SGB Update Outdoor
Shimano’s Earnings Climb In Nine Months
Shimano Inc. reported earnings rose 10.4 percent in the nine months ended September 30 despite a 2.0 percent dip in sales. The Japanese-based sporting goods company lifted its outlook for the year.
Rocky Brands’ Q3 Sales Advance 16 Percent
Rocky Brands Inc. reported third-quarter sales increased 15.8 percent to $77.8 million compared to $67.2 million in the third quarter of 2019.
Big 5 Sporting Goods Posts Record Third Quarter
Big 5 Sporting Goods Corp. reported earnings jumped more than four-fold in the third quarter as same-store sales jumped 14.8 percent. Steve Miller, the company’s chief executive officer, said, “I am pleased to report an exceptional third quarter, which represents the strongest sales and earnings performance in our 65-year history.”
Chaos/CTR Headwear Appoints Rocky Mountain Reps
Chaos/CTR appointed Rose Sales Agency to represent the knit and constructed headwear brand in the Rocky Mountain States.
Thermacell Makes Hires To Support Growth
Thermacell Repellents Inc. hired Dr. John Hainze as vice president of Science & Research.
Consumers Sweet Spot This Holiday Is Free Shipping, According To NPD
The 2020 holiday shopping season kicked off earlier this year with Amazon Prime Days and competing retail promotions in mid-October, and while consumers are always looking for good deals, their sweet spot this holiday will be free shipping, reports The NPD Group.
Unifi Announces Strong Sequential Growth With First Quarter
Unifi Inc. reported sales in the first quarter ended September 27 were down 21 percent year-over-year but increased 64 percent sequentially compared to the fourth quarter of fiscal 2020. The fiber producer also posted a surprise profit in the period.
ISPO Munich 2021 To Go Virtual
ISPO Munich’s 2021 show will take place February 1 to 5, completely online due to the coronavirus. Klaus Dittrich, the Chairman and CEO of Messe München, said, “With ISPO Munich Online, we are enabling all customers around the world to participate in the event. At the same time, we can create formats that integrate new target groups.”
Arc’teryx To Open Second New York City Location
Arc’teryx will open a second Manhattan location in the Flatiron District, replacing the fitness startup Mirror, according to Commercial Observer.
Academy Sports Announces Offering Of Senior Secured Notes
Academy Sports and Outdoors Inc. announced that its wholly-owned subsidiary, Academy, Ltd., intends to offer $400 million aggregate principal amount of senior secured notes due 2027 in a private offering.
Thule’s Q3 Revenues Leap 45 Percent
Thule reported net sales for the third quarter jumped 44.9 percent to SEK 2,436 million ($278 mm). Adjusted for exchange rate fluctuations, sales rose 52.4 percent. Strength in bike products, rooftop tents and strollers drove a 36 percent gain in the Americas region.
Moncler’s Q3 Revenues Decline 15 Percent
Moncler reported revenues of €361.8 million ($428 mm) in the third quarter, a 15 percent decrease at current exchange and 14 percent at constant exchange rates.
SA Company Receives Strategic Investment From TZP Group
SA Company has received a strategic investment from TZP Group, through TZP Capital Partners III, LP, a private equity firm based in New York.
Clarus Corp. Withdraws Proposed Registered Offering Of Convertible Senior Notes
Clarus Corporation announced that, as a result of equity capital markets volatility it has decided not to proceed with its previously announced proposed registered offering of convertible senior notes due 2026 in the aggregate amount of $85 million.
L.L Bean Opens Store In Toronto
L.L Bean opened its fourth store in Canada after marking its entry into the country two years ago. The new store is located in Don Mills in Toronto.
