SGB Executive Outdoor
Yeti IPO Shows Revenues Bouncing Back
Yeti is taking the company’s second crack at going public after seeing sales plunge 22 percent in 2017 and witnessing a robust recovery so far this year. The slowdown was caused by over-buying by retailers that led to a glut of inventory in the marketplace as well as a challenging retail marketplace, in part caused by the delay in the merger of Bass Pro and Cabela’s and several retailer bankruptcies.
Vail Resorts’ Shares Slip After Q4 Revenue Miss
Shares of Vail Resorts Inc. fell $11.71, or 4.1 percent, to $274.42 at market close Friday after the company reported revenue of $211.6 million for the fiscal fourth quarter ended July 31 missed Wall Street’s revenue target by $1.7 million. The Broomfield, CO-based did beat analysts’ earnings expectations by 18 cents.
Aisle Talk Week of September 24
Top headlines from the active lifestyle industry you may have missed this week, including Amazon opening Amazon 4-star, a new physical store where everything for sale is rated four stars and above, is a top seller or is new and trending on Amazon.com.
Active-Lifestyle Well Represented On The Inc. 5000
Peloton, Bombas, Klymit, Xero Shoes and Hyperice were among a number of companies in the active-lifestyle space landing on The Inc. 5000, the magazine’s annual ranking of the fastest-growing private companies in America.
SGB Executive Q&A: Burton Snowboards CMO Sarah Crockett
Sarah Crockett, Burton Snowboards’ newly appointed chief marketing officer, spoke with SGB this week—her second on the job and third in Burlington, VT—about her new role, balancing Burton’s heritage story with the company’s desire to constantly innovate and the importance of diversity in the boardroom.
Behind The Deal: Peak Resorts Makes Strong Play With Snow Time Acquisition
The move that Peak Resorts Inc. made Monday—the $76 million acquisition of Snow Time Inc. and its three Pennsylvania ski areas—won’t generate the same buzz as deals made by competitors such as Vail and Alterra, but the Wildwood, MO-based company’s purchase does pack plenty of punch. Company executives spoke with SGB about the purchase.
Stifel’s Inaugural Athletic Survey Shows Positive Spending Intentions
Stifel’s inaugural Athletic Apparel and Footwear Consumer Survey points to higher spending intentions for both athletic apparel and footwear in the next six months. Nike not surprisingly ranked as the preferred athletic brand across footwear and apparel categories but Under Armour, Adidas, Champion, New Balance, Vans, The North Face and Skechers are all resonating with key constituencies.
Retail Reports Roundup
Studies arrived last week including Nike dominating apparel brands’ preferences, mixed views on social commerce, AI benefits to supply-chain efficiency, wide-ranging checkout opportunities and free delivery’s expanding appeal as well as another merry holiday forecast.
Aisle Talk Week of September 17
Top headlines from the active lifestyle industry you may have missed this week, including sales growth at Gregory Mountain Products and High Sierra helping Samsonite International S.A.’s financial performance in the six months ended June 30.
SGB Executive Q&A: Mountainsmith President Jay Getzel
Jay Getzel, president of Golden, CO-based gear maker Mountainsmith, spoke with SGB recently about what’s truly important in light of the company’s 40th anniversary, a shift in the way it sells on Amazon and what’s on the horizon for this proudly independent brand.
Industry Voices Grow Louder In Opposition To Trade War
President Trump’s claim that increased tariffs on foreign goods have resulted in an improved business climate for U.S. companies has been widely rejected by representatives of the outdoor, sporting goods and active lifestyle industries, who are growing louder in their opposition to the administration’s escalating trade war.
Should The Outdoor Industry Welcome Selling On Walmart.com?
That was the question explored last week on RetailWire.com, the retail online discussion site, following the launch of Walmart’s Premium Outdoor Store and the consequent revolt after a number of outdoor vendors pulled their product from the site under pressure from outdoor retailers. Panelists were fairly split on the question.
Retail Reports Roundup
Studies arriving last week included a prediction that for the first time ever, more purchases will be made with mobile phones than ever during the upcoming holiday season. Research also found Nike’s chatter among Gen-Z getting louder, consumer reluctance to being targeted via customer segmentation methods, apparel shopping journeys increasingly starting online and the appeal of reward-based promotions and speedy checkouts.
SFIA: Sports Industry On The Mend
The sporting goods industry not surprisingly bounced back in 2017 after a brutal 2016 marked by the liquidation of Sports Authority, according to the 2018 SFIA State of the Industry Report. But the report still finds a cautious outlook for most industry players with many struggling to adjust to the digital disruption of retail.
Aisle Talk Week of September 10
Top headlines from the active lifestyle industry you may have missed this week, including the results of a new poll from Quinnipiac University that shows American voters approved, by a ratio of 49-to-37 percent, Nike’s decision to include Colin Kaepernick in the company’s “Just Do It” anniversary ad campaign.
