Shares of Duluth Trading fell $5.94, or 25.2 percent, to $17.60 Friday after the company reported fourth-quarter earnings that came in well short of Wall Street’s targets because of delivery challenges and a poor response to newer offerings. Guidance for the current year was also significantly cut with a sales recovery not expected until the second half.
Category: Outdoor
IMF Study Finds Tariffs Can’t Fix Trade Problems
New research from the International Monetary Fund (IMF) finds that if the U.S. and China raise tariffs to 25 percent on all goods traded between the two countries, the U.S. economy would lose between 0.3 and 0.6 percent in growth, the Chinese economy would lose between 0.5 and 1.5 percent, and global growth would slow by 0.1 and 0.2 percent.
L.L.Bean Community Award Recipients Rewarded
L.L.Bean in partnership with The Trust for Public Land, announced the recipients of the first L.L.Bean Community Fund Award, supporting projects in 2019. Projects in Cleveland, Chicago and Boston will each receive $50,000 grants for public park and green space enhancement.
Sports Participation Roundup
Extensive research from Women In Adventure touting the strong connection between women in the outdoors and their mental well-being highlighted the latest round of sports participation surveys and studies. Research also arrived on running-race sign-ups, tennis participation, gym memberships, tackle football and more.
Trust Performance Announces Industry Purchase Program
Trust Performance, the specialist in bike suspension technology, announced the rollout of its industry purchase program to give cycling and outdoor industry employees exclusive discounts on Trust Performance products.
Liv Cycling Unveils Global Brand Campaign Liv Forward
Liv Cycling, the women’s cycling brand, unveiled Liv Forward, its global brand campaign dedicated to the momentum and connection experienced through the shared joys of cycling.
La Sportiva Hires Ascension Sales To Represent The Rockies
La Sportiva announced the hiring of Ascension Sales to represent the brand in Colorado, Utah, Wyoming, and New Mexico.
Outdoor Companies Step Up For “We Keep It Wild” Campaign
A diverse assortment of 22 companies are hosting fundraisers and online promotions during the month of April to benefit The Conservation Alliance in the fifth annual “We Keep It Wild” campaign.
Tariffs Less Worrisome For Some, Not Others
While no trade deal has been reached between the U.S. and China, the news around tariffs has been more favorable than unfavorable since the start of the year. But some industry players still have been raising prices, purchasing early to avoid hits and taking other steps to mitigate their potential impact.
REI To Open Store In Columbia, SC
REI Co-op is adding its second location in South Carolina in spring 2020 with a store in Columbia’s BullStreet District. The new 20,000-square-foot space will join the co-op’s existing location in Greenville, which opened in 2011.
Goal Zero Names Rose Sales Agency 2018 Agency Of The Year
Goal Zero, a leader in portable power, light and solar solutions, has named the Rose Sales Agency out of the Rocky Mountain region as its first-ever Agency of the Year for 2018.
Oboz Taps Love Communications For Digital Support
Oboz Footwear has selected Love Communications of Salt Lake City, UT, as its digital agency of record.
MEC To Open Relocated Flagship In Toronto
MEC, Canada’s leading outdoor retailer, confirmed its relocated Toronto flagship store will open April 13, 2019.
Amazon Reports Roundup
A number of retail studies arrived over the last few weeks on retail’s disruptor, Amazon, including the e-commerce giant’s break-through in apparel, expanding dominance in product search, private-label shortfalls, trust credibility, digital advertising pushes and more.
Western Mountain Destinations Occupancy Remains Strong
Inntopia reported that as of Feb. 28, occupancy for western resorts for the month of February was up 5.7 percent compared to the previous February in a year-over-year (YOY) comparison.
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