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FINANCE

  • Cabela’s earnings slip in Q3

    Despite sales gains, Cabela’s experienced profit losses for the third quarter.   For the quarter ended Oct. 1, 2016, the outdoor retailer’s total revenue increased 7.6% to $996.5 million; revenue from retail store sales increased 8.1% to $688.6 million; Internet and catalog sales increased 3.6% to $167.4 million; and financial services revenue increased 8.8% to $134.5 million.   

  • Under Armour net revenue, online sales jump in Q3

    Amid “sluggish retail conditions,” VF Corp.’s Under Armour division posted gains for the third quarter.   Under Armour’s net revenues increased 22% in third quarter 2016 ended Sept. 30, 2016, to $1.47 billion compared $1.20 billion for the same period last year. Net income increased 28% to $128 million, compared with $100 million for third quarter last year.  

  • HRC report finds retail economic metrics are not sustainable

    Amid continued market share growth by Amazon and a rapidly changing digital environment, traditional retail profitability metrics are under siege and not sustainable.   

  • GNC announces quarterly dividend

    GNC Holdings reported a quarterly dividend of 20 cents per share.   The dividend will be paid on Dec. 30.   The specialty wellness retailer operates more than 9,000 locations in approximately 50 countries.  

  • Report: Authentic Brands Group, Iconix Brand Group eyeing American Apparel

    Several companies have reportedly expressed interest in acquiring the debt-laden American Apparel.   Brand licensors Authentic Brands Group and Iconix Brand Group are among the companies eying the chain, Reuters reported.   

  • Staples moves beyond office supplies with new licensing efforts

    Staples is getting into the licensing game as a means of expanding its brand. It’s first target — document storage.  

  • Skechers Q3 misses

    Skechers’ third quarter results came in below estimates as the company said it would continue to focus internationally for growth.   The Manhattan Beach, Calif.-based brand’s net income fell 2.2% to $65.1 million, or 42 cents per diluted share, which was below forecasts for diluted EPS of 47 cents. Skechers said its diluted EPS were negatively impacted by foreign currency translation and exchange losses.  

  • PetSmart uses acquisition to drive pet adoptions

    PetSmart’s recent acquisition will help place pets with prospective forever families even faster.   The specialty pet retailer acquired AllPaws, one of the largest online and mobile platforms that matches those looking to adopt a pet with pets ideally suited for their home, family and lifestyle. Approximately 5,000 animal rescues and shelters across North America already utilize AllPaws to promote their adoptable pets.  

  • Walgreens, Rite Aid extend date of merger agreement to allow for store divestures

    Walgreens, Rite Aid extend date of merger agreement to allow for store divestures   Walgreens Boots Alliance and Rite Aid announced that they have mutually agreed to extend the end date of their merger agreement from Oct. 27, 2016 to Jan. 27, 2017.   The companies now expect the transaction will close in early calendar 2017.  

  • Supervalu misses on sales, but on target with profit

    Supervalu Inc. posted disappointing sales results for its second quarter as the company continues to shift its business toward wholesale distribution.       The company released its second quarter results just days after it entered into an agreement to sell its Save-A-Lot discount grocery chain to Canadian private equity firm Onex for $1.37 billion in cash.   
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