Author: Eric Smith

Outdoor Brands Reveal True Cost Of Tariffs

Outdoor Brands Reveal True Cost Of Tariffs

Representatives from outdoor brands NEMO Equipment Inc., VF Corp., Columbia Sportswear Co. and Nester Hosiery spoke Thursday about the wide-ranging impact that tariffs are having on their companies. The cost of the trade war, they said, extends far beyond a dollar amount and is taking a toll on hiring, expansion and, perhaps most worrisome, product innovation. (Read More)

Why Some Brands Are Sacrificing Sales During Global Climate Strike

Why Some Brands Are Sacrificing Sales During Global Climate Strike

Two of the biggest names in the active lifestyle industry will close their doors and their cash registers on September 20 to participate in the Global Climate Strike. Burton and Patagonia in recent weeks announced they won’t open their retail stores, process online sales or otherwise engage in day-to-day business practices next Friday so company employees can join one of the events happening worldwide. Here's why they're putting purpose over profit. (Read More)

More On Camping World’s Pivot Away From Outdoor Retail

More On Camping World’s Pivot Away From Outdoor Retail

Camping World Holdings Inc. has put outdoor retail in the proverbial rear-view mirror and set its sights on selling only recreational vehicles and accessories—even as the RV market sputters along. As SGB detailed Tuesday in our August M&A Roundup, Camping World last month sold a pair of outdoor specialty retailers. Now that the company has shed some light on its larger plan, those moves are just a hint of what’s to come. (Read More)

Six Takeaways From Paddlesports Retailer

Six Takeaways From Paddlesports Retailer

SGB is back from the third annual Paddlesports Retailer show, held this week in Oklahoma City. We identified six takeaways from the event, including reaction to the format changes, why most paddlesports brands believe this show trumps Outdoor Retailer and the meaning behind one attendee’s description of demo day as “mayhem and awesome.” (Read More)

Sportsman’s Warehouse Adeptly Seizing Firearms Opportunities

Sportsman’s Warehouse Adeptly Seizing Firearms Opportunities

The firearms market has proven ripe for Sportsman’s Warehouse Holdings Inc. of late, and the most recent evidence arrived Wednesday when the company reported a 3.3 percent increase in firearms sales and a 5.3 percent increase in firearms and ammunition sales for the second quarter. Now those numbers could grow thanks to both outside and company-directed factors. (Read More)

Avenatti Motion Punches Back At Nike, But Will It Land?

Avenatti Motion Punches Back At Nike, But Will It Land?

Legitimate claim that Nike Inc. made illegal payments to high school hoops stars, or malicious attempt by desperate lawyer to clear his name of wrongdoing? That’s the question at the heart of the motion that attorneys for Michael Avenatti filed in federal court Wednesday to dismiss his recent indictment. SGB breaks down the latest in this ongoing saga, which includes accusations of payments to such stars as Zion Williamson. (Read More)

Canada Goose Widens Loss But Also Expands Product Focus

Canada Goose Widens Loss But Also Expands Product Focus

Shares of Canada Goose Holdings Inc. didn’t take quite the nosedive Wednesday they suffered in May after the previous quarter’s softer profit outlook, but the company’s Q1 2020 performance—most notably margin decline and a widened loss—once again took a toll on its stock. CEO Dani Reiss shed some light on the reasons why in addition to what's on the horizon for the brand. (Read More)

Tariff Delay Full Of Sound And Fury, Signifying Nothing

Tariff Delay Full Of Sound And Fury, Signifying Nothing

Some apparel and footwear brands, along with a host of electronics companies, will see tariff hikes on their Chinese imports delayed until December 15 as President Trump hopes to keep the economy from tanking during the holidays. But the trade war rolls on with U.S businesses and consumers—including those in the sporting goods and outdoor industries—suffering the most. (Read More)

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