SGB Update Outdoor
Cascade Designs Makes New Hires In Product Development And Marketing
Cascade Designs announced the addition of three new hires to its product development and marketing teams. Kalon Pilmanis will serve as senior director, product; Jeff Moberg will work as a product line manager; and Ashley Brown will assume the role of senior copywriter.
Johnson Outdoors Sees 29 Percent Quarterly Sales Hike
Johnson Outdoors Inc. reported total company net sales in the first quarter ended January 1 rose 29 percent year over year to $165.7 million, versus $128.1 million in the prior year fiscal quarter. Helen Johnson-Leipold, Chairman and CEO, said in a statement, “Strong demand in the company’s Fishing, Camping and Watercraft Recreation businesses delivered an unprecedented first fiscal quarter.”
Shoe Carnival Sees 6 Percent Fourth-Quarter Comp Gain
Shoe Carnival Inc. reported comparable store sales increased approximately 6.4 percent in the fourth quarter, on top of a 3.2 percent comparable store sale increase in the fourth quarter of fiscal 2019. The family shoe chain also said earnings doubled in the period.
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.
