By The Numbers, Week Of October 24
The leading figures from this week’s news in the active lifestyle space.
Newell Brands Core Sporting Goods Sales Drop In Q3
Pro forma core sales, which exclude the Winter Sports business that is held for sale, declined 3.2 percent compared with prior year, with growth in Pure Fishing more than offset by declines in Coleman
Columbia Sportswear Slowed By Tepid Wholesale Orders
The company reported rapid growth in direct sales of its Columbia, Prana and Sorel brands and in China could not offset low orders from cautious U.S. retailers.
Bass Pro Skirts Debt Downgrade
Despite “significant integration risks,” Moody’s said it was assured that the strategic benefits of a merger between Bass Pro Shops and Cabela’s outweigh the negatives.
Boot Barn Sees Profit Turnaround In Q2
New merchandise strategies helped the western boot retailer offset the drag of oil and commodity pressures that are affecting Texas, Colorado, Wyoming and North Dakota.
Moody’s Confirms Bass Pro’s Debt Ratings
The debt ratings had been placed under review for a possible downgrade following Bass Pro’s announcement that it planned to acquire Cabela’s.
Cabela’s Moves Ahead With New Store Design
Cabela’s Incorporated will begin construction on a newly designed store in Texas this year even as it awaits approval of its acquisition by Bass Pro Shops.
Boot Barn Posts Profit In Q3
Boot Barn reported a profit against a loss, helped by improving sales and lower expenses.
Why Cabela’s Is Eager For The Bass Pro Merger
In its first financial report since announcing the merger plans, the hunt-and-fish retailer showed that it could benefit from some of the scale that will come with the pending deal.
OpticsPlanet To Carry SB Tactical Brand Products
The site will add the SB Tactical line of Pistol Stabilizing Braces to its technical and high-performance offerings.
Honor Defense Partners With Outdoor Marketing Group
Honor Defense selected Outdoor Marketing Group as its southeastern sales representation.
Rocky Brands Sees Some Stabilization In Q3
The boot manufacturer indicated that inventory levels, which had been inflated due to last year’s warm winter, began to normalize in the third quarter and at-once orders are finally picking up.
Garmin Ltd. Raises Guidance
The company raised its revenue and EPS forecast to reflect better than expected growth at its fitness, outdoor, marine and aviation segments in the third quarter.
Shimano Corp. Net Sales Off 15.7 Through September
The decline from the first nine months of 2016 is due largely to continued high inventories at bicycle distributors in Europe, North America and China.
Mary Cabela Offers Support For Cabela’s Sale To Bass Pro
In the letter made public in a regulatory filing, the widow of Cabela’s founder Dick Cabela said her family “continues to trust the people at Cabela’s to do what is best for the company and everyone involved.”
