Healthy double-digit growth its outdoor, marine and aviation segments helped offset slowing sales in its fitness and automobile to help Garmin Ltd. exceed Wall Street’s targets in the first quarter. Garmin also indicated its advanced wearables with GPS capability continued to perform well.
Category: Outdoor
W.L. Gore Kicks Off ‘Don’t Think About Gore-Tex’ Campaign
The campaign uses light painting to illustrate how beauty and creativity can be found in unexpected places.
Lift23, Summit Ski And Snowboard Donate Socks To Cradles To Crayons
Cradles to Crayons provides children living in homeless or low-income situations with the essential items they need to thrive at home, at school and at play.
LifeStraw Appoints Head Of Marketing
Matt DeWitte brings more than 15 years of experience with consumer brands including Boxed Water is Better, Dansko, Ford Motor Company, L.L. Bean, Timberland and Wolverine Worldwide brands including Chaco and Merrell.
Cabela’s Q1 Benefits From Expense Cuts, Credit Strength
Cabela’s not surprisingly saw earnings and sales decline in the first quarter as a result of an industry-wide downturn in firearms sales following the election of Donald Trump. But expense-containment efforts and healthy results from Cabela’s CLUB Visa program helped the retailer exceed Wall Street estimates.
Cabela’s Q1 Same-Store Sales Fall 8.9 Percent
Cabela’s reported first-quarter earnings decreased 16.7 percent as consolidated comparable store sales decreased 8.9 percent.
Fox Factory’s Q1 Sales Jump 32.6 Percent
Fox Factory Holding Corp. reported earnings more than tripled in the first quarter ended March 31 on a 32.6 percent revenue gain.
Hydro Flask Signs On As REI Outessa Sponsor
Hydro Flask will be the Official Water Bottle and Drinkware partner of the event, and participants will receive a limited edition bottle engraved with an Outessa logo.
Black Diamond Beefs Up Marketing And Operations Teams
The producer of active outdoor performance equipment and apparel appointed James Atkin as its director of brand management, Matt Bluher to the newly created position of director of retail and visual merchandising and Andy Earl as photo editor.
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
L.L.Bean To Open Third Retail Store In Connecticut
L.L.Bean plans to open a store in New Haven, CT in the summer of 2018.
Raleigh Owner Accell Breaks Off Takeover Talks With Bidder Pon Holdings
Accell Group announced it will currently not continue the exploratory discussions with Pon Holdings offer to acquire the company.
Icebreaker Appoints CEO
Smith is currently general manager responsible for New Zealand and Australia for Icebreaker and will succeed Rob Fyfe as chief executive officer on June 1.
Bogs Sales Drop Double-Digits In Q1
Bogs’ first-quarter net sales were down 21 percent, reflecting the continued softness in the outdoor and better footwear channels.
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