Container Traffic Indicates Double-Digit Growth in Retailers’ Imports
Imports through the nation’s major retail container ports continued to grow for the 15th consecutive month in February and remain about 10 percent above their level of a year ago, according to the latest Global Port Tracker report from the National
Timberland Cuts GHGs, Falls Short on Aggressive Goal
Timberland Co. cut its carbon emissions by 38 percent in the four years. But it missed a 50 percent reduction target, which it is now pushing back to 2015. Overall, its carbon emissions were reduced from 25,599 tons in 2006 to 15,889 tons in 2010…
Wolverine World Wide Ups Guidance on 16.1 Percent Rise in Q1 Revenues
Wolverine World Wide, Inc. reported that strong consumer demand and accelerated revenue growth across its brand portfolio generated record performance in the first quarter of 2011. Revenues rose 16.1 percent to $330.9 million, prompting the company to ra
YTD Leisure Products Imports Dip
Imports of toys, games and sporting goods fell 1.2 percent in February from the prior month and were running 4.2 percent behind their level of a year ago on a year-to-date, seasonally adjusted basis, according to the latest advance estimates by the U.S. C
REI Members Re-elect Three Directors
REI co-op members reelected Jesse King, Cheryl Scott and Michael Smith to the retailer’s board of directors. King of Evergreen, CO was elected to a second three-year term after his initial one-year appointment in 2007…
Crosman Corporation Acquired by PE Firm
Wellspring Capital Management LLC and Pamlico Capital announced that Wellspring has acquired Crosman Corporation, the maker of airguns and airsoft guns, from Pamlico. Crosman's management team, led by CEO Ken D'Arcy, will retain a significant ow
Academy Sports + Outdoors Sues Gander Mountain
Academy Sports + Outdoors has filed a lawsuit to prevent Gander Mountain Co. from promoting its classes as the Gander Mountain Academy, according to a report in the Minneapolis/St. Paul Business Journal…
New York Firm Intends to Revive Rugged Bear Brand
The chairman of New York firm that acquired the Rugged Bear brand out of bankruptcy court last week is a partner and board member at several apparel companies distributed through maternity, men’s fashion and department stores, according to his page
OIA VantagePoint: March Outdoor Product Sales up 4.5 Percent
The outdoor product business outpaced the overall retail market by a wide margin, posting a 4.5 percent sales increase to $774.3 million for the five-week fiscal month of March ending April 2, 2011, according to retail point-of-sale data compiled by Sport
Man Sues Gander Mountain Over Wife’s Murder
Gander Mountain is facing a lawsuit two years after a gunman killed 13 people at the American Civic Association immigration center in Binghamton, NY. The lawsuit seeks a total of $3.75 million dollars in damages. Gander Mountain has denied the charges…
Outdoor Foundation: Minority and Adventure Sports Participation Grew in 2010
The rate of participation in outdoor recreation in the United States remained solid in 2010 and at the same level seen in 2008. Nearly half of Americans ages 6 and older participated in at least one outdoor activity in 2010, and participation grew signifi
FWS Announces Gray Wolves Recovered in Western Great Lakes
The U.S. Fish and Wildlife Service (Service) has announced a proposal to remove gray wolves in the Western Great Lakes area – which includes Minnesota, Michigan and Wisconsin – from the Federal List of Endangered and Threatened Wildlife because wolves hav
Man Sues Gander Mountain Over Wife’s Murder
Gander Mountain is facing a lawsuit two years after a gunman killed 13 people at the American Civic Association immigration center in Binghamton, NY. The lawsuit seeks a total of $3.75 million dollars in damages. Gander Mountain has denied the charges…
Germany’s Derby Cycle Ups Revenue Guidance to 40 Percent Growth
Derby Cycle AG, which went public in February, raised its revenue guidance for the second quarter ended March 31 to €76.6 million ($104.7mm), up 45.6 percent, or €52.6 million ($72.8mm) from the prior-year period. This correlates to €114
UK’s GO Outdoors Sells Stake to Private Equity Firm
A private equity firm has invested £28 million ($45.7mm) in GO Outdoors to help the UK outdoor specialty retailers grow its store count from 30 to 70 in the next four years. The investment makes 3i a significant minority shareholder in in GO Outdoors, whi
