September 28, 2018
With talks between the U.S. and China to resolve the current trade war called off, industry executives are resigned to the reality that President Trump will be imposing tariffs on almost all imports from China which will unavoidably hit a vast swath of the sporting goods market.
The high-end cooler maker filed a confidential S-1 in July with a $100 million placeholder, although the final offering could be several times that amount, touting a return to top- and bottom-line growth in the first half of 2018 after a difficult 2017.
The global outdoor footwear market accelerated on the wholesale level in 2017 to $4,791 million from $4,502 million, bouncing back after a small decline in 2016, with strength in both U.S. and international sales.
Retail/rental revenue slipped 1% to $31,451,000 in the final fiscal quarter ended Jul. 31 from $31,612,000 last year, boosted by an increase at Whistler Blackcomb and incremental sales from Stowe, but with declines from stores at western U.S. resorts and in-town locations.
TerraTrike is recalling about 600 Rambler x16, All Terrain and E.V.O. trikes, because the right hand wheel hubmount can bend or break, allowing the user to lose control.