The company’s sales in the region fell 8.8 percent in currency-neutral terms, due primarily to the bankruptcies of two U.S. retailers and cautious ordering by bicycle dealers.
Author: Charlie Lunan
Columbia Sportswear Slowed By Tepid Wholesale Orders
The company reported rapid growth in direct sales of its Columbia, Prana and Sorel brands and in China could not offset low orders from cautious U.S. retailers.
Interbike’s First Fall CycloFest Shows Potential
The event’s first trade/consumer hybrid show delivered far fewer retail employees but more consumers than organizers expected.
Gauging Bike-Consumer Sentiment At Interbike Fall Cyclofest 2016
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MEC To Open Fifth Quebec Store Saturday
The new 24,000-square-foot store marks the Vancouver, B.C-based specialty retailer’s continued expansion in eastern Canada.
Cabela’s Moves Ahead With New Store Design
Cabela’s Incorporated will begin construction on a newly designed store in Texas this year even as it awaits approval of its acquisition by Bass Pro Shops.
TNF Opens Flagship Store In New York City
The North Face opened its first-ever flagship store in New York City on iconic Fifth Avenue Wednesday morning. The 20,000-square-foot store is located at 510 Fifth Ave.
How Much Can Garmin Gain From Fitness?
The GPS brand beat expectations in the third quarter thanks to margin growth from its rapidly growing fitness segment. However, those gains will be hard to sustain.
Haibike Named First E-Bike Sponsor Of Sea Otter Classic
The German brand, which partnered with Bosch to sponsor the festival’s first e-bike race this year, plans to greatly expand its demo fleet and expo space in 2017.
Garmin Ltd. Raises Guidance
The company raised its revenue and EPS forecast to reflect better than expected growth at its fitness, outdoor, marine and aviation segments in the third quarter.
Shimano Corp. Net Sales Off 15.7 Through September
The decline from the first nine months of 2016 is due largely to continued high inventories at bicycle distributors in Europe, North America and China.
West Marine Results Off Despite Online Growth
Third-quarter revenues and earnings came in below year-ago levels amid declining traffic to its brick-and-mortar stores and challenges at its wholesale business.
Colorado Businesses Urge Action On Climate Change
Outdoor Industry Association and 77 other Colorado businesses released an open letter Tuesday stating the need for elected officials who believe in the science of climate change and have plans to take action.
Haglöfs Changes Leadership In Germany and Austria
The Swedish outdoor brand named Moritz Kuhn as country manager and Erik Birndt as senior sales and key account manager.
Wyoming Governor Convenes Outdoor Rec Task Force
Gov. Matt Mead has followed the lead of counterparts in Utah and Colorado by announcing plans to promote the outdoor recreational industry in his state.
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