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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)
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)
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)
Crocs Plan Shifts Emphasis Back to Wholesale, E-Commerce Growth
Crocs, Inc. will kill SKUs, eliminate positions, close up to 100 stores and divest foreign subsidiaries as part of a new strategy that prioritizes profits over growth, the company announced Tuesday. Crocs also disclosed it will open a Global Commercial Center with 75 employees in the Boston area late this year that will house key merchandising, marketing and retail functions...(7/22/2014)
After Victory in the House, Fight for Fast Track Recalls Moves to Senate
The U.S. House voted 229 to 194 to approve an amendment that would stop the Consumer Products Safety Commission (CPSC) from essentially killing it highly popular and award winning Fast Track Program for voluntary product recalls...(7/20/2014)