SGB Executive Outdoor
Christy Sports Expands Rocky Mountain Reach
Randy England, director of marketing at Christy Sports, told SGB, ”BD allowed us the opportunity to expand our footprint in Telluride and venture into a new market, Taos. They are a respected fixture in specialty ski retail with an outstanding reputation for customer service, like Christy Sports.”
Aisle Talk, Week Of November 6
Top headlines from the active lifestyle industry you may have missed this week.
Gander Mountain’s Return Now Set For 2018
Camping World has delayed the opening of its first Gander Outdoors locations until the first quarter but still expects to open 55 to 65 in 2018. Along with Overton’s, TheHouse.com, and Uncle Dan’s, Camping World expects its acquired outdoor lifestyle businesses to drive “north of $300 million” in revenues by 2019.
Shares of Vista Outdoor Collapse On Impairment Charges, Slashed Guidance
Shares of Vista Outdoor fell $5.19, or 28.1 percent, to $13.24 Thursday after the company drastically cut its earnings guidance for its fiscal year amid more impairment charges while also announcing plans to sell its Bollé, Serengeti and Cébé brands and eliminate the Shooting Sports segment president position.
Canada Goose Boosts Guidance On Blowout Q2
Again benefiting from orders being pulled forward due to strong demand as well as a sterling performance from its direct-to-consumer (DTC) channel, Canada Goose Holdings Inc. reported results in the second quarter ended September 30 that handily topped Wall Street’s targets. The company significantly raised its guidance for both earnings and sales for the year.
Wolverine’s Revenues Continue To Recover
Boosted by an uptick in sales at Merrell and Saucony, Wolverine World Wide reported its second consecutive quarter of underlying growth. Merrill and Saucony grew mid-single digits, Chaco jumped strong double-digits and Wolverine brand gained low-single digits. Sperry was down mid-single digits.
Crocs Profits Recover, Revenues Stagnate
While Crocs’ third quarter showed that its bottom-line to benefit from cost-cutting initiatives and focus on higher-margin sales, top-line growth remains a struggle and management inferred that sales would be flat in 2018.
Black Diamond Sees Climbing Sales Vault 17 Percent In Q3
The climbing gain was driven by newly-launched Momentum rock shoe as well as ropes, climbing accessories, helmets and harnesses. Apparel grew 10 percent, aided by improved fulfillment rates. Ski increased 9 percent,
Aisle Talk, Week Of October 30
Top headlines from the active lifestyle industry you may have missed this week.
VF Doubles Down On Merino Wool With Icebreaker Acquisition
VF Corp. looks to secure a dominant position in the fast-growing natural fiber category while Icebreaker believes it’s found a partner to help it become a $1 billion brand.
Dorel Sports Revenues Plunge In Q3, Eyes Bounce Back In Q4
Dorel Sports’ 18 percent drop in sales in the third quarter was blamed on disruption in the mass channel, rainy weather and the bankruptcy of Toys”R”Us.
Newell’s Play Segment Sees Strong Earnings Uptick
On a conference call with analysts, Michael Polk, Newell’s CEO, highlighted mid-single-digit growth from the Fishing and Team Sports segments although the improved earnings largely reflects the absence of year-ago inventory writeoffs post-acquisition.
Garmin Q3 Boosted By Strong Outdoor Sales
Garmin’s Outdoor segment rose 31.2 percent, led by demand for its fēnix 5 watches as well as solid growth in its inReach devices and subscription services. The Fitness segment decline 11.6 percent, primarily driven by the decline of the basic activity tracker market and the timing of recent product introductions.
Big 5 Gaining Market Share Out West
Shares of Big 5 Sporting Goods jumped on Wednesday after the West Coast-based chain indicated it’s holding onto market share gained from the exit of older competitors (Sports Authority, Sports Chalet) while faring well against a newer competitor (Dick’s).
Bogs Q3 Impacted By Later Winter Deliveries
“As a result of the late winter weather the nation experienced the last two winters retailers continued to bring in inventory later and also maintain conservative models,” said Tom Florsheim, Jr., chairman and CEO of Weyco Group.
