February 02, 2017 Sports Direct Said to Explore Bid for EMS, Bob’s
The giant U.K. retail chain, which made a somewhat half-assed attempt to buy The Sports Authority in bankruptcy, is again said to be looking at gaining a toehold in the U.S. market as the stalking horse bidder in a new bankruptcy that would involve Eastern Mountain Sports and Bob’s Stores, according to a report in Reuters. Callaway Improves in Q4, Looks Ahead to More Rational Market
Without including a net $141 million non-cash reversal of a deferred tax valuation allowance, ELY’s net loss would have improved to $17,343,000 from a loss of $30,452,000 on a 7% sales gain to 163,695,000 from $153,331,000 in the seasonally small quarter. Deckers Disappoints, Plans Brand Reset and More Cost Reductions
Warm weather in Oct. And Nov. spooked the market place for its Ugg brand as Deckers reported a 74% reduction in net income to $41,027,000 from $156,921,000 with sales falling 5% to $760,345,000 from $795,902,000 for the third quarter ended Dec. 31. GoPro Looks To Overcome Missteps In 2017
GoPro experienced a net loss of $115,709,000 in Q4 ended Dec. 31, which included charges of $102 million for a full valuation allowance on U.S. deferred tax assets and nearly $37 million for restructuring costs, compared to a loss of $34,451,000 last year. Hanesbrands Activewear is Solid
Activewear segment operating profit gained 9% to $64,575,000 from $59,325,000 in the fourth quarter on sales of $383,465,000, up 3% from $373,166,000. Efinger Sporting Goods Files for Chapter 7
The Boundbrook, NJ, sporting goods institution, which closed its doors after a GOB sale last Sep. after more than 100 years in business, filed for liquidation in NJ federal bankruptcy court. Under Armour Targeted by Shareholder Law Firms
Following the 26% stock price decline after its earnings miss on Q4, at least five law firms announced they were investigating Under Dog for a possible shareholder lawsuit. Etcetera: Skechers, GCI Outdoor
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