1 Percent
Increase in Nike’s futures orders reported in its first quarter ended August 31, versus 14 percent growth at the same time a year ago. Futures for the Nike Brand represent goods for delivery between September 2016 and January 2017. The report drew concern from investors, but officials say the figure no longer accurately assesses future business as more sales come via its direct-to-consumer channels.
21.5 Percent
Increase in season-pass revenue at Vail Resorts Inc. for its fiscal full year 2016, alongside a 18.5 percent boost in skier visits. The overall mountain revenue reported for the fiscal year ended July 31 was up 18.2 percent to $1.3 billion. Part of those gains included the company’s first full year of its recently added Perisher Resort in Australia.
9 Months
Spent by Columbia Sportswear Co. in vetting candidates for the role of Mountain Hardwear President before it chose John Walbrecht in March 2016, who came from Swedish outdoor brand Fjällräven. Walbrecht was in his position at Mountain Hardwear for seven months before announcing a jump to Black Diamond, effective October 3.
24 Years Ago
Former Gart Bros. Co-Owner Kent Gart sold the business that became part of the now-defunct Sports Authority portfolio. Gart spoke at the annual Outdoor Industry Association Rendezvous event in Denver on September 28, criticizing the retailer’s leadership before it went bankrupt earlier this year. He added that other big-box stores are at risk.
29,000 People
Attended Outdoor Retailer Summer Market in 2016. Show organizers are considering a schedule change that could shift the show’s schedule up nearly two months to June to better align with retailer ordering periods and better coordinate with other industry events.
