SGB Executive Outdoor

Garmin Ups Outlook on Robust Wearables Sales

Garmin Ltd. said double-digit growth at its Fitness and Outdoor segments enabled it to blow past Wall Street estimates in the second quarter and raise its guidance for the full year.

Shimano Corp. Slashes 2015 Guidance

Shimano Corp. expects sales to fall twice as fast this year than it did three months ago due to a global oversupply of bicycles.

Accell Group’s Results Charged Up By E-Bikes

Accell Group N.V. reported sales rose 9.7 percent in its first half ended June 30, to €629.7 million ($690.5 mm), boosted by sales of electronic bikes. Profits expanded 6.6 percent to €34.0 million ($37.3 mm).

Skechers Q2 Bogged Down by Domestic Sales Weakness

Strong double-digit growth from its international business and company-owned retail channel couldn’t offset a myriad of financial and logistical challenges in the second quarter for Skechers USA.

Aisle Talk, Week of July 18

A quick hit of the industry’s movers and shakers this week — hires, promotions, recognitions and new locations.