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L.L. Bean Scores Record Year, Plans $100M Investment
L.L. Bean said it wrapped up year of record profits and an overall sales gain of 3 percent. It also announced plans to make a $100 million investment to improve and expand its online and retail operations...(3/9/2014)
Report Shows Paddlesports Industry Gaining With Kids and Women
The paddlesports industry got encouraging news last week when an update of its largest consumer survey showed significant gains in participation among children and women. While reluctant to draw too many conclusions from one annual survey, marketers said the report suggests that money the industry has invested in team athletes, product innovation and youth outreach programs like Outdoor Nation may finally be moving the needle in the right direction...(3/8/2014)
Police Investigate Whether Trespassing Snowboarder Triggered Fatal Missoula Avalanche
Police in Missoula, MT are investigating reports that a snowboarder trespassing on city property set off an avalanche March 1 that destroyed two homes and claimed the life of a resident...(3/7/2014)
Dorel’s Cycling Sports Group Ends 2013 in the Dog House
Restructuring charges at Dorel Industries Inc.’s once, high-flying Cycling Sports Group (CSG) dragged down the Canadian company’s net income by nearly 43 percent in the fourth quarter. Dorel said currency-neutral organic sales at its Recreational/Leisure segment grew just 1 percent while gross margin dropped 380 basis points...(3/6/2014)
Black Diamond CEO Says Gregory Sale Could Lift CAGR Above 20 Percent
Black Diamond Inc. could raise its compound annual growth rate (CAGR) above 20 percent by selling Gregory Mountain Products and using the proceeds to accelerate development of direct-to-consumer sales and product development at Black Diamond and POC, CEO Peter Metcalf said Monday...(3/3/2014)
Calida Group Reports Lafuma Groupe Losses Lessened in Oct-Dec Quarter
Lafuma Groupe generated a negative operating result before one-time items of €4.4 million for the three months ended Dec. 31, 2013, compared with -€6.6 million a year earlier, according to financial information released by its new parent company Calida Group of Switzerland...(3/3/2014)
Groupe GO Sport Says 2013 Sales Decline Belies Success of Courir Footwear Chain
France’s Groupe GO Sport reported fourth quarter sales declined 1.6 percent to €159.6 million ($217mm), or 1.7 percent in currency-neutral (c-n) terms, as declines at its flagship GO Sport operation in France more than offset growth at Courir, the footwear chain that is having growing success outside the running space...(3/3/2014)
Deckers Outdoor Rides Ugg Turnaround in Q4
While its outlook disappointed Wall Street, Deckers Outdoor Corp. delivered a robust fourth-quarter, with earnings ahead 43.7 percent on higher gross margins and double-digit top-line growth. Among its larger brands, sales grew 18.1 percent at Ugg, 45.2 percent at Sanuk, and 13.6 percent at Teva...