Canada Goose Opens Two International Flagship Stores
Continuing its global expansion, Canada Goose Holdings Inc. will open two flagship stores this fall, in London and Chicago. At the same time, the company announced the expansion of its e-commerce channel to seven European markets.
Vista Outdoor’s Q2 Earnings Tumble
Vista Outdoor Inc. reported a steep decline in profits in the second quarter ended March 31 due to an “unprecedented decline” in demand for firearms and ammunition and a number of restructuring initiatives. Revenues were down 5 percent.
Sturm, Ruger Sees Sales Through Independent’s Slide
The firearms giant said it encountered lower overall retailer demand as some retailers committed inventory dollars to certain product categories such as modern sporting rifles in the third and fourth quarters of 2016 in advance of the November elections.
Wolverine’s Shares Climb On Upbeat Q1 Results
Among its major brands, Merrell grew low single-digits, Sperry was down low-double digits and Saucony was off mid-single digits.
Timberland Names VP, General Manager Of North America
Most recently, Tracy Smith served as president of U.S. operations for Geox, where he was responsible for managing the brand’s wholesale, retail and e-commerce businesses. Prior to Geox, Smith spent nearly 20 years at Cole Haan.
Sovereign Sportsman Partners With Arkansas Game And Fish Commission
Sovereign will oversee all associated harvest reporting, system administration, back office functionality and all internal reporting solutions.
Sturm, Ruger’s Q1 Revenues Slide 3.3 Percent
The estimated unit sell-through of the company’s products from the independent distributors to retailers decreased 7 percent in the first quarter of 2017 from the comparable prior year period.
Camping World Owner Vows To Revive Gander Mountain
Marcus Lemonis, chairman and CEO of Camping World, has pledged to bring back at least 70 Gander Mountain locations. He expects the chain will greatly benefit from lease renegotiations, a merchandise overhaul and localizing assortments by market.
GOB Sales Start At Gander Mountain
Inventory liquidation sales are now under way at all Gander Mountain store locations. As reported, Camping World has agreed to acquire a minimum of 17 stores and expects to reopen locations following the liquidations.
Aisle Talk, Week Of May 1
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Launches “For All. For Less” Campaign
The three 30-second broadcast spots are rooted in the idea that the joy of sports and the outdoors should be accessible to everyone.
Cabela’s Q1 Benefits From Expense Cuts, Credit Strength
Cabela’s not surprisingly saw earnings and sales decline in the first quarter as a result of an industry-wide downturn in firearms sales following the election of Donald Trump. But expense-containment efforts and healthy results from Cabela’s CLUB Visa program helped the retailer exceed Wall Street estimates.
Winchester’s Revenues Impacted By Surprise Election
John Fischer, chairman, president and CEO, said, “Customers reduced their inventory that had been built ahead of the November 2016 Presidential election, in anticipation of a different election outcome. We expect this impact to continue through the second quarter.”
Cabela’s Q1 Same-Store Sales Fall 8.9 Percent
Cabela’s reported first-quarter earnings decreased 16.7 percent as consolidated comparable store sales decreased 8.9 percent.
Winchester’s Sales Slide 11.5 Percent
Olin Corporation reported Winchester sales for the first quarter were $162.6 million compared to $183.7 million in the first quarter of 2016
