Performance Sports Group said directors’ decision to hire a law firm to vet its annual report will cause it to file late and violate covenants with lenders.
Author: Charlie Lunan
Astral Adds Rockies Rep to Boost Footwear Sales
The company, which got its start making PFDs, named a new sales agency to support its growing footwear business in in Colorado, Utah, Wyoming and New Mexico.
Urban Camping, Stronger Yen Boost Snow Peak
Interest in urban camping in the company’s native Japan fueled strong growth in the first half, while profits grew even faster due to the strengthening yen.
Utah to Host Three Outdoor Rec Summits
The Governor’s Office of Outdoor Recreation will host the summits this fall to show rural residents how they can plug into the state’s recreation economy.
Longshoremen Vote to Start Contract Talks Early
A majority of International Longshore and Warehouse Union delegates voted to begin talks to extend a contract with employers at West Coast ports beyond 2019.
New Brands Helped Vista Outdoor Grow in Tough Q1
The company would have reported lower sales and gross margin in the quarter ended July 3 if not for contributions from CamelBak, Bell, Giro and Jimmy Styks.
SGB 2016 Retail Top 100: $3 Billion Up For Grabs
With Sports Authority, Sport Chalet and City Sports going out of business, who will fill the gap in active lifestyle retail?
SGB 2016 Retail Top 100: Anchors Away
Department stores sold billions of dollars in athletic and outdoor apparel and footwear last year, but their future is far from certain.
AAFA Urges Cutting Fed’s Use of Prison Factories
The American Apparel & Footwear Association called on presidential nominees to eliminate prison factories’ preferential access to federal uniform contracts.
Investor to Sell More Fox Factory Shares
Compass Diversified Holdings Inc., which has agreed to acquire 5.11 Tactical, is poised to sell 29 percent of its remaining stake in Fox Factory Holding Corp.
Goldwin Reports Solid Growth in Fiscal Q1
The Japanese company, which owns the Goldwin and C3fit brands and distributes The North Face and other outdoor brands in Asia, reported sales grew 6.6 percent.
Brazil Propels Havaianas’ Q2 Growth
Surging sales of Havaianas flip flops and closed-toe shoes in its native Brazil enabled Alpargatas to grow net revenues 8.4 percent in the second quarter.
5.11 Tactical Charges Forward With Consumer Expansion
The soon-to-be-acquired company generates enough cash to grow its emerging U.S. retail business and pay a dividend to Compass Diversified Holdings Inc.
Dive Unit, Tents Obscure Growth at Johnson Outdoors
Johnson Outdoors Inc. reported flat sales in its fiscal third quarter, ended July 1, as its dive segment, tents sold to large retailers and currency exchange rates dragged down growth and profits compared with a year earlier.
Turner Lands Duluth Trading PR Account
Turner has added Duluth Trading Company to the list of “Modern Outdoor” clients it represents.
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