GoPro reported fourth-quarter sales that fell short of expectations and provided a weak revenue guidance for the first quarter, but management remained optimistic that it will return to profitability this year.
Category: Outdoor
Deckers Profits Dragged Down By Sanuk Write-Down
Deckers Brands cut its guidance while reporting a sharply lower quarterly profit on lower sales during the holiday period and a write-down of its Sanuk sandals brand.
Yeti Resolves RTIC Coolers Lawsuits
The cooler and drinkware brand shared that a binding settlement had been reached in the United States District Court lawsuits brought against RTIC Coolers and brothers John and Jim Jacobsen.
Rossignol Acquires Felt Bicycles
Felt Bicycles designs and engineers its own proprietary branded bicycles, framesets, components and accessories, which are distributed directly or through its global distribution partners.
Johnson Outdoors Sees 10 Percent Q1 Gain
Gains in fishing and diving in the seasonally slow first fiscal quarter ended December 30 offset declines in the camping and watercraft recreation segments.
GCI Adds Talent To Product Team
GCI Outdoor announced the addition of Stephen Ciccarelli, Evelyn Tan and Paul Crotty to their growing team. The trio will be filling the roles of director of product development, product development engineer and industrial designer, respectively.
Deckers Brands Q3 Falls Well Short Of Guidance
Deckers Brands’ earnings were impacted by a charge of $118 million for write-downs at Sanuk, as well as other restructuring charges and a slow start to the holiday season.
Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Salomon Launches Trail Running Video Series
The 10-part series follows three runners — two of them Salomon employees — as they prepare to take on their first trail running race.
Columbia, REI CEOs Denounce Trump Travel Ban
Tim Boyle and Jerry Stritzke joined the growing ranks of executives responding to President Trump’s executive order banning travel to the U.S. from seven Muslim-majority countries.
Pearl Izumi Sponsors Old Man Winter Bike Rally
The third annual Old Man Winter Rally will collect funds for Can’d Aid Foundation, a nonprofit aimed at rebuilding flood-damaged hiking and biking trails.
Sports Direct Exploring Bankruptcy Bid For Bob’s, Eastern Mountain Sports
Sports Direct International Plc, the U.K.’s largest sporting goods chain, is in discussions to become the stalking horse bidder in a bankruptcy auction of Eastern Outfitters LLC, the parent of Bob’s Stores and Eastern Mountain Sports, according to Reuters.
Allied Feather & Down Teams Up With POW
The producer of down and feather insulation will donate 1 percent of the total sales from its HyperDry water-resistant down to POW, starting immediately.
Dick’s To Open Second New York City Store
Dick’s Sporting Goods is planning to open a new location in Forest Hills in March.
Ugg Sponsors the 2017 Santa Barbara International Film Festival
Ugg will welcome over 90,000 people to its hometown of Santa Barbara, California this week as the presenting sponsor of the 32nd annual Santa Barbara International Film Festival (SBIFF).
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