Canada Goose Shares Soar On IPO Debut
The IPO offering of 20 million shares was priced at CA$17, or about U.S.$12.78 and opened at U.S.$18.05 in trading on the New York Stock Exchange. By late Thursday afternoon, shares had settled to close at U.S.$16.08, up 25.8 percent from its IPO price.
GoPro’s Shares Jump On Job Cuts, Raised Expectations
GoPro shares were up nearly 15 percent in late-trading Thursday after the company announced cost-cutting measures and forecast first-quarter earnings at the high end of guidance.
Merrell Sets Work And Tactical Footwear Launch
Merrell said its first line of work and tactical footwear will be available exclusively on merrell.com beginning March 15, 2017 as well as at key retailers in the U.S.
Vista Outdoor Names New Treasurer
The company’s current Vice President, Controller and Treasurer, Thomas G. Sexton, has announced his intention to retire after a 31-year career.
Gander Mountain Details Liquidity Crisis
In an affidavit urging the U.S. Bankruptcy Court District Of Minnesota to support its financing needs, Gander Mountain indicated that it has accumulated “substantial operating losses over the past two fiscal years” as a result of many of the challenges faced by other chains entering bankruptcy proceedings over the last year.
Textile Exchange, NSF International To Create One Global Down Standard
The single down standard will combine and improve the attributes from each of the current standards, which will result in best practices that respect the treatment of birds throughout the down supply chain.
Camping, Firearms, Classic Footwear Drive 2016 Sporting Goods Revenues
Camping, firearms, classic footwear, soccer and lacrosse were among the strongest selling categories for the sporting goods industry last year, according to the just-released 2017 Sports & Fitness Industry Association (SFIA) Manufacturers’ Sales by Category Report.
Umarex USA Names New President
Richard Turner is a 10-year veteran of Umarex USA and since 2006 served as vice president of sales and marketing.
LaserMax Names New CFO
Daniel Maier has more than twenty years of experience in operations, finance and accounting roles.
Ergo Grip Names New COO
Dennis Milinazzo was most recently operations manager.
Victorinox Swiss Army Appoints President Of North America
Hilary Hartley was most recently vice president of Oakley North America.
Gander Mountain To Close 10 Texas Stores
Gander Mountain will close 10 stores in Texas as part of its announced closing of 32 stores in bankruptcy proceedings. Multiple stores will also close in Alabama, Georgia, Illinois and Minnesota.
Gander Mountain Lands In Bankruptcy Court
Said Gander Mountain in a statement. “Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce.”
Gander Mountain Files For Chapter 11
Gander Mountain Co., as expected, filed for bankruptcy in U.S. Bankruptcy Court for the District of Minnesota. The hunt & fish specialist plans to close 32 of its approximately 160 stores in coming weeks but is in active discussions with a number of parties interested in a going-concern sale.
Aisle Talk, Week Of March 6
Top headlines from the active lifestyle industry you may have missed this week.
