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Dick’s Sporting Goods Shakes Off Golf Declines to Beat Q2 Estimates...
With few signs of the golf category turning around, Dick’s Sporting Goods said Tuesday it expects to cut back the category to about 10 percent of its business over the next three to four years from 15 percent currently and 20 percent a few years ago. Ed Stack, chairman and CEO, on the retailer’s second-quarter conference call, "Golf, from a participation standpoint and how it translates to retail, is in a structural decline, and we don't see that changing,"...
Legacy Paddlesports Pulling Plug on Dealer Sales of Whitewater Boats
Legacy Paddlesports has informed its dealer base that it will shift its Liquidlogic whitewater boat brand to a direct-to-consumer model starting Oct. 1, 2014...(8/19/2014)
Thriving TJX to Open Sierra Trading Post Store in Denver Next Week
Thriving off-price retailer The TJX Companies Inc. will open the first of two new Sierra Trading Post (STP) stores in Denver next week in its first expansion of the business since acquiring it at the end of 2012...(8/19/2014)
Employee Benefits Costs Nearly Wipe Out Yue Yuen’s 1H Profits
Yue Yuen Industrial Limited reported that its decision to increase contributions for employee benefits by $90 million in the second quarter to compete in China’s increasingly competitive labor market wiped out much of its profits for the period. The world's largest manufacturer of footwear apparel said rising costs don't auger well for the industry, but also reported improving conditions at Pou Sheng, which distributes international athletic and outdoor brands in China...(8/16/2014)
BPSA Forms Electric Bike Committee
In yet another sign that e-bikes are gaining traction in the U.S. market, the Bicycle Product Suppliers Association (BPSA) created an Electric Bicycle Committee last week...(8/16/2014)
Goal Zero Acquired by Electric Utility NRG
NRG Energy, Inc. acquired Goal Zero for an undisclosed sum Aug. 14, marking the utility company’s first acquisition of a consumer products company...(8/16/2014)
Grassroots Taps Former Chaco Sales Director as Next President
Grassroots Outdoor Alliance, which represents some of the most iconic independent outdoor specialty retailers in the country, named Wes Allen as its new president...(8/16/2014)
Leatt Corp. Narrows Q2 Loss, Poised to Enter Bike Market
Leatt Corporation, a South African company planning to launch its first bicycle helmets at Eurobike and Interbike in coming weeks, reported its sales grew 16.6 percent in the second quarter ended June 30...(8/16/2014)