A strong yen, stubbornly high bicycle inventories in the U.S. and slowing consumer spending in China led to weaker results at Shimano Corp. in the first half.
Author: Charlie Lunan
Wefunder to Scout Startups at Outdoor Retailer
Wefunder, a crowdfunding site that has helped tent maker Slingfin raise $50,000 in equity capital, will be scouting clients at Outdoor Retailer next week.
OIA Reacts to Republican Platform
Outdoor Industry Association released a letter it sent to the Republic Party opposing its support for turning certain federal lands over to the states.
Oakley’s North American Sales Falter
Luxottica Group lowered its guidance after reporting North American sales of Oakley sunglasses declined in the second quarter due to poor performance in the sporting goods channel.
RECALL: 7,600 GSI Outdoor Kid’s Water Bottles
GSI Outdoors Inc.
is recalling 6,700 kid’s water bottles sold exclusively by L.L.Bean because solder on their exterior contains high levels of lead.
RECALL: 1,400 Crossman Centerpoint 370 Crossbows
Crosman Corporation recalled about 1,400 Centerpoint Sniper 370 crossbows because a part can break and cause a sudden recoil that can result in injury.
RECALL: 3,500 Cannondale Bad Boy, Bad Girl Bikes
Cannondale is recalling about 3,100 of its popular Bad Boy and Bad Girl commuter bikes in the United States after learning their fork axle can crack.
Birkenstock to Cut Off Amazon.com
Birkenstock will stop selling directly to Amazon.com and ban third-party sales on the site effective Jan. 1 due to a proliferation of counterfeit products being sold there, according to a memo obtained by CNBC.
VF Corporation Cuts Forecast as Retailers Dial Back
VF Corporation lowered the full-year outlook for its flagship Outdoor & Action Sports Coalition amid very conservative ordering by U.S. retailers.
Thule’s U.S. Sales Stall Amid Retail Turmoil
Retail bankruptcies and weak bike sales in the United States slowed Thule Group’s growth to a crawl in the Americas in the second quarter ended June 30.
VF Outdoor & Actions Sports Lowers Outlook
VF Corporation lowered the full-year outlook for its flagship Outdoor & Action Sports Coalition after reporting its sales grew 2 percent in the second quarter ended July 2.
MEC to Add Two Stores in Calgary
Canadian specialty outdoor retailer MEC plans to open two new stores in Calgary over the next three years.
REI Foundation Donates $1M to National Parks Foundation
The REI Foundation has donated $1 million to help create two youth conservation corps that will restore trails in two national parks near Seattle.
Textile Exchange Anoints Sustainability Leaders
Textile Exchange (TE) listed apparel brands doing the most to enhance sustainability in the textile supply chain through their use of organic cotton and other “preferred fibers.”
US Retail Bankruptcies Weigh on Thule
Thule Group reported its net sales grew just 0.5 percent in the Americas in the second quarter as the liquidation of Sports Authority and Sport Chalet depressed the overall market.
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