Aisle Talk, Week Of October 24
Top headlines from the active lifestyle industry you may have missed this week.
By The Numbers, Week Of October 24
The leading figures from this week’s news in the active lifestyle space.
Brunswick Corp. Stung By Cybex Underperformance
While companywide sales grew 10.2 percent to $1.09 billion in the third quarter, they were lower than internal expectations due to weakness in its fitness segment.
Wilson Doubles Down On Baseball
Wilson President Mike Dowse said the brand sees opportunity to “further address the baseball category at every level of the game.”
Interbike’s First Fall CycloFest Shows Potential
The event’s first trade/consumer hybrid show delivered far fewer retail employees but more consumers than organizers expected.
Planet Fitness’ Comp Sales Keep Rising
Bucking the trend of general weakness in the active lifestyle retail space, Planet Fitness continued to prove that its fitness experience model can outperform.
Bass Pro Skirts Debt Downgrade
Despite “significant integration risks,” Moody’s said it was assured that the strategic benefits of a merger between Bass Pro Shops and Cabela’s outweigh the negatives.
Boot Barn Sees Profit Turnaround In Q2
New merchandise strategies helped the western boot retailer offset the drag of oil and commodity pressures that are affecting Texas, Colorado, Wyoming and North Dakota.
How Much Can Garmin Gain From Fitness?
The GPS brand beat expectations in the third quarter thanks to margin growth from its rapidly growing fitness segment. However, those gains will be hard to sustain.
Why Cabela’s Is Eager For The Bass Pro Merger
In its first financial report since announcing the merger plans, the hunt-and-fish retailer showed that it could benefit from some of the scale that will come with the pending deal.
Puma’s Recovery Gains Further Momentum
Sales in the third quarter jumped 10.8 percent on a currency-adjusted basis, driven by a 17-percent hike in footwear in addition to celebrity partnerships.
Rocky Brands Sees Some Stabilization In Q3
The boot manufacturer indicated that inventory levels, which had been inflated due to last year’s warm winter, began to normalize in the third quarter and at-once orders are finally picking up.
Under Armour’s Weak Forecast Spooks Market
While the sporting goods giant logged a robust third quarter, officials warned that the company’s core apparel growth is slowing.
Oakley, Ray-Ban Q3 U.S. Sales Impacted By MAP, Integration Efforts
No rose-colored glasses here. How the world’s largest sunglasses manufacturer is faring in its goal to clean up inventory and discounting of its products.
Why The North Face And Timberland Are Trimming Inventories
Despite last year’s warm U.S. winter looming large as VF Corp. trimmed its full-year 2016 forecast and reduced inventories, larger forces are also in play, including the recent rash of retail bankruptcies and shifting consumer habits.
