Cabela’s Inc. said it will slash capital spending by 70% so it can focus on increasing profits at its existing stores after missing its fourth quarter financial targets. The outdoor retailer said it would scale back store openings from eight last year to
Category: Outdoor
Nautilus Cancels Acquisition of China Factory…
Nautilus Inc. canceled plans to buy its largest contract manufacturer in Xiamen, China. In a filing with the SEC, the company said it would likely have to forfeit the $18.5 million non-refundable deposit paid to Land America Health & Fitness Co. as part o
Wolverine World Wide Again Led by Outdoor Group in 2007; Sees Strong 2008…
Wolverine World Wide is celebrating the 125-year birthday for the Wolverine brand this year, but it is the company’s Outdoor Group that is getting all the attention once again as it set the pace for revenue growth for the 2007 fourth quarter and year, wit
Women’s Apparel Earns Mountain Hardware REI Vendor of Year Honors
REI named Mountain Hardwear Inc. as its 2008 Vendor Partner of the Year Award in REI’s Outdoorwear division. REI said Mountain Hardware redesigned much of its women's apparel, a category that helped propel much of REI's growth in 2007. It marked
Ralph Parks Takes CEO Reins at Heelys…
Heelys, Inc. reported late Friday that its board had accepted the resignation of Michael G. Staffaroni, CEO of Heelys, Inc. since 2001. Ralph Parks, former president and CEO of FootAction USA, will serve as interim CEO. Parks was named to the Heelys boar
SIA ‘08 Again Sees Bi-Polar Mood Swings…
As always, the SIA show floor seemed the meeting of the frathouse and the country club as the rather quiet ski end abutted the boisterous snowboard section. The tag line for the show was One Family. One House., but there was definitely more energy — and n
While Outdoor Retailer Continues to Focus on the Back Side of the Mountain…
Backcounty ski was by far the biggest category at the Backcountry Base Camp at Snowbasin as ski, boot, binding and safety equipment vendors displayed their ever growing product lines. Vendors seemed to be catering to a sport that is growing both up and d
SIA: Internet, Snow Push Sales…
A relative abundance of snow pushed snow sports sales up 13% from August to December compared to the same period last year, Snowsports Industries America reported. Close to half of all dollars in reported sales so far this season were spent in December,
Chums-Chisco Merges with Skin-Care Company
Chums-Chisco, a provider of $15 and under accessories to the outdoor specialty retailer, has merged with Beyond Coastal Sun Care. Beyond Coastal founder Shawn Biega will remain an integral part of sales and marketing with Chums-Chisco…
Canada’s Dorel buys Cannondale and Sugoi
Canada's Dorel Industries Ltd. said it acquired Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Adv
Patagonia Wins ‘Eco Brand of the Year’
Patagonia, Inc. on January 29th was awarded “EcoBrand of the Year” at the Volvo EcoDesign forum in Munich, Germany, during the ISPO trade show. The award represents the recognition of the outdoor industry for Patagonia's efforts and initiatives to lo
Timberland Names New Agency
Timberland has selected London-based independent Leagas Delaney to replace Havas' Arnold, Boston, as its global creative agency. Timberland in a statement said it plans to increase its ad spending behind the Leagas Delaney campaign, expected to launc
Veltec Becomes Descente Licensee
Veltec has signed an agreement with Descente, Ltd. to become the licensee of the Descente brand for the cycling, triathlon, running and fitness markets, in North America and Europe beginning February 1. Descente will be a part of Veltec’s newly formed sof
Staffaroni Resigns from Heelys
Heelys, Inc. said its board has accepted the resignation of Michael G. Staffaroni, Heelys’ CEO since 2001, effective Friday. Ralph T. Parks, former president and CEO of FootAction USA, will serve as interim CEO. Parks was named to Heelys’ board of directo
Beyond Coastal and Chums-Chisco Merge
Beyond Coastal Sun Care and Chums-Chisco, have merged. With the merger, Beyond Coastal founder Shawn Biega will continue as an integral part of Sales and Marketing with Chums-Chisco. In addition, retailers will now be able to get more high margin, low cos
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