Vista Outdoors’ Debt Ratings Lowered To Negative Outlook
Moody’s Investors Service downgraded Vista Outdoors, Inc.’s outlook to negative from stable, and affirmed the company’s Ba2 Corporate Family Rating (CFR) and the Ba2-PD probability of default rating.
L.L.Bean Weathers Boycott Threats
Apparently skirting any major impact from calls for a boycott over political contributions, L.L.Bean was able to deliver sales in 2016 that were flat against the prior year.
L.L.Bean Reports Flat Sales For 2016
L.L.Bean announced sales in 2016 were $1.6 billion, up slightly from the prior year. The L.L.Bean family and board of directors approved payment of a 3 percent discretionary cash performance bonus to approximately 6,000 eligible employees.
MC Sports To Wind Down Headquarter Operations Starting March 31
While still seeking a buyer for the business as a going concern as part of its bankruptcy recovery efforts, MC Sports plans to wind down operations at its headquarters and distribution center starting March 31.
Aisle Talk, Week Of March 13
Top headlines from the active lifestyle industry you may have missed this week.
FeraDyne Outdoors Acquires Eastman Outdoors
Eastman Outdoors brands include Carbon Express, Gorilla Gear and Eastman Outdoors.
Wolverine Brand Appoints Sales And Marketing Leaders
Wolverine, the flagship brand of Wolverine Worldwide, appointed John Estes as vice president of global sales and Andy Shripka as vice president of marketing.
Canada Goose Goes Public
Shares of Canada Goose debuted above its projected range in its initial public offering and flew upward in its first day of trading.
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.
