Cabela’s Q3 Earnings Slump
Cabela’s Inc., in its first report since announcing plans to merge with Bass Pro, said heightened markdowns caused adjusted earnings in the third quarter ended October 1 to slid 26.8 percent, falling well short of Wall Street targets.
Garmin Ltd. Raises Guidance
The company raised its revenue and EPS forecast to reflect better than expected growth at its fitness, outdoor, marine and aviation segments in the third quarter.
New Balance Partners With Pensole Footwear Design Academy
New Balance will provide scholarships for the aspiring designers selected to attend The Pensole Master Class In Footwear Design.
Shimano Corp. Net Sales Off 15.7 Through September
The decline from the first nine months of 2016 is due largely to continued high inventories at bicycle distributors in Europe, North America and China.
Mammut Partners With Jackson Hole Mountain Resort
The Swiss manufacturer of alpine gear and apparel is the official airbag pack supplier for the mountain’s ski patrol.
Mary Cabela Offers Support For Cabela’s Sale To Bass Pro
In the letter made public in a regulatory filing, the widow of Cabela’s founder Dick Cabela said her family “continues to trust the people at Cabela’s to do what is best for the company and everyone involved.”
West Marine Results Off Despite Online Growth
Third-quarter revenues and earnings came in below year-ago levels amid declining traffic to its brick-and-mortar stores and challenges at its wholesale business.
Survey: Most Americans Flunk High School Health Class
The Center for Accountability in Science (CAS) released the results of a new survey showing most Americans cannot pass a high school health class.
Colorado Businesses Urge Action On Climate Change
Outdoor Industry Association and 77 other Colorado businesses released an open letter Tuesday stating the need for elected officials who believe in the science of climate change and have plans to take action.
Nike Releases ‘Here You Are’ LeBron Commercial
Nike said of the commercial, “Last year, the impossible happened. A deficit so hopeless, only the extraordinary could conquer it.”
Adidas Confirms Signing Of Kristaps Porzingis
Nike had until mid-October to match the terms of the deal.
Rocky Brands’ Q3 Profit Hurt By Charges
The third quarter of 2016 included a one-time pre-tax charge of $1.2 million, or 10 cents per diluted share after tax, associated with previously announced reorganizational activities that included layoffs.
Majestic Printing Facility Receives Green Certification
Majestic is the first major apparel brand to earn the Sustainable Green Printing certification for an owned printing facility.
Puma’s Q3 Revenues Jump
Footwear grew 17 percent and apparel 10 percent with strong performances in Europe and North America.
Blink Fitness Opens East Village Gym
As part of the grand opening celebration, Blink Fitness will donate 50 one-year memberships worth more than $10,000 to Lower Eastside Girls Club, an organization dedicated to connecting girls and young women to healthy and successful futures.
