August 10, 2017
The format envisioned by new parent Camping World will take the size of the Gander Outdoor footprint down to around 40,000 sq. ft. and set up specific shops that will cover its major retail product lines, ranging from Gander hunting products to Overton water sports, The House action sports and Camping World RV accessories.
Net income declined 43% to $16,916,000 from $29,124,000 for the first quarter ended Jul 2 on a 10% decline in sales to $568,749,000 from $630,269,000 that included $21 million in sales from the Camp Chef acquisition.
FGL sales were C$462.1 million ($364.1 mm) compared to C$452.0 million, despite a slow start to the quarter with a weak Apr. and May, but Jun. rebounded sharply led by the strength of the licensed business with five Canadian teams in the NHL playoffs.
Net loss was C$12,047,000 ($9.0 million) in fiscal Q1 ended Jun. 30 against a loss of C$14,028,000 last year, as GOOS’ sales jumped 80% to C$28,205,000 ($21.0 million) from C$15,695,000, by far its smallest quarter.
Black Diamond Inc., the parent company of Black Diamond Equipment and PIEPS, will change its name to Clarus Corporation, which was the company’s name until 2010, on Aug. 14.
Revenue surged 9.1% to $721,258,000 from $661,243,000 last month, and the Pou Sheng retail subsidiary sales gained 6.3% to $195,811,000 from $184,191,000.
Under Dog received a RMB2 million ($291,000) award from a Chinese court against Tingfei Long Sporting Goods that had been marketing sportswear there under the Uncle Martian brand with a logo that was nearly identical to the UA mark.
Sturm, Ruger is voluntarily recalling some of its Ruger Precision Rifles because they may experience firing mechanism failure due to interference between the aluminum bolt shroud and the cocking piece.