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Outdoor Business UPDATE

Outdoor Business UPDATE is the only continuously updated source for news for the Bicycle, Outdoor, and SnowSports markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The Outdoor Business UPDATE newsletter is delivered four times a week via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or EXECUTIVE subscription.

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The Latest News...

Columbia's Organic Sales Up 14 Percent in Third Quarter
Columbia Sportswear Company reported strengthening sales of Columbia branded product by its European direct-to-consumer business, incremental sales from its new China joint venture and newly-acquired prAna turbo-charged its 14 percent organic growth in the third quarter to push its top line to a record $675.3 million, up $152.2 million, or 29 percent, compared with the same period in 2013...(10/30/2014)

ATK Revisiting Plan to Spin Off Outdoor Sports Unit
Tuesday's spectacular explosion of a space rocket in Virginia could kill ATK's plans to spin off its Outdoor Sports segment to shareholders as a new, publicly traded company that would be called Vista Outdoor Inc. ATK reported Wednesday that sales at its Sporting Group grew 26 percent to $533 million in the fiscal second quarter ended Sept. 28, as results from Bushnell more than offset a drop in firearms sales from last year's peak levels...(10/30/2014)

Shimano Sees Brisk Bike Components Sales in North America
Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of Fishing Tackle were brisk in Europe and Oceania. Shimano nudged up its full-year revenue and earnings forecast for the second time this year and now expects sales to... (10/30/2014)

Sorel Opens First Pop-Up Store
Sorel opened its first-ever seasonal branded retail store at 345 W. 14th St. in Manhattan’s Meatpacking District. The store will open on October 30 through February 2015...(10/30/2014)

Strava Raises $18.5 Million in Fresh Capital
Strava, the online network connecting the global community of athletes, has partnered with Sequoia and secured $18.5 million in financing. Existing investors Sigma West and Madrone Capital Partners also participated in the round. This funding will allow Strava to fuel the expansion of its service around the world and strengthen its leadership in digital sports...(10/30/2014)

Evolv Names Market Manager
Evolv, which makes climbing and outdoor footwear, has hired Kelsey Reddoch as its marketing manager...(10/30/2014)

Female Participation in Outdoor Recreation Rose in 2013
The Outdoor Foundation’s eighth annual Outdoor Recreation Participation Report shows participation among teenage girls increased by three percentage points in 2013, making up some of the ground lost in 2012. Participation rates among girls and young women increased by two percentage points bringing young women’s participation to the highest rate since 2006. Participation among male youth, on the other hand, either fell or remained steady...(10/30/2014)

GoPro Shatters Q3 Expectations With HERO4 Launch
GoPro Inc. blew through Wall Street expectations Thursday when it reported revenue grew 45.7 percent to $280.0 million in the third quarter ended Sept. 30 thanks to the highly successful launch of its new HERO4 wearable cameras...(10/30/2014)



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