Planet Fitness Partners With Bravo Fit In Aussie Expansion Effort
Planet Fitness signed an Area Development Agreement with Bravo Fit Holdings Pty Ltd., which will bring a minimum of 35 Planet Fitness locations to Australia over the next several years.
American Baitworks Takes 50 Percent Stake in STH Bait Co.
American Baitworks Co. has completed their investment in STH (Set The Hook) Bait Co., a tackle company with a focus on finesse fishing tackle for Smallmouth and Largemouth Bass, Panfish and Walleye.
Nautilus’ Retail Segment Hurt By Tariff-Driven Shipment Delays In Q3
Nautilus Inc. posted a loss in the third quarter that was significantly below Wall Street’s expectations as shipment delays tied to the trade war dragged down sales in the Retail segment and the timing of launches held back the Direct segment.
Bass Pro Confirms 120 Sydney Jobs Relocating To Springfield
Bass Pro Shops confirmed that nearly 120 jobs at its Cabela’s operation in Sidney, NE are being relocated to Bass Pro’s headquarters in Springfield, MO, according to the Associated Press.
New York Times Op-Ed Blasts Nike’s Oregon Project
In an op-ed in the New York Times gaining wide attention, former prodigy runner Mary Cain, now 23, said she was “emotionally and physically abused” until she quit Nike’s Oregon Project, Nike’s elite track and field training program.
Sturm, Ruger’s Q3 Revenues Sink 17 Percent
Sturm, Ruger & Co. reported earnings fell 47.7 percent in the third quarter on a 17.3 percent revenue decline. CEO Christopher Killoy said, “Demand has remained soft throughout this year. However, we once again elected to forgo opportunities to generate better short term results.”
Camping World Posts Q3 Loss After Store-Closing Charges
Camping World Inc. posted a steep loss in the third quarter due to its decision to strategically shift away from locations where the company does not have the ability or where it is not feasible to sell and/or service RVs. The company said it will close 28 of the 37 remaining Gander Outdoors doors that have not been converted into RV dealerships, as well as two of the seven outdoor lifestyle locations operated by TheHouse.com
GoPro’s Q3 Revenues Tumble 53 Percent
GoPro reported revenues fell 54.1 percent in the third quarter but came in ahead of expectations. The company also posted a steep loss although it was also better than guidance.
Nautilus’ Q3 Revenues Tumble 32 Percent
Nautilus Inc. reported a loss in the third quarter as sales fell 32.2 percent.
OIA Supports Public Lands Renewable Energy Development Act
Patricia Rojas-Ungar, vice president of Outdoor Industry Association (OIA), issued a statement underscoring the organization’s support for the Public Lands Renewable Energy Development Act.
Topgolf To Open Location In Schaumburg
Topgolf Entertainment Group will open the doors to its latest Greater Chicago area venue in Schaumburg on Friday, November 15, 2019.
Headspace Launches Healthy Happy America Campaign
Headspace, a leader in mindfulness and meditation, announced the launch of Healthy Happy America, an initiative to improve the health and happiness of America, one city at a time.
The Buckle’s Comps Climb 8.5 Percent In October
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended November 2, 2019 increased 8.5 percent from comparable store net sales for the 4-week period ended November 3, 2018.
El Cap Acquires Movement Climbing + Fitness
El Cap, the parent company of Planet Granite and Earth Treks, announced that they have acquired Movement Climbing + Fitness.
KT Tape Becomes A Major Sponsor Of The Women’s Football Alliance
The Women’s Football Alliance (WFA) announced that KT Tape will be the official kinesiology tape of the WFA.
