SGB Executive Outdoor
Outdoor Participation Shows Some Recovery
The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report found that 48.8 percent of the U.S. population participated in an outdoor activity at least once in 2016, up from 48.4 percent in 2015.
NSGA Highlights Importance Of Physical Retail
The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.
Study: Over Half of Online Shoppers Prefer Shopping Directly With Brands Over Retailers
The survey of consumers who have visited a brand manufacturer’s website in the past six months found the majority (54 percent) turn to brands over retailers for more comprehensive product information, in addition to enhanced customer service, better prices and more personalization options.
Camping World Lowers Re-Opening Target For Gander Mountain
On its second-quarter conference call, Camping World now says it may reopen as few as 40 former Gander Mountain locations, far short of earlier expectations, due to challenges renegotiating leases. Camping World also confirmed that the re-opened Gander stores will be much smaller than its traditional locations and feature significantly less footwear and apparel.
Aisle Talk, Week Of August 7
Top headlines from the active lifestyle industry you may have missed this week.
FGL Sports To Miss Revenue Goals For 2017
FGL Sports, which includes Sport Chek, is now expected to miss its ambitious growth goals for 2017 due to its sluggish sales through the second quarter, according to its parent, Canadian Tire Corp.
Vista Outdoor’s Q1 Stung By Weakness In Shooting
Vista Outdoor’s revenues slumped 9.8 percent in the first quarter to $568.7 million as a slight gain in its Outdoor Products was offset by a steep decline in its Shooting Sports segment.
Canada Goose Q1 Benefits From Pull-Forward Orders
Said Dani Reiss, president and CEO, on a conference call with analysts, “Many retailers are specifically asking us to accelerate shipments so they can get our product on the floor earlier. We see this as a testament to our belief that Canada Goose is a bright spot for our retail partners.”
Crocs’ Sales Start To Recover
Crocs again showed sharp improvement in earnings in the second quarter as a result of its ongoing efforts to cut expenses and avoid discount selling. More encouragingly, however, sales of its core merchandise are showing signs of picking up.
Wolverine Worldwide’s Transformation Plan Paying Dividends
Most of Wolverine Worldwide’s brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.Among key brands, Merrell’s grew just over mid-single digits, Chaco ahead mid-teens, Saucy up slightly, Wolverine ahead double digits. Sperry was down mid-single digits.
Black Diamond Sees Innovation Driving Robust Back Half
Black Diamond Inc. widened its losses in the second quarter due to stepped-up efforts to jumpstart growth. But its renewed focus on its flagship brand already helped drive top-line growth in the period and officials expect the momentum to continue in the back half of 2017.
Rapha Sold To Sam Walton’s Grandsons
Rapha, the London-based trendy cycling apparel brand, said that U.S.-based RZC Investments, led by Tom Walton with his older brother Steuart, has acquired a majority stake in the company.
West Marine Sees Fatter Margins Offset Lower Q2 Sales
West Marine Inc., which on June 29 agreed to be acquired by a private equity firm, reported basically flat earnings before charges in the second quarter as fewer markdowns offset a small sales decline.
GoPro’s Stock Surges On Upbeat Quarter
GoPro reported second quarter results that came in well above internal guidance, forecast a smaller-than-expected loss for the third quarter, and indicated it was on track to launch the latest version of its flagship camera by the holiday season to all support its goal of returning to adjusted profitability in 2017.
Aisle Talk, Week Of July 31
Top headlines from the active lifestyle industry you may have missed this week.
