SGB Executive Outdoor
Amer Sports Wages Through A Tough Q2
Amer Sports lost only €14.7 million during the second quarter ended June 30 despite company closings in the sporting goods industry.
Cabela’s Delivers First Quarterly Comp Gain in More Than Two Years
Cabela’s Inc., which is reportedly entertaining a merger with Bass Pro, reported second-quarter earnings that came just short of Wall Street’s targets. But management said aggressive price and promotion approach helped the hunt & fish retailer show its first quarter of positive comparable store sales since the third quarter of 2013.
U.S. Expansion Fueling Moncler’s Growth
Revenues grew 23 percent in the Americas in the first half, as the luxury outdoor brand added its 13th U.S. store as well as shops inside finer department stores.
Lafuma Group Sees Tough Sledding Ahead After Strong 1H
Sales of Lafuma Group’s Millet, Eider and Lafuma mountain sports products grew 11.0 percent in the first half despite Europe’s warm winter, which will make for tough sledding in the back half.
GoPro Sales Sliced in Half, Swings to Q2 Loss as it Cleans Up Inventory
The numbers were ugly, but Wall Street saw promise in a battered GoPro stock lifting it more than 10 percent July 28 after its second-quarter earnings results.
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.
Wolverine World Wide’s Q2 Encourages Investors
Wolverine World Wide Inc.’s stock surged Tuesday after it reported second quarter results and said it is nearly ready to sell underperforming brands.
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.
Bankruptcies, MAP Hurt Oakley, Ray-Ban in U.S.
Luxottica Group lowered its guidance to reflect the impact retail bankruptcies and a new MAP policy are having on U.S. sales of its Oakley and Ray-Ban brands.
VF Corporation Cuts Forecast as Retailers Dial Back
VF Corporation lowered the full-year outlook for its flagship Outdoor & Action Sports Coalition amid very conservative ordering by U.S. retailers.
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).
Thule’s U.S. Sales Stall Amid Retail Turmoil
Retail bankruptcies and weak bike sales in the United States slowed Thule Group’s growth to a crawl in the Americas in the second quarter ended June 30.
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.
Big 5, Walmart Poised to Pick Up Sports Authority Sales
Big 5 Sporting Goods and Walmart emerged as the biggest potential beneficiaries of Sports Authority’s demise based on an analysis of foot traffic.
