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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.

*******

The Latest News...

Amer Sports Says Exchange Rates Offset First Quarter Sales Growth
Amer Sports reported net sales increased 6 percent currency-neutral in the quarter ended March 30, but said earnings before income taxes fell nearly 22 percent as the euro continued to rise against other currencies. The Finnish company said a mild winter in Europe hurt cross country sales and that a fall in the value of the Russian currency hurt margins...(4/24/2014)

Investor Group led by Bernard Mariette Purchases Lolė Parent
A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lolė to expand its retail and web business internationally as well as its global wholesale business...(4/24/2014)

Unifi's Q1 Profits More Than Double
Unifi Inc. reported net income for the March 2014 quarter was $4.7 million, or 25 cents per basic share, compared to net income of $1.4 million, or 7 cents per basic share, for the prior year quarter, reflecting improved operating results in the company's domestic business and lower domestic depreciation expenses...(4/24/2014)

Accell Group Tells Shareholders Results Improving
Accell Group N.V. told shareholders Thursday that sales and profits improved in the first months of 2014 compared with the same period of 2013 as favorable weather in Europe stimulated sales of its bicycles...(4/24/2014)

West Marine Widens Q1 Loss
West Marine Inc. reported net revenues were $113.3 million in its first quarter ended Mar. 29, a decrease of 0.8 percent compared to last year. Comparable store sales decreased by 1.7 percent. The net loss in the period widened slightly to $11.0 million, or 46 cents a share, from $9.7 million, or 41 cents, a year ago...(4/24/2014)

Recon Instruments Lands Investment from Motorola Solutions
Recon Instruments has landed an investment from Motorola Solutions Venture Capital, the strategic investment arm of Motorola Solutions, which is interested in commercializing Heads-up Display (HUD) technology Recon developed for goggles and other sports applications...(4/23/2014)

Rocky Brands Q1 Revenues Climb 22.5 Percent
Rocky Brands, Inc. reported first quarter net sales increased 22.5 percent to $65.8 million versus net sales of $53.7 million in the first quarter of 2013. The company reported first quarter net income of $723,788, or 10 cents a share, slightly down compared with net income of $892,096, or 12 cents, a year ago...(4/23/2014)

Nikwax Gets Endorsed by the Queen
Nikwax has become the first outdoor brand ever to receive a Queen's Award for Enterprise in Sustainable Development, which means it can now display the Queen's Award emblem on its packaging...(4/23/2014)



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