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.
Category: Outdoor
Canada Goose Files For IPO In New York And Toronto
According to its prospectus, revenues grew at an annualized rate of 38.3 percent from 2014 to 2016.
Colorado Group Looks To Lure Outdoor Retailer Show
An ad in that ran in the The Salt Lake Tribune and Deseret News read, “We have stronger beer. We have taller peaks. We have higher recreation. But most of all, we love our public lands.”
January Retail Sales Expand 3.8 Percent
Sporting goods stores’ sales increased 1.8 percent seasonally adjusted over the previous month and decreased 3.7 percent unadjusted year over year.
Patagonia Forms Research Partnership With HeiQ
The partnership will explore ways for a sustainable textile finishing technology to achieve high-performance breathable and durable water repellence (DWR).
GU Withdraws From OR, Adds Interbike To Debate
“GU will not attend any tradeshow, Interbike included, that moves to Utah while its public policy remains inimical to GU core values,” stated a company representative.
Gander Mountain Downplays Bankruptcy Speculation
Gander Mountain issued a statement noting that it had retained Houlihan Lokey as independent advisors as part of a review process, but also inferred the hiring wasn’t tied an imminent bankruptcy filing.
MC Sports Looks For Rebirth Amid Liquidation
In two diametrically opposed maneuvers, MC Sports is planning to quickly hold going-out-of-business sales at all its locations while also feverishly seeking a buyer or investor to avoid an all-out liquidation.
VF Corp. Adds To Board Of Directors
The branded lifestyle apparel, footwear and accessories company elected Carol L. Roberts and Benno Dorer as board directors, effective February 14, 2017.
Suunto Names U.S. Endurance Community Manager
The producer of sports watches, dive computers and precision instruments, appointed Nat Harward as endurance community manager in the U.S.
Walmart Acquires Moosejaw
Walmart has acquired Moosejaw, a leading online outdoor retailer, for approximately $51 million.
Gander Mountain Retains Houlihan Lokey In Review Process
The privately-held firm said it issued the statement because “recent speculative news articles” had caused concern among its partners.
Nike and Under Armour Top MC Sports Unsecured Creditors List
The list of the top 20 unsecured creditors of MC Sports reads like a who’s who of the sporting goods industry. The largest sums were owed to Nike, $3.81 million, and Under Armour, $2.45 million.
NRF Sees Imports Picking Up
Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
MC Sports Files For Bankruptcy
MC Sports, the Michigan-based sporting goods chain, filed for Chapter 11 bankruptcy Tuesday. The company is moving to hold liquidation sales at all of its 68 locations, but will use the reorganization to seek a rushed alternative funding or to find a buyer that might keep the stores open.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal