SGB Executive Outdoor
Bass Pro Provides Update On Cabela’s Future In Sidney, NE
In a note to the media on Thursday, Bass Pro said 680 of Cabela’s corporate employees had applied for a voluntary buyout plan and that 290 would be leaving the company this week. A full-page ad in the Wall Street Journal also went out to support Bass Pro’s goal of donating any unused space in Cabela’s offices to bring jobs to the city of Sidney, NE. Full details here.
Dorel Sports Returns To Growth In Q4
”Despite a continued weak global bicycle market, Dorel Sports grew its top-line in Q4 improving considerably from the third quarter driven by strong performance in Cycling Sport Group (CSG)’s international business, and at Caloi,” said Martin Schwartz, CEO of Dorel Industries.
Aisle Talk, Week of March 5
Top headlines from the active lifestyle industry you may have missed this week.
Bogs Q4 Hurt By Warm December And Retailer Caution
Impacted by a warm December and general cautiousness by retailers around replenishing out-of-stocks, Bogs sales fell 10 percent in the fourth quarter and 9 percent for the year.
The Walking Company Returns To Bankruptcy Court
Blaming the challenges selling third-party wholesale brands with the rise of online selling as well as losing rights to sell Ugg, The Walking Company (TWC) filed for bankruptcy the second time in less than a decade.
Americas Stars For Crocs In Q4
Crocs’ sales in the Americas region soared 13.6 percent in the fourth quarter. Wholesale revenues jumped 29.1 percent, driven by at-once sales as consumers continued to purchase clogs and sandals despite winter weather, and retailers restocked shelves.
Aisle Talk, Week of February 26
Top headlines from the active lifestyle industry you may have missed this week.
TJX Takes Impairment Charge For Sierra Trading
The TJX Cos. took an impairment charge of 10 cents a share, or about $64 million, against fourth-quarter earnings for Sierra Trading Post due to a decrease in projected revenue growth rates.
Gander Outdoors Openings Off To Heathy Start
Camping World said the opening of its first Gander Outdoors locations are off to a good start. Officials also estimated that its overall Outdoor and Active Sports business segment – also including Overton’s, TheHouse.com, Uncle Dan’s, W82, and Erehwon – will bring in $400 million in revenue in 2018.
Big 5’s Q4 Blasted By Warm Winter Out West
Said CEO Steve Miller on a conference call with analysts. “While much of the country has endured often extreme winter weather conditions over the past few months our western U.S. markets have experienced significantly warmer than normal weather and one of the driest periods on record.”
Hibbett’s Blows Past Guidance
Particularly benefitting from the quick ramp-up of e-commerce operations, Hibbett Sporting Goods reported preliminary fourth-quarter earnings that handily eclipsed Wall Street’s targets.
Billabong Sees Americas Flattening In Spring Half, Overall Struggles Rally Calls For Merger
Following robust improvement in the first half ended December 31, Billabong International expects the Americas region “to level out in the second half as it cycles tougher comparables and operational improvements.”
The Fēnix Stars For Garmin
While the Fitness segment continued to struggle to overcome the maturity of the basic activity trackers space in Q4, Garmin’s Outdoor segment remainS on fire, led by the Fēnix line of adventure watches.
Wolverine Worldwide’s Q4 Boosted By Improved Margins
Boosted by fatter gross margins, Wolverine Worldwide reported adjusted earnings per share in the fourth quarter of 41 cents per share, a 20 percent increase over the last year. Underlying growth of 1.7 percent. Eighteen percent growth at Merrell and nearly 30 percent at Chaco helped offset declines in the low double digits at the flagship Wolverine brand, high single digits at Sperry and mid-single digits at Saucony.
Rocky Brands Sees Wholesale Brands Return To Growth In Q4
Work and western boots both grew double-digits in the fourth quarter. Hunting sales increased modestly year-over-year added in part by cold weather throughout much of the fourth quarter and a decision earlier last year to implement more aggressive pricing.
