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Vestis Retail Posts May Operating Loss
Vestis Retail Group LLC incurred an operating loss of nearly $1 million on sales of $70.6 million in May, as costs continued to exceed gross profits at Bob's Stores and Eastern Mountain Sports, according to interim financial statements filed in Vestis' Chapter 11 bankruptcy proceeding...(6/30/2016)
Whitewater, Surf Parks Face Scrutiny in Wake of Fatal Amoeba Infection
The future of manmade whitewater and surf parks became murkier last week when health officials concluded the turbidity of water at the U.S. National Whitewater Center in Charlotte, NC inhibited the ability of its treatment system to kill pathogens.(6/28/2016)
Obama's Outdoor Rec Legacy Tempered by Court Rulings
Just days after its love affair with the Obama Administration reached a crescendo, the outdoor recreation industry and its allies in the environmental and conservation communities got a stark reminder of the limits of executive power in the form of another adverse federal court ruling...(6/24/2016)
Patagonia Opens New Front in Sustainability Arms Race
Patagonia said it will begin working with Outdoor Industry Association, textile suppliers and appliance manufacturers to better understand the threat fleece and other synthetic apparel pose to the environment after research it commissioned concluded such apparel likely accounts for a significant portion of microfiber pollution of the world's oceans...
Responsible Wool Standard Bans Mulesing
After intense pressure from apparel brands, Textile Exchange amended the Responsible Wool Standard (RWS) to ban mulesing, a practice widely used in Australia to prevent infections of sheep that has been condemned by animal welfare advocates...(6/24/2016)
Modell's, Sports Direct Eyeing Bid for Bulk of Sports Authority's Leases
Modell's Sporting Goods and U.K.-based Sports Direct International PLC were identified by the Wall Street Journal Monday as the "bulk buyer" considering an 11th-hour bid for up to 200 Sport Authority store leases, intellectual property and e-commerce assets...
Newell Brands to Divest $250-300 Million That Could Include Active-Lifestyle Brands
Newell Brands, which now owns more than 50 sporting goods and outdoor brands after its recent acquisition of Jarden Corp., announced this week it has plans to divest product lines with combined annual sales of $250-to-$300 million over the next two to three years...(6/17/2016)
Analyst Reviews Cabela's Strategic Options
Of all the rumors swirling around Cabela’s Inc., D.A. Davidson & Company analyst Andrew Burns tells us which ones make the most sense...(6/17/2016)