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Columbia’s European Footwear Sales Drive Impressive Q2 Growth
Columbia Sportswear Co. reported its once struggling European business generated nearly half its revenue growth in the second quarter, led by growth in sales of Columbia-branded lightweight hiking footwear, a category that is playing a key role in establishing Columbia as a four-season brand...(7/27/2014)
Newell Rubbermaid to Pay Rich Multiple for Contigo and Avex Brands
North Castle Partners has agreed to sell Ignite USA LLC for nearly 2.5 times projected 2014 sales to Newell Rubbermaid just 17 months after investing in the company alongside its owner and CEO Sami El-Saden...(7/27/2014)
Amer Sports Narrows Q2 Loss, Begins Restructuring Wilson
Amer Sports missed its second quarter sales and profit goals, in part due to charges taken at its Wilson/Ball Sports segment, where it embarked on an 18-to-24 month restructuring that is expected to significantly affect results in the back half...(7/26/2014)
Camping and Softgoods Help Cabela’s Offset Plummeting Guns Sales in Q2
Cabela's Inc. was able to partially offset a steep drop in gun and ammo sales and report record operating margins in the second quarter by growing sales of camping gear, apparel and footwear to 60.8 percent of merchandise sales...(7/26/2014)
Deckers Outdoor Hikes Guidance on Robust Q1 Revenues
Deckers Outdoor reported fiscal first-quarter revenues jumped 24.3 percent, coming in well above Wall Street’s targets on the strength of strong double-digit growth for Ugg, Teva and Sanuk. With its loss in the traditionally small quarter for the company also coming in sharply lower than projected, Deckers raised its sales and earnings outlook for full year...(7/25/2014)
Raleigh’s Shift Away From Mass Costs Accell North America Millions in Q2
Accell Group decision to stop selling Raleigh bikes to mass merchants in North America cost it millions of dollars in the six months ended June 30...(7/25/2014)
West Marine Slashes Guidance After Q2 Shortfall
Continuing to feel the impact of a slow start to the boating season due to “harsh winter and spring weather,” West Marine Inc. reported second-quarter earnings slid 17.7 percent to $18.3 million, or 75 cents a share, falling short of Wall Street's consensus estimate of 86 cents. It also slashed its guidance for the year and postponed its store remodeling plans in the second half...
Soul Sports Lands $20,000 Relocation Grant From Park City
Soul Sports has obtained a $20,000 economic development grant to relocate its Soul Poles operation a ew miles to Park City, UT, the upscale mountain resort town that is recruiting sustainable businesses to diversify its economy. The award demonstrates the growing importance of local economic development grants as a financing option for small, eco-conscious outdoor brands...(7/24/2014)