Clarus is seeing solid improvement in sales as it reopens its owned retail stores, it told investors at the Stifel conference, with its six North American stores that reopened in May posting conversion rates in the 25-30% range. It plans to continue the planned openings of an unspecified number of new locations in the fall. In the wholesale channel, it said inventory buildup is not a concern given its product category breakdown of 85% equipment, 10% apparel and 5% footwear being largely immune to seasonality. The company does see a growth runway in apparel and footwear, calling out Black Diamond’s ... Log in to view full article.