SGB Update Outdoor
Giant Store Opens Near Dallas-Fort Worth
Bicycle retailer Giant Lakeside has opened in the Dallas-Fort Worth airport area.
Aventuron Distributes Orange Mountain Bikes in North America
Aventuron, a distributor in the bicycle and outdoor industries, announced a new partnership with Orange Bikes, meaning the product will again be available in the U.S. and Canada.
Amer Sports Grows Q2 Sales 6 Percent
Amer Sports grew net sales 6 percent in currency-neutral terms in the second quarter despite taking a big hit at Wilson due to U.S. retail bankruptcies.
Cabela’s Q2 Profits Miss Street Targets
Cabela’s Inc. reported earnings adjusted for special items rose 1.7 percent but were two cents short of Wall Street’s consensus target.
GoPro’s Revenues Nosedive 47 Percent
GoPro swung to a quarterly loss of $91.7 million, or 66 cents per share, compared to a profit of $35 million, or 24 cents, in the same period a year earlier. However, adjusting for certain items, the company’s loss of 52 cents was better than the 58 cents Wall Street analysts were looking for.
Chaco Joins Outdoor Industry Women’s Coalition
Chaco has signed on as a member of the Outdoor Industry Women’s Coalition (OIWC).
Cobi Launches Connected Biking System
Cobi, the first integrated system to make cycling a “smart” experience, is now available for purchase in 34 countries and five different languages.
EPA OKs Thermacell’s Zika Claims
Thermacell Repellents Inc. said the EPA has certified its products as effective repellents of the mosquito that transmits Zika virus and other diseases.
Downlite Expands Down Supply in Europe and Asia
Downlite, a major down and feather processor, announced it is expanding its RDS supply chain in both Europe and Asia on July 27, 2016.
Moncler’s Americas Sales Up 20 Percent in 1H
Moncler S.P.A. reported its revenues grew 23 percent to €52.5 million in the Americas in the first half, thanks in part to the opening of two new stores.
Millet Mountain Group Sales Up in First Half
The Millet Mountain Group of outdoor apparel brands increased sales by 11.0 percent in the first half of the year, but expect a decline in preseason orders to drag down year results.
Princeton Tec Moves to Larger New Jersey Facility
Princeton Tec recently completed the initial phase of its move into new headquarters in Pennsauken, New Jersey.
Rachel Paquette Named Honorary President, Ultra-Trail Harricana
The Ultra-Trail Harricana of Canada (UTHC), presented by The North Face, introduced Rachel Paquette as this year’s honorary president.
David Labbe Begins Tenure as Chairman of NSGA Board
The National Sporting Goods Association’s Board of Directors recently announced David Labbe as their Chairman for the next two years.
Garmin Fitness and Outdoor Accelerate in Q2
Garmin Ltd. reported double-digit growth at its Fitness and Outdoor segments in the second quarter that enabled it to blow past Wall Street estimates and raise guidance
