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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...

Hibbett Q4 Profits Surge on 9.6% Comp Gain
Hibbett Sports, Inc. reported sales increased 12.1% in the fourth quarter ended Jan. 30, to $166.8 million from $147.9 million a year ago. Comparable store sales increased 9.6%. Earnings jumped 54.0% to $11.8 million, or 40 cents a share, from $7.6 million, or 26 cents, a year ago...(3/12/2010)

VF Corp. to Open Panama Sourcing Office
VF Corp. will establish a supply chain office to manage purchasing in the Latin America region in Panama City, Panama by October, The Business Journal of the Triad Area reported...(3/12/2010)

Bikes Belong Launches National Campaign
Bikes Belong officially launched peopleforbikes.org – a brand new initiative to put more people on bikes more often and amplify the bike lobby's voice with electd officials. The campaign was unvieled this week at the National Bike Summit in Washington DC, where 700 cycling enthusiasts met for Bikes Belong's annual lobbying trip.(3/12/2010)

New Denver Venue Helps SIA Snow Show Set Attendance Record
SnowSports Industries America (SIA) is reporting a six-year attendance high for the inaugural Snow Show recently held at the Colorado Convention Center in Denver from Jan. 28-31, 2010. The sold-out Snow Show attracted 18,932 attendees and featured over 3,100 booths representing 845 snow sports brands, including 125 new exhibitors.(3/11/2010)

REI Comp Sales Fell 3.5% in 2009
Comp stores sales at Recreational Equipment Inc. (REI) declined 3.5% in 2009, or less than the 5% decline the co-op had expected, the Seattle Times reported... (3/11/2010)

West Marine Delays Earnings Release
West Marine, Inc. announced that it has delayed the release of its 2009 fourth-quarter and fiscal-year earnings release, as well as the related conference call and webcast scheduled to take place today (March 11, 2010) while working through final audit items with its new independent registered public accounting firm...(3/11/2010)

Zumiez's Profits Jump 39.6%
Zumiez Inc. reported sales for the fourth quarter ended Jan. 30, increased 5.6% to $132.4 million from $125.5 million a year ago. Net income rose to $8.8 million, or 9 cents a share, from $6.3 million or 21 cents, a year ago...(3/11/2010)

Performance Bicyle to Open New California Store Next Month
Performance Bicycle said it will open its 27th store in California in Santa Rosa on April 9...(3/11/2010)



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