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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...

Leatherman Taps Sporting Goods Vet to Fill CFO Spot
Leatherman Tool Group, Inc. appointed Kris Hamper as chief financial officer for global operations. Hamper will be located in the Portland, OR headquarters and provide financial direction for both LED Lenser (Yang Jiang, China and Solingen, Germany) and Leatherman (Portland, OR)...(2/3/2012)

Polartec Awards Princeton Unversity Outdoor Club $10,000
Polartec generated 31,000 video views and gathered 27,000 votes in its second annual Polartec Made Possible College Challenge, a contest that this year awarded $10,000 to the outdoor club at Princeton University...(2/3/2012)

Columbia Delivers Robust Q4 But Sees Softness in 2012
Columbia Sportswear reported earnings jumped 40.1 percent in the fourth quarter on a 15.1 percent increase in revenue. However, the outerwear giant said that given the unusually warm winter globally as well as "macro-economic challenges that continue to cloud the European and U.S. marketplaces," it only expects sales to grow in the low single digits in 2012... (2/2/2012)

Johnson Outdoors Grows Q1 Revenue Despite Plunging Military Sales
Johnson Outdoors Inc. announced revenue grew 2 percent to more than $80 million during the first fiscal period ended Dec. 30, 2011, despite a 66 percent drop in year-over-year military sales. The maker of Eureka tents, Necky kayaks and Minn Kota trolling motors said non-recurring costs and charges related to its European operations and higher legal, bad debt and sales expenses contributed to higher losses than usual in the quarter...(2/2/2012)

House Committee Rejects Bike Funding Amendment to Transportation Bill
The U.S. House of Representatives Transportation and Infrastructure (T&I) Committee narrowly rejected an amendment Thursday that would have restored funding of programs that have built thousands of bike lanes, sidewalks and trails over the past decade...(2/2/2012)

LaCrosse Footwear's Q4 Sales Drop 16 Percent
LaCrosse Footwear reported fourth-quarter sales slid 15.9 percent to $43.8 million, compared to $52.1 million in the same period of 2010. Sales to the outdoor market were down 20 percent, reflecting a cautious retail environment and unfavorable weather conditions during the second half of 2011, partially offset by stronger demand for the company’s new hiking boots...(2/2/2012)

MEC to Become Canada's Only Ghost Bikes Dealer
Mountain Equipment Co-op, will become the first North American retailer of Ghost Bikes in a partnership that marks further penetration of the North American market by Dutch bicycling giant Accell Group...(2/2/2012)

Unifi Reports Net Loss in Second Quarter Ended Dec. 25
Unifi Inc. reported a net loss of $7.6 million, or 38 cents per share, in the second quarter ended Dec. 25, marking its first loss in more than two years. A major provider of polyester fiber to sporting goods apparel brands, Unifi said net sales for the period increased $5 million, or 3 percent, to $167 million as higher sales prices offset unit volume softness caused by inventory destocking across the apparel supply chain...(2/2/2012)



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