West Marine Optimistic For Rest Of 2017, Despite Q1 Loss
Matt Hyde, president and CEO of West Marine said during a conference call that the company was satisfied with sales through the first part of March, but then the northeast experienced a series of snowstorms that negatively impacted the results of their Spring Super Sale. The company was forced to close 42 locations due to the inclement weather.
Under Armour’s Shares Jump As Q1 Loss Less Than Feared
Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.
NSSF Praises Passage Of Sunday Hunting Law In West Virginia
The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, applauded West Virginia Gov. Jim Justice’s signing of of SB 345 into law, expanding Sunday hunting on private land with written permission.
West Marine Logs Q1 Loss
West Marine Inc. reported first quarter 2017 net revenues were $129.1 million, a decrease of 1.0 percent compared to the same period last year. Comparable store sales were flat.
Academy Can’t Sidestep Industry Pressures
Unable to shrug off the many challenges facing the sporting goods channel, Academy Sports + Outdoors’ same-store sales slid in the low-single-digit range and management-adjusted EBITDA dropped 23 percent in 2016.
Report: Sportsman’s Warehouse Steps Up As Bidder For Gander Mountain
Sportsman’s Warehouse is planning to make a bid in bankruptcy court to acquire up to 80 percent of Gander Mountain’s stores, sources told Bloomberg.
L.L.Bean To Open In Park City
The store will mark L.LBean’s first in Utah and its westernmost location.
Aisle Talk, Week Of April 17
Top headlines from the active lifestyle industry you may have missed this week.
Rocky Brands Sees Profits Rebound
Said Mike Brooks, chairman and CEO, on a conference call with analysts, “While the retail environment remains challenging, many of our accounts started the year with improved inventory positions, which have created better at-once opportunities for certain of our product lines.”
Canada Goose To Open Store In Chicago
Canada Goose is planning to open a two-level store in the Park Hyatt hotel in Chicago, according to the Chicago Tribune.
Rocky Brands Q1 Profits Rebound
Rocky Brands Inc. reported a surge in earnings in the first quarter as sales rose 9.6 percent to $57.5 million.
Bass Pro, Cabela’s Recast Deal To Appease Regulators
Shares of Cabela’s Inc. shot up $3.84, or 7.2 percent, to $57.53 Tuesday after it announced a two-step deal that eases one step in securing regulatory clearance for its mega-merger with Bass Pro.
Leatherman Launches Tool Tales Campaign
The manufacturer of multi-tools is showcasing real-life moments from fans depicting how Leatherman tools have helped them save the day in harrowing to hilarious ways.
Bass Pro Lowers Bid For Cabela’s
Cabela’s announced that it has amended the terms of the definitive merger agreement signed on October 3, 2016, under which Bass Pro Shops will acquire Cabela’s.
Guidefitter Selects Gray Loon Marketing
Gray Loon’s foundation is built on digital marketing, and will work with Guidefitter to develop a fresh approach, implementing public relations strategies to provide news in an ever-changing, interactive landscape.
