SGB Update Sportsmans
West Marine’s Sales Dip, Despite Positive Comps
The retailer posted 1.1 percent comps growth thanks to robust online sales and growth in softgoods, fishing gear and paddle sports in the second quarter.
Columbia Sportswear Powers Through Q2
Columbia Sportswear Co.’s net sales grew 2 percent and set a record for the historically slow second quarter, despite double-digit declines at two brands.
Rocky Brands Posts Q1 Loss
Rocky Brands Inc. reported a slightly lower loss in its second quarter on a modest drop in revenues.
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.
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.
PolyOne Acquires Gordon Composites
PolyOne Corporation announced the acquisition of Gordon Composites on July 27, 2016.
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
NRF Raises Retail Sales Forecast for 2016
The National Retail Federation revised its forecast for U.S. retail sales growth to 3.4 percent in anticipation consumer spending will remain steady.
Wolverine Worldwide Exceeds Q2 Guidance
Wolverine World Wide, Inc. (NYSE: WWW) beat guidance for the second quarter ended June 18 by reporting revenue declined 7.4 percent to $583.7 million.
Shimano Reports Weak 1H
A strong yen, stubbornly high bicycle inventories in the U.S. and slowing consumer spending in China led to weaker results at Shimano Corp. in the first half.
Smith & Wesson to Acquire Crimson Trace
Smith & Wesson Holding Corp. signed a definitive agreement to acquire Crimson Trace Corporation, a leader in laser sighting systems and tactical lighting for firearms, for $95.0 million.
Under Armour’s Q2 Profits Slump on Sports Authority Charge
Under Armour Inc. reported earnings tumbled 58 percent in the second quarter, weighed down by a previously-announced $23 million write-off of bad debt from the Sports Authority bankruptcy. Revenues jumped 28 percent.
Wefunder to Scout Startups at Outdoor Retailer
Wefunder, a crowdfunding site that has helped tent maker Slingfin raise $50,000 in equity capital, will be scouting clients at Outdoor Retailer next week.
Unsecured Creditors Seek Speedy Sports Authority Liquidation
The Unsecured Creditors Committee in the Sports Authority bankruptcy case is requesting that the case be converted from a Chapter 11 proceeding to a Chapter 7 case.
