Winmark Corporation, the parent of Play it Again Sports, reported net income for the quarter ended June 27 of $5.06 million, or $1.33 per share, compared to net income of $7.3 million, or $1.79, in the second quarter of 2019.
Category: Outdoor
Outdoor Recreation Businesses Urge House To Pass Great American Outdoors Act
A total of 127 outdoor businesses sent a letter to House leadership urging passage of the Great American Outdoors Act (GAOA).
360 Adventure Collective Cancels Southeast Summer Expo
360 Adventure Collective, the member association, has canceled the Southeast Summer Expo, which was to take place August 4-7 at the Greenville Convention Center in Greenville, SC.
Bass Pro Shops To Hire 5,000
Bass Pro and Cabela’s announced plans to hire 5,000 new employees nationwide due to strong demand amid the pandemic
BJ’s Wholesale Club Debt Ratings Upgraded
Moody’s Investors Service Inc. upgraded all the debt ratings of BJ’s Wholesale Club due to continuing improvement in BJ’s quantitative profile resulting from continued strong operating results as well as the recent reductions in debt.
MEC Undergoes Layoffs At Stores
Mountain Equipment Co-op (MEC), which operates 21 stores across Canada, has laid off a number of retail employees it formerly furloughed as it faces challenges managing during the pandemic.
Scheels Opens Store In Eden Prairie
Scheels on Saturday opened a two-story, 250,000-square-foot store at Eden Prairie Center at Eden Prairie, MN, replacing a smaller store.
REI Undergoes Layoffs At Store Level
REI will reduce its staff by about 400 employees across its 162 stores, according to a report from Kent Reporter.
EVent Fabrics Acquired By Hong Kong Company
EVent Fabrics, a developer waterproof apparel with air-permeable membrane technology, has been acquired by Performax Pro, Limited, of Hong Kong, who assumed full ownership of the eVent Fabrics brand for an undisclosed sum. The seller was Parker Performance Materials which has owned the eVent brand since 2017.
Big 5 Sees Robust Q2 Profit Turnaround Despite Comps Decline
Big 5 Sporting Goods released upbeat preliminary results for the fiscal second quarter ended June 28. The company said it expects earnings per share of 52 cents to 54 cents for the quarter, including a benefit of 15 cents related to rent abatements and litigation recovery, compared with breakeven EPS a year ago.
RVCA Retains Northwest Sales Agency
RVCA has appointed Northwest Road Reps to represent the Pacific Northwest.
Sea Otter Classic Cancels 2020 Edition
The Sea Otter Classic’s 2020 event, which had been rescheduled for October 1 to 4, will be canceled, according to the event’s organizers. The Bicycle Leadership Conference, traditionally held prior to the Sea Otter Classic, has also has been canceled.
Costco’s U.S. Same-Store Sales Climb 11 Percent In June
Costco Wholesale Corp. said its June sales rose 11 percent to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12 percent, including an 11 percent increase in U.S. same-store sales.
Hydro Flask Parent Sees Modest Q1 Decline In Houseware Sales
Helen of Troy Ltd. reported sales in its Housewares segment, which includes Hydro Flask and OXO, were down 3 percent in the first quarter ended May 31, to $140.6 million primarily due to the temporary closure of key domestic brick & mortar customers due to COVID-19 and a decrease in international sales.
ATTA Sees Losses Compounding But Optimism Returning in Sentiment Report
The Adventure Travel Trade Association has released findings from its Second Adventure Business Impact Monitor Survey: COVID-19.
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