“With respect to the work, western and hunting boot categories, 2017 is off to a better start than 2016, thanks to more operable weather conditions combined with easier comparisons,” said CEO Mike Brooks on a conference call with analysts.
Category: Outdoor
Aisle Talk, Week Of February 13
Top headlines from the active lifestyle industry you may have missed this week.
MC Sports Appoints Liquidators
A joint venture between Tiger Capital Group and Great American Group will conduct the going-out-of-business sale, which is now underway.
FGL Sports Delivers Another Banner Year
Duncan Fulton, president, FGL Sports, said on a conference call with analysts, “There is a lot of optimism and opportunity right now to get more out of the assets that we already have.”
VF Issues Soft Guidance For 2017
VF Corp. reported fourth-quarter earnings were down, in line with guidance. Among its major brands in the quarter, North Face was down 8 percent, Vans grew 14 percent, and Timberland gained 4 percent. The company provided a weak outlook for 2017.
Outdoor Retailer To Leave Salt Lake City
After an unproductive meeting between Gov. Gary Herbert and outdoor industry executives, the Outdoor Industry Association (OIA) says it hopes to find a new location for the Outdoor Retailer shows “as soon as possible.”
Keen Adds Filmmaker And Professional Snowboarder Zeppelin Zeerip As Ambassador
Keen Inc. added Zeppelin Zeerip, a filmmaker and professional snowboarder, to its ambassador program.
Chaco Presents ‘The Time Travelers’ Film
Chaco will premiere its feature film, “The Time Travelers” by renowned creatives Forest Woodward and Brendan Leonard, at select REI stores in March.
Rocky Brands Posts Q4 Loss On Creative Recreation Charge
The fourth quarter of 2016 included a non-cash impairment charge related to the Creative Recreation brand of $3 million.
Moosejaw Eyes Massive Outdoor Opportunity In Walmart Partnership
Moosejaw CEO Eoin Comerford told SGB that Moosejaw will now oversee the outdoor category across all Walmart’s online properties – Walmart.com, ShoeBuy.com and Jet.com.
Canada Goose Looks To Ramp Up Expansion With IPO
In its IPO prospectus, Canada Goose said it plans to continue its rapid growth by expanding into the Mid-Atlantic, Midwest and Pacific Northwest, moving into categories from knitwear to bedding and expanding online with its own stores and overseas.
Cabela’s Inc. Shares Slide Further On Weak Q4
Shares of Cabela’s Inc., already down this year due to concerns over the completion of its merger with Bass Pro, slid some more on Thursday after the hunt & fish specialist reported fourth-quarter earnings that came in short of expectations.
Shimano Group’s Q4 Impacted By Cycling Weakness
Shimano Group saw operating earnings in the fourth quarter slide 19.6 percent to ¥16.1 billion while net sales dropped 11.4 percent to ¥81.3 billion.
FGL Sports Sees 5.1 Percent Q4 Comp Gain
Canadian Tire reported same-store sales at its FGL Sports segment grew 5.1 percent in the fourth quarter. Comps at Sport Chek climbed 4.9 percent.
Cabela’s Q4 Profits Slide
Cabela’s Inc., which has reached an agreement to merge with Bass Pro, reported earnings 26.3 percent in its fourth quarter ended December 31 as sales fell 4.9 percent. U.S. comparable-store sales decreased 6.4 percent.
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