Prayers Answered: Early Snowfall Bodes Well For Ski Resorts

Skiers and snowboarders aren’t the only ones whose prayers for plentiful snow to start the season have been answered. The owners and operators of resorts across the country are especially thankful for the early openings and hopeful that this momentum will lead to a long and prosperous season.

Sportsman’s Warehouse Shares Rise After Mixed Q3

Shares of Sportsman’s Warehouse Holdings Inc. were up 23 cents, or 4.9 percent, at market close Wednesday after the company posted mixed performance for the third quarter despite numerous headwinds, most notably weather-related.

Performance Bicycle, ASI Parent Company ASE Files For Chapter 11

Advanced Sports Enterprises Inc.—parent company of retail chain Performance Bicycle, wholesale distributor ASI and five bike brands—on Friday announced it is seeking Chapter 11 protection in U.S. Bankruptcy Court. The company said in a press release that “the move is intended to facilitate the company’s long-term, strategic goals of enhancing profitability and reaffirming its commitment to its employees, vendors and the communities it serves.”

SGB Executive Q&A: Scarpa North America CEO Kim Miller

Scarpa North America CEO Kim Miller sat down with SGB recently to discuss a wide range of topics, from the changes he’s seen in the footwear business over a long career to Scarpa’s success as a family-owned boot and shoe maker for 80 years to how the industry can raise its voice on such issues as public lands.

Canada Goose CEO: Baffin Is ‘Dream Acquisition’

Canada Goose Holdings Inc. President and CEO Dani Reiss couldn’t hide his excitement on Wednesday morning’s conference call with analysts when discussing the company’s recent addition of footwear maker and fellow Canadian and cold-weather brand Baffin Inc. “This is a dream acquisition for me as I’ve been watching and admiring Baffin for many years and I know them very well,” Reiss said.

SGB Executive Q&A: G3 Founder & CEO Oliver Steffen

Oliver Steffen, founder and CEO of British Columbia-based backcountry ski brand G3, spoke with SGB recently about a wide range of topics, including an in-depth look at the company’s G3 University that he and his team designed to help backcountry enthusiasts improve their skills and get the most out of their adventures.

4 Hot Topics From Outdoor Retailer Winter Market

Exhibitors and retailers offered mixed reviews of last week’s Outdoor Retailer Winter Market—the first in November and first in Denver—with the majority of companies that SGB interviewed saying they lamented the show’s lack of attendees and overall dearth of energy but lauded the show’s new date.

Wolverine World Wide Shares Slide On ‘Choppy’ Revenue Growth

Shares of Wolverine World Wide Inc. fell $3.28, or 9.1 percent, on Wednesday after the company reported another quarter of what CEO Blake Krueger called “choppy” revenue growth for 2018. Reported revenue of $558.6 million decreased 3.9 percent during the third quarter and missed Wall Street targets by $23.5 million.

‘Highly Fragmented’ Industry Keeps Camping World In Acquisition Mode

Camping World Holdings Inc. closed on just one acquisition in the third quarter, but the Lincolnshire, IL-based company announced two more deals and signed a purchase agreement for another in October (Q4) as it takes advantage of a marketplace that is ripe for active buyers. “In a highly fragmented industry … we continue to see a number of acquisition opportunities,” said President Brent Moody.

Black Diamond’s Strong Q3 Helps Clarus Reach New Heights

A stellar third quarter from Black Diamond propelled the brand’s parent Clarus Corp. to post record sales in the period and also prompted the company to lift revenue and EBITDA guidance for 2018. Black Diamond notched 12 percent growth, including 14 percent growth in climb and 40 percent growth in apparel.