Sales were brisk in the second quarter for both vendors and retailers in the outdoor industry. However, margins contracted during the period, forcing declines in profits and return on sales. Inventories grew at nearly the pace of sales on a consolidated b
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Forzani Group Fiscal Q2 Hurt by Renovations; Q3 Off to a Good Start
Forzani Group Ltd. reported a 72% drop in second quarter profit as cool and wet summer weather, a tough economy and store renovations hurt results. Renovations at a number of key locations had a huge impact on sales growth, but management said it feels w
Ocean Minded Names General Manager
Ocean Minded, Inc., which was acquired by Crocs in 2007, has appointed Andrew Palmer to fill the newly created position of general manager. Palmer joins Ocean Minded with more than 20 years of experience in the action sports market. Notably, Palmer was co
WSA Sees Gravitation to Hybrid Footwear
WSA higlighted some key trends for Spring 2009, exemplified by a blurring of the lines between categories and a solid trend toward hybridization. Namely, the WSA has noted a recent gravitation towards hybrid footwear…
OIA Sees Upper End of Market Prospering
Outdoor Industry Association released its retail sales top-line report for May 2008 last week, indicating a strengthening market for outdoor products even as the economy weakens amid higher gasoline prices, a tougher job market and the lowest consumer con
Government Agency Validates Croslite Material
CrocsRX, the medical division of Crocs, Inc., announced the Center for Medicare and Medicaid Services (CMS) has accepted the Custom Cloud model into the diabetic shoe program…
Economic Trends Test Outdoor Industry’s Mettle
While some Americans are clearly shifting down market, worldwide demand for outdoor lifestyle brands like Keen, Merrell, Teva and The North Face remains strong. This, of course, elicits that old industry saw about how the outdoor industry always holds its
Economic Trends Test Outdoor Industry’s Mettle
While some Americans are clearly shifting down market, worldwide demand for outdoor lifestyle brands like Keen, Merrell, Teva and The North Face remains strong. This, of course, elicits that old industry saw about how the outdoor industry always holds its
Bear Takes Hold of Wall Street; Takes a Bite Out of SG…
Based on the performance of public company stocks in the active sports lifestyle industry tracked by Sports Executive Weekly, it does not appear that the sporting goods industry in recession-proof. The industry as a whole roughly matched the decline of th
Snow Boosts Hardgoods in First Quarter…
Deep and lasting snow across much of the country restored gear vendors to profitability in the first quarter, but combined with weakening consumer confidence to push retailers into the red. While sales rose about 13% among softgoods and hardgoods vendors
ITC to Review Ruling in Croc’s Trade Case
The U.S. International Trade Commission said it will
review an administrative judge's finding that five U.S.
companies did not violate trade laws by importing foam
shoes that Croc's alleges infringe two of their patents…
…
Adrenalina Retains Financial Advisor
Adrenalina, the action sports store, has retained investment bank Financo, Inc, a New York investment firm, to assist to explore and pursue strategic alliances to enhance the company’s growth initiatives. Earlier this year, Adrenalina announced an aggress
Industry Vendors Post Surprisingly Strong Q1…
Though the weather was dismal for much of the first quarter and retail seemed to suffer from weak traffic and weaker comps, the picture was much brighter for the active sports lifestyle market’s vendor community. Still, the bright spots here are not expe
The Forzani Group Hurt by Dearth of Winter Gear in First Quarter…
The Forzani Group Ltd. reported that overall same-store sales slipped 2.1% for the first quarter, which led to a net loss for the period ended May 4. The Canadian retailer attributed the decline to low stocks of ski, snowboard and related gear after a bl
Wilson Extends AVP Deal Through 2012 Season
Wilson Sporting Goods Co. has extended its sponsorship with AVP, Inc.. Wilson will continue to be the “official game ball” of the AVP – for both indoor and outdoor games. The long-term deal extends through the 2012 season of the AVP Crocs Tour…
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