Academy Ltd., dba Academy Sports + Outdoors, will open the company’s first stores in Matthews, NC and Winston-Salem, NC, this summer. The company recently opened the first store in New Bern, NC, last month.
Category: Outdoor
Fitness And Outdoor Drive Garmin’s Q1 Growth
Powered by robust gains in its Outdoor, Fitness and Aviation segments, Garmin Inc. reported sales climbed 10.8 percent in the first quarter.
The Fēnix drove Outdoor and the new Forerunner launch helped lift Fitness.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
Oboz Hires Marketing Manager
Oboz Footwear’s marketing team has grown with the addition of Judd Salvas in the newly created position of marketing manager.
April M&A Roundup: What’s In Store For Volcom?
April was relatively quiet with fewer notable deals in the sporting goods, outdoor and lifestyle brand verticals, but some large companies such as Columbia and Nike acquired growth while some brands such as Volcom were put on the market.
Big 5 Wacked By Weather Woes In Q1
Big 5 Sporting Goods reported that a lack of cold weather crushed its winter business early in the first quarter while the arrival of chilly weather restrained its spring business later in the quarter.
Garmin Sees Double-Digit Earnings Growth In Q3
Garmin Ltd. reported operating earnings rose 21.5 percent in the first quarter. Sales climbed 10.8 percent, led by gains of 24 percent in the company’s Outdoor segment, 20 percent in Fitness and 19 percent in Aviation.
Outdoor & Sports Company Bolsters Sales Team
Outdoor & Sports Company Inc., subsidiary of Mountain Equipment, Bridgedale and Hilly products, announced that the company has added two new sales agents to their team.
Starboard Releases Presentation On Newell
Starboard Value LP, which owns approximately 3.8 percent of Newell Brands, announced that the company has released a detailed presentation outlining the opportunity to create meaningful value at Newell.
Vista Outdoor To Exit Firearms, Sports Protection And Paddle Boards
On a conference call with analysts, Christopher Metz, CEO of Vista Outdoor, explained the strategy behind the company’s decision to focus on brands within four distinct categories, ammunition, hunting/recreational shooting accessories, hydration bottles and packs and outdoor cooking products, while divesting Bell, Giro, Blackburn, Jimmy Styks and Savage and Stevens firearms.
Big 5’s Sales Tumble In Q1
Big 5 Sporting Goods Corp. reported first-quarter loss as gross margins eroded 200 basis points and same-store sales fell 7.5 percent. The sales decline was due to warm and dry weather conditions in the western states. The results were in line with guidance given in February.
Osprey Appoints New Hires
Osprey Packs welcomed a new vice president of operations, new directors of design and production and hired a vice president of innovation.
Deckers Brands Appoints William L. McComb To Board
Deckers Brands appointed William L. McComb to its board of directors.
Vista Outdoor To Explore Divestitures On Non-Core Brands
Vista Outdoor Inc. reported that the company plans to explore the divestiture of the Sports Protection brands (e.g. Bell, Gir, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms as part of a strategic business transformation plan.
Thule’s Q1 Profits Climb 12 Percent
Thule Group AB reported first-quarter earnings jumped 11.9 percent to SEK 220 million as revenue improved 5.6 percent to SEK 1.6 billion.
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