SGB Update Outdoor
Swix Debuts Concept Store In Lake Placid
Swix announced plans to launch its first U.S. retail outlet, its Concept Store, at the Mt. Van Hoevenberg Ski Stadium in Lake Placid, NY.
Skechers Posts Weaker Q4 Profit As Pandemic Takes A Toll On Owned Stores
Skechers U.S.A., Inc. saw 2020 fourth quarter sales decrease 0.5 percent as a result of a 2.8 percent decrease in the company’s domestic sales partially offset by a 1.1 percent increase internationally.
GoPro Inc. Sees Net Loss Expand More Than Four-Fold in 2020 Fourth Quarter
GoPro, Inc. posted revenue of $358 million for the 2020 fourth quarter, representing a 32.3 percent decline from the prior-year quarter. The net loss was $67 million for the period compared to a net loss of $15 million in the prior-year period.
Deckers Brands Posts Solid Fiscal Q3 On Hoka Surge, E-Commerce Jump
Deckers Brands reported that net sales increased 14.8 percent to $1.08 billion compared to $938.7 million for the same period last year. On a constant-currency basis, net sales increased 13.8 percent.
Columbia Sportswear’s Q4 Earnings Decline On Impairment Charges
Columbia Sportswear Company reported earnings in the fourth quarter were down 16 percent due in part to impairment charges tied to retail and its Prana trademark. Sales declined 4 percent. Both earnings and sales, however, topped Wall Street targets. Chairman, President and CEO Tim Boyle said, “I’m encouraged by our e-commerce growth as well as wholesale orders for the Spring and Fall 2021 seasons, which we anticipate fueling our continued recovery in 2021.”
Sellmark Announces Headquarters Expansion
Sellmark Corp. plans to add a 50,000 square-foot building to its international headquarters in Mansfield, TX
Vapor Trail Acquires Stokerized Solid Aiming Solutions
Vapor Trail has acquired Stokerized Solid Aiming Solutions, Inc. Vapor Trail purchased the company on February 2, 2021.
Vista Outdoor’s Q3 Profits Soar As Sales Climb 35 Percent
Vista Outdoor Inc. reported total sales grew 35 percent in the third quarter ended December 27. Shooting Sports segment sales jumped 41 percent while Outdoor Products sales gained 24 percent. Net earnings on an adjusted basis surged five-fold.
Canada Goose Returns To Quarterly Growth
Canada Goose reported net earnings were down 9.3 percent in the third quarter ended December 27 as sales gained 4.8 percent. Both earnings and sales topped Wall Street’s consensus estimates. Total revenue increased for the first time since the onset of the pandemic.
Seirus Retains Seirus Lake Tahoe Representation
Seirus announced that Charlie Hepburn of Truckee, CA has joined the team as sales representative for the Lake Tahoe region.
Boardriders Appoints Former North Face President As CEO
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, and VonZipper brands, announced that Arne Arens will be joining the company as its incoming CEO, effective March 1. He was was most recently the global brand president of The North Face.
Sportsman’s Warehouse Acquisition Close To Clearing Hurdles
According to a regulatory filing, the statutory waiting period for regulatory approval of Bass Pro’s acquisition of Sportsman’s Warehouse is scheduled to expire on February 5, 2021, although it may be extended by the Antitrust Division or the FTC.
NGF’s Graffis Report Sees Strong Increase In Golf Play In 2020
National Golf Foundation’s Graffis Report shows a 14 percent year-over-year increase in rounds played despite March/April course shutdowns. Total golf participation (on/off-course combined) was up 8 percent year-over-year to 36.9 million participants.
Tread & Butter Partners With Mountain Exposure On Canadian Distribution
Tread & Butter announced Mountain Exposure as its exclusive Canadian distributor.
Shareholder Groups Intend To Vote Against Upgraded Dorel Takeout Offer
Two shareholder groups that own a combined 19 percent of the shares of Dorel Industries, said they plan to vote against an amended offer proposed by Cerberus Capital Management, L.P. and Dorel’s controlling shareholders that would take Dorel private.
