Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year.
Category: Outdoor
Hammerhead Secures $4.1 million In Funding
Hammerhead, maker of the Karoo cycling computer, has closed a $4.1 million seed plus round, led by Primary Venture Partners and KB Partners. Also participating were Courtside Ventures, Maveron, Robin Thurston, the co-founder of MapMyFitness and previously Chief Digital Officer at Under Armour, and Andy Ording, the CEO of Zipp.
Sun & Ski Sports To Hold Demo Event In Colorado
Sun & Ski Sports will be holding Ride the Future event at its store in Dillon, CO to enable consumers to demo 2020 ski and snowboard products.
Accell Group Sees Growth Accelerate In 2018 Second Half
Accell Group N.V., the leading European bicycle company with brands such as Haibike, Koga, Batavus and Raleigh, announced that its ‘Lead Global. Win Local’ strategy is starting to pay off in its core markets (excluding North America). Growth in the second half of 2018 accelerated to 10.4 percent, bringing FY core turnover growth to 6.1 percent.
Bass Pro Shuttering Facilities In Sidney, Oshkosh In Nebraska
Bass Pro Shops announced it will be closing a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE. A total of 162 jobs will be affected.
Preliminary Results See Amer Sports’ Shareholders Favoring Anta Sports Merger
Amer Sports Corp. in a statement that its shareholders had provided overwhelming support for its merger with a consortium led by China’s Anta Sports.
Vail Resorts Reduces Earnings Outlook
Vail Resorts Inc. lowering its earnings guidance for its fiscal year ending July 31, 2019, primarily due to the disappointing results from destination visitation in the pre-holiday period and also due to shortfalls from expectations at our Tahoe resorts and Whistler Blackcomb.
Edelrid North America Appoints New Sales Leadership In The Rockies
Edelrid has appointed Vertical World Sales as its new sales leadership responsible for serving the Rockies Territory, covering Colorado, Utah, Wyoming, and New Mexico.
Edelrid North America Announces New Vice President
Edelrid, the manufacturer of technical climbing gear, announced the promotion of Blair Williams to vice president of their North American operations, effective immediately.
Patagonia, L.L. Bean Near Top Of Reputation Rankings
Patagonia ranked third and L.L. Bean fourth in this year’s Axios Harris Top-100 Poll’s survey ranking the public’s perception of the 100 most visible U.S. companies. Nike, Adidas, Under Armour and Dick’s Sporting Goods also landed on the list.
Smith Welcomes Connor And Parker Coffin To Global Surf Team
Smith has added Conner and Parker Coffin to its team of surf athletes.
National Park Service Visitation Tops 318 Million In 2018
Visitation to America’s national parks in 2018 exceeded 300 million recreation visits for the fourth consecutive year. The 318.2 million recreation visits total is the third highest since record keeping began in 1904.
Bogs Sees Revenues Rebound In 2018
Wrapping up a bounce-back year, Bogs saw sales surged 34 percent in the fourth quarter to wind up ahead 10 percent in the year. The brand finally benefited from timely winter weather while also finding success extending into non-winter styles.
Kohl’s Seeing Share Gains In Active, Adding Nike Plus-Sizes
Kohl’s Corp said it continued to see strong momentum across its Active categories in the fourth quarter. The retailer also said that its test of expanded Active areas will be extended to 160 stores and Nike plus-size offerings will arrive this spring.
Bogs Revenues Jump 34 percent In Q4
Weyco Group Inc. reported wholesale revenues at Bogs jumped 34 percent in the fourth quarter. Overall sales were $89.6 million, an increase of 12 percent compared to fourth quarter 2017 net sales of $80.3 million.
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