The action-camera company’s third quarter sales fell 39 percent and earnings took a hit on lower margins. It expects to return to profitability in 2017.
Category: Outdoor
Balega Partners With Achilles International
Balega International, the producer of performance running socks, partnered with Achilles International to help disabled athletes compete in the 2016 TCS New York City Marathon.
Arc’teryx Partners With Exum Mountain Guides
Along with outfitting more than 70 professional guides with Arc’teryx apparel, the partnership will include a scholarship program that offers support for guide development.
Amer Sports Gets New Americas GM
The parent company to Wilson, DeMarini, Louisville Slugger, Salomon, Arc’teryx, Atomic, Suunto, Mavic and Enve brands promoted Bill Kirchner to vice president and general manager – Americas.
Growing Summer Visits Cut Intrawest’s Losses
Rising visits for hiking, biking and other summer mountain outdoor activities is helping the highly seasonal business of ski resorts cut losses during the warm-weather months.
Flat Sales, Rosy Outlook At Fox Factory’s Bicycle Segment
Company executives expect bike manufacturers to buy more of its Fox forks and shocks and Race Face and Easton components, despite a slowdown in the dealer market.
The North Face Donates $10K To Big City Mountaineers
The gift will help introduce underprivileged urban youth to the outdoors through wilderness mentoring experiences.
Ibex To Share DTC Revenue With Retailers
The outdoor merino wool apparel brand will share 10 percent of all ibex.com direct-to-consumer sales within specified local regions with participating retailers.
Intrawest Resorts Narrows Q1 Loss
The slight improvement reflected strong summer visitation at resorts and diligent management of expenses.
Fox Factory Raises Guidance On Above-Plan Q3
Adjusted earnings rose 14.5 percent on a 2.7 percent gain, with growth seen across its powered vehicle segment.
Wolverine Unveils Customizable Boot Program
Wolverine, the flagship brand of Wolverine Worldwide, introduced Wolverine Workshop, a new customization service allowing customers to design their own Wolverine 1000 Mile Boots online.
Fitbit Outlook Falls Short, Stock Tumbles
With its growth and profits slowing and an outlook below expectations, Wall Street pummeled the fitness tracking company’s stock in afterhours trading.
Lew’s Fishing Acquired By Peak Rock Capital Affiliate
Headquartered in Springfield, MO, Lew’s supplies branded fishing products for mass market retailers, sporting goods chains and specialty outdoor retailers.
Stio Opens ‘Mountain Studio’ Retail Store In Teton Village
The Jackson Hole, WY-based mountain apparel brand will open a shop at the base of the ski resort for the holiday season.
Nominations Open For Outdoor Inspiration Awards
The event, set for January 11, 2017 during Outdoor Retailer Winter Market, celebrates passion, dedication and inspiration within the outdoor industry.
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