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REI Exited Two Factories Over Compliance Issues in 2012
REI stopped doing business with two of its more than 130 offshore factories in 2012 after they either failed to respond adequately to remediation plans or were not forthright about their stand on hiring minors, the company disclosed in its 2012 Stewardship Report...(5/17/2013)
Spy Brand Continues Momentum in First Quarter
Spy Inc.’s strategy of shedding licenses to focus on its eponymous action sports eyewear brand appears to be yielding results. The company reported sales of Spy-branded eyewear grew year-over-year for the eighth consecutive quarter to reach...(5/17/2013)
Easton-Bell Swings to Q1 Loss As New Executives Take Over
In the first earnings report since replacing two top executives, Easton-Bell Sports, Inc. released unaudited figures showing it swung to a loss in the first quarter as lower sales of Bell, Giro and Easton cycling products and the loss of fitness sales more than offset modest growth of Riddell football helmets, Easton baseball/softball products and Bell power sports products...(5/10/2013)
Head NV Q1 Losses Spike Amid Weather and Currency Challenge
Head NV reported its adjusted operating losses grew substantially in the first quarter as it battled unfavorable weather and exchange rates in many of its key markets...(5/10/2013)
Winter Clearance and Promotions Continue Hampering Margins at Backcountry.com and BodyBuilding.com
Profits at Backcountry.com and Bodybuilding.com remained under pressure in the first quarter as winter clearance and promotional activities drove down margins for the online retailers, according to parent Liberty Interactive Corp...(5/10/2013)
Jarden Investing to Triple Zoot’s Sales
Jarden Corp. CEO Jim Lillie identified the triathlon footwear and apparel brand Zoot as one of the most promising growth opportunities at Jarden Outdoor Solutions (JOS), which sold $2.7 billion of camping, fishing, football, skiing and outdoor apparel in 2012...(5/10/2013)
Sustainability Working Group to Launch Index for Outdoor Equipment Makers at March 16 Webinar
The Outdoor Industry Association (OIA) Sustainability Working Group (SWG) will launch a pilot program May 16 to test drive the Equipment module of the Higg Index. The index is a new tool that can help companies gain insight into the supply chain for outdoor equipment (bicycles, skis, snowboards, backpacks, tents, camp stoves, water bottles, etc.) and how to make them more sustainable...(5/10/2013)
FGL Sports’ Q1 Aided by Clearance Activity
FGL Sports’ revenues increased 7.5 percent to C$367.4 million (U.S. $363.7 mm) in the first quarter ended March 30, according to its parent company, Canadian Tire Corporation Limited (CTC). Comp store sales increased 8.8 percent on top of a 7.3 percent gain in reported for the first quarter of 2012...(5/9/2013)