Boating Industry

January 2016

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LAUNCH January 2016 | Boating Industry | 9 HOT SPOTS Huge double- digit growth in jet boats Sales growth of jet boats are largely in the double digits across all regions in the U.S., according to recent data from Sta- tistical Surveys. New York is leading the way with 40 percent growth in the 12-month rolling pe- riod ending in October 2015. Orlando is not far behind with 38.09 percent growth, and other coastal regions such as Los Angeles, Seattle and Charlotte–Gastonia, N.C., are also seeing growth above 30 percent. The only region not showing double- digit growth is Detroit, where the jet boat segment grew by 8.78 percent. New York, NY 40.0% Orlando, FL 38.1% Seattle-Tacoma, WA 30.4% Tampa-St. Petersburg-Clearwater, FL 13.9% Los Angeles, CA 35.8% Charlotte-Gastonia, NC 34.9% Miami-Fort Lauderdale, FL 18.9% Dallas-Ft. Worth, TX 23.7% Detroit, MI 8.8% Houston, TX 27.8% Both Houston and Dallas-Forth Worth grew jet boat sales by over 20 percent. INDUSTRY NEWS CABELA'S TO EXPLORE SALE, OTHER STRATEGIC ALTERNATIVES Hunting and fishing superstore chain Cabela's announced it would be exploring "strategic alternatives" for the future of the company, including a potential sale. The company did not announce a timetable for the the pro- cess, and added that there was "no assurance that this review process will result in a sale transaction or other strategic alterna- tive of any kind." BASS PRO 'DEEPLY COMMITTED' TO FISHING HOLDING BRANDS IN WAKE OF RESIGNATIONS Several top executives at Fishing Holdings resigned in November, but owner Bass Pro Group remains "deeply committed" to the brands, the company said. Fishing Holdings president and CEO Randy Hopper, vice presi- dent of sales Keith Daffron and vice president of finance Mendel Hughes all abruptly resigned effective Nov. 23. Fishing Holdings includes the Ranger, Stratos and Triton brands. "We regretfully accepted the resignations of three executives at Fishing Holdings: Randy Hopper, Keith Daffron and Mendel Hughes," Bass Pro Group said in a statement. "These actions were voluntary and do not reflect any changes in philosophy with regard to management. We remain deeply committed to the Ranger, Stra- tos and Triton brands and have tremendous respect for the strong, independent dealer network." ITC RULES THAT GARMIN VIOLATED NAVICO PATENTS The International Trade Commission (ITC) has ruled that Garmin Ltd. DownVu scanning sonar products violate Navico's patents for DownScan Imaging technology. This ruling reverses an initial determination issued by an Administrative Law Judge last July, previously announced by Garmin Ltd. The ITC DownVu ruling prohibits Garmin from importing, selling, advertising and aiding or assisting distributors or retailers in selling all its infringing DownVu products, including the echo, echoMAP and GPSMAP products with their respective transduc- ers. Specifically, the commission has issued a Cease and Desist Order barring Garmin and its distributors from selling, or aiding others in the sale of, these products and has also issued an exclu- sion order directing U.S. Customs and Border Protection to reject their importation.

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