Specialty outdoor retailer REI (Recreational Equipment, Inc.) has awarded $100,000 to PeopleForBikes to expand its Green Lane Project, which helps U.S. cities build better bike lanes to create safer streets and better communities…
Author: Charlie Lunan
Lululemon’s Q1 Comp Sales Rise 8 Percent
Lululemon Athletica Inc. reported net revenue grew 16 percent to $602.5 million in the fourth quarter ended Feb. 1 thanks to an 8 percent increase in comparable sales, including direct-to-consumer sales, in currency-neutral terms…
Detroit Bikes Opens First Store
Detroit Bikes, which manufactures bikes in Motor City, will open its first retail location May 8 at 1216 Griswold in Detroit.
Rising Costs Worry Garmin Analysts
Rising advertising and R&D expenses at Garmin Ltd.’s Fitness and Outdoor segments came under scrutiny during its first quarter earnings call last week, when analysts pressed executives on how long the company would have to sustain higher spending le
USA Cycling Names Wiggle Executive as Next CEO and President
USA Cycling late Thursday named Derek Bouchard-Hall, a Harvard MBA and executive at UK-based online bike dealer Wiggle, as its next CEO & President…
UK’s Evans Cycles to Trade Hands
Evans Cycles, the UK’s largest specialist cycling retailer is being sold by Active Private Equity to ECI Partners, the companies announced May 1. On completion, ECI will…
Columbia’s Q1 Yields Upside Surprise
Columbia Sportswear Company cheered investors last week when it said it expects operating margins to hit double digits for the full year following stronger than expected first quarter sales of Columbia and Sorel gear…
REI to Open Third Distribution Center Next Summer
REI announced plans to open a distribution center in Arizona in mid-2016 that will enable it to reach 20 percent more customers with two-day ground service…
Mountain Khakis New Owners Say Brand Has Reached Inflection Point
The investment company that acquired Mountain Khakis last week sees no need to change the outdoor apparel brand’s growth priorities, according to an interview with one of its principals…
West Marine Comps Surge in First Quarter
West Marine, Inc. reported comparable store sales excluding a calendar shift, surged 7.3 percent in the fiscal first quarter ended April 4, 2015 compared with a year earlier thanks in part to a new Super Sale in March…
Shimano’s Q1 Profits Soar as Cheap Yen Boosts Sales
Shimano Inc. of Japan reported better than expect financial results for the first quarter thanks in part to the cheaper yen and brisk sales of bicycles…
Mountain Khakis Acquired by Warren Kanders
Mountain Khakis was acquired Wednesday by Warren B. Kanders, executive chairman of Black Diamond Inc.. Kanders will join Mountain Khakis as the chairman, while Ross Saldarini will continue to serve as president…
Patagonia Film Illustrates Brand’s Growing Activism
Patagonia released The Fisherman’s Son, a new 30-minute film chronicling a Chilean man's struggle to preserve his favorite surfing spot, in an illustration of the brand's own broadening environmental activism…
Filson and Keen Honored by The Conservation Alliance Grantees
Filson, Juniper Ridge, and Keen have been named the winners of The Conservation Alliance Outstanding Partnership Award for 2015. The award recognizes member companies that go above and beyond in building relationships with Conservation Alliance grantees..
Columbia Reports Record Q1 Sales, Ups Guidance
Columbia Sportswear Company raised its full year outlook after reporting sales grew 13 percent in the first quarter to reach a record $479.0 million. The company said sales would have grown 17 percent if not for the negative impact of currency exchange ra
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