Home / Knowledge / News / Fashion / Outdoor retailer Gander Mountain expects lower sales, Q3

Outdoor retailer Gander Mountain expects lower sales, Q3

26
Oct '05
Leading outdoor lifestyle retailer, Gander Mountain Company announced that it no longer expects to meet its previously disclosed guidance for revenue of at least $850 million, flat comparable store sales and pretax income of at least $16 million for the fiscal year 2005.

The uncertainties about the economy, including the impact of higher energy prices, and the persistently warm weather across much of the country are contributing to weakness in sales. The company expects that comparable store sales in the third quarter will decline nine to ten percent versus the third quarter of fiscal 2004.

'Sales and gross margin in the third quarter have been disappointing,' said Mark Baker, President and CEO. 'However, they still have their most important selling period ahead of them with the peak hunting seasons and the holiday season, and they have taken steps to maximize current opportunities in response to the softer sales environment.'

'Their new store opening plans for 2006 are more conservative in light of the economic uncertainty, which they believe has a greater impact on specialty retailers that rely on discretionary consumer spending,' continued Baker. 'In 2006, as they surpass the 100-store mark, they expect to be in a position to realize more of the benefits of scale inherent in retailing and will focus on leveraging those opportunities for operating improvements.'

The company expects to report third quarter earnings on November 16 and willhold a conference call at 8:00 CST that morning to discuss third quarter results. At that time, the company will discuss guidance for fiscal 2005 full- year results.


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: B.Zhou / Shutterstock.com

Retail | On 27th Feb 2020

Retail brands restrict China operations amid COVID-19

The outbreak of COVID-19 is disrupting business dynamics in China....

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search