SGB Update Outdoor
Cabela’s Q4 Profits Slide
Cabela’s Inc., which has reached an agreement to merge with Bass Pro, reported earnings 26.3 percent in its fourth quarter ended December 31 as sales fell 4.9 percent. U.S. comparable-store sales decreased 6.4 percent.
Canada Goose Files For IPO In New York And Toronto
According to its prospectus, revenues grew at an annualized rate of 38.3 percent from 2014 to 2016.
Colorado Group Looks To Lure Outdoor Retailer Show
An ad in that ran in the The Salt Lake Tribune and Deseret News read, “We have stronger beer. We have taller peaks. We have higher recreation. But most of all, we love our public lands.”
January Retail Sales Expand 3.8 Percent
Sporting goods stores’ sales increased 1.8 percent seasonally adjusted over the previous month and decreased 3.7 percent unadjusted year over year.
Patagonia Forms Research Partnership With HeiQ
The partnership will explore ways for a sustainable textile finishing technology to achieve high-performance breathable and durable water repellence (DWR).
GU Withdraws From OR, Adds Interbike To Debate
“GU will not attend any tradeshow, Interbike included, that moves to Utah while its public policy remains inimical to GU core values,” stated a company representative.
VF Corp. Adds To Board Of Directors
The branded lifestyle apparel, footwear and accessories company elected Carol L. Roberts and Benno Dorer as board directors, effective February 14, 2017.
Suunto Names U.S. Endurance Community Manager
The producer of sports watches, dive computers and precision instruments, appointed Nat Harward as endurance community manager in the U.S.
Walmart Acquires Moosejaw
Walmart has acquired Moosejaw, a leading online outdoor retailer, for approximately $51 million.
Gander Mountain Retains Houlihan Lokey In Review Process
The privately-held firm said it issued the statement because “recent speculative news articles” had caused concern among its partners.
NRF Sees Imports Picking Up
Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
MC Sports Files For Bankruptcy
MC Sports, the Michigan-based sporting goods chain, filed for Chapter 11 bankruptcy Tuesday. The company is moving to hold liquidation sales at all of its 68 locations, but will use the reorganization to seek a rushed alternative funding or to find a buyer that might keep the stores open.
ComScore Reports 18 Percent Jump In Online Holiday Spending
Online buying on desktop computers grew 13 percent while mobile spending (smartphones and tablets) was up 45 percent.
Shimano Sees Earnings Drop In 2016
Sales in 2016 slid 14.7 percent to ¥323 billion, with a 17.4 percent slide in its Bicycle Components segment and 1.7 percent slip in its Fishing Tackle segment.
Confluence Outdoor CEO And President Steps Down
Sue Rechner will continue to be a major shareholder in the company and support her successor Richard Krause during the transition.
