New Wave Group reported lower income on higher sales at its Sports & Leisure segment in the first quarter as higher sales and marketing costs ate into margins. The Swedish company is ramping up hiring in a bid to make its Craft, Seger and Cutter & Buck br
Author: Charlie Lunan
Amer Sports Reports Decline of Ruble Undermined First Quarter Earnings
Amer Sports said earnings declined in the first quarter as solid sales gains and steady gross margin were more than offset by the negative impacts of currency exchange rates, particularly in Russia, where the ruble dropped in the wake of the Ukrainian cri
Drop Off in Firearms Sales, Long Winter Drag Down Cabela’s Comps 22 Percent
Cabela's Incorporated saw its comp store sales fall nearly 22 percent in the first quarter as it comped against last year’s unprecedented surge in gun and ammo sales and contended with harsh winter weather in many of its markets…
LifeFitness Heats Up As Q1 Freeze Ices Sales at Brunswick’s Other Segments
Brunswick Corp. reported net sales decreased 3 percent in its first quarter as gains in its Fitness segment could not offset the impact of harsh winter weather on its Marine Engine, Boat and Bowling and Billiards segments…
Finish Line Ups Stake in RSG, Appoints President to Take Over Daily Operations
The Finish Line, Inc. has agreed to increase its stake in Denver-based Running Specialty Group (RSG) and named a president to take over daily operations of the business from the Gart Companies. RSG has rolled up 49 stores in 11 states operating under 11 b
REI Report Shows Growing Scrutiny of Factories in Wake of Rana Plaza
REI saw instances of non-compliance with its Factory Code of Conduct quadruple in 2013 as auditors increased their scrutiny of building safety in the wake of fires and the Rana Plaza factory collapse…
Hanesbrand’s Champion Fleece Sales Propel Activewear Segment to Record Profits in the First Quarter
HanesBrands Inc. said cold weather helped Champion pick up more shelf space in the first quarter as existing and new retailers sought to bring in more fleece…
Patagonia’s New Venture Fund Backs Waterless Laundering Technology
Patagonia has joined Nike and Adidas to become the latest athletic apparel brand to invest in water saving textile technology. The outdoor brand made a strategic investment in CO2Nexus Inc., a Colorado company that has developed a sustainable method of pr
Amer Sports Says Exchange Rates Offset First Quarter Sales Growth
Amer Sports reported net sales increased 6 percent currency-neutral in the quarter ended March 30, but said earnings before income taxes fell nearly 22 percent as the euro continued to rise against other currencies. The Finnish company said a mild winter
Accell Group Tells Shareholders Results Improving
Accell Group N.V. told shareholders Thursday that sales and profits improved in the first months of 2014 compared with the same period of 2013 as favorable weather in Europe stimulated sales of its bicycles…
Lost Surfboards Taps Quiksilver Veteran as First GM
Lost Surfboards has named surf industry veteran Dave Lester as its first general manager to oversee day-to-day operations. He joins the company from Quiksilver, where…
Cabela’s Hits Q1 Earnings Guidance Amid Plummeting Gun and Ammo Sales
Cabela's Inc. said its first quarter profits met forecast after an anticipated, double-digit decline in same-store sales on the anniversary of last year's surge in gun and ammo sales. Despite the sharp decline, the retailer reported that the 14
Amazon.com Merchandise Sales Up 28 Perent in First Quarter
Amazon.com Inc. reported its North American sales of electronics and general merchandize, excluding media, increased 27.8 percent to $7.83 billion in the first quarter compared with the year earlier quarter…
REI Report Shows Scrutiny of Apparel Factories Grew in 2013
Instances of non-compliance with REI’s Factory Code of Conduct quadrupled in 2013 as it doubled the number of visits to its factories and auditors heightened their scrutiny of safety and evacuation procedures in the wake of the Bangladeshi and Pakis
With Fresh Capital from J.H. Whitney, Confluence Seeks SUP Acquisition
Look for Confluence Outdoors to acquire a standup paddleboard (SUP) brand this year with fresh growth capital provided by its first new owner in more than a decade…
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