Wilson Sporting Goods Co. celebrated the upcoming opening of its eighth retail store in the Mall of America last week.
Author: SGB Media
October U.S. Employment Numbers Fall Short of Expectations
Many noted that the 150,000 increase in jobs and the 3.9 percent unemployment rate were in line with the pre-pandemic employment picture and some wondered if maybe, just maybe, the market was getting back to normal.
Report: Foot Traffic Data Sees Possible Boost for Sporting Goods Retail for Black Friday
Year-over-year visit gaps at Recreational & Sporting Goods chains, Electronics Stores and Department Stores widened significantly since the end of August, but more recent data looks a little more promising, with all three categories now seeing their visit gaps begin to shrink.
Topgolf Sets Opening for Venue in Mobile, AL
Topgolf announced plans to open a venue in Mobile, AL, on November 17, its third in the state, in addition to Birmingham and Huntsville.
Evolv Adds Independent Sales Agency for MegaWest Territory
The SoCal-based climbing shoe brand hired the Three Saints Outdoor sales agency to expand the brand’s footprint in climbing gyms and retail stores throughout the Western U.S.
Lazydays Swings to Net Loss in Q3 on Mid-Teens Revenue Decline
The chain of RV dealerships posted a net loss was $5.6 million in Q3, compared to net income of $7.7 million for the corresponding period in 2022 as third quarter revenue decreased 15.9 percent year-over-year to $280.7 million.
EXEC: Boot Barn Cuts Q3 and Full Year Outlook as Retail Turns Sour
Fiscal Q2 retail store same-store sales declined 3.8 percent and e-commerce same-store sales declined 11.7 percent year-over-year. Comps were said to be in line with expectations through August, but September experienced softer-than-expected results and that trend reportedly continued into October.
Christy Sports Appoints New CEO, Marketing and Merchandising Chiefs
Christy Sports appointed Pete LaBore as chief executive officer, Mimi Nuelle as chief merchandising officer, and Danielle Quatrochi as chief marketing officer.
VF Corp.’s Debt Ratings Outlook Revised To Negative by S&P
S&P Global Ratings reduced its debt ratings outlook at VF Corp. on the company’s fiscal second-quarter report which came in below the rating agency’s base-case forecast with leverage increasing further to 4.4x compared with 3.6x in the same prior year period.
NSSF: October Adjusted NICS Background Checks Sees Rebound
The National Shooting Sports Foundation (NSSF) reported that the October 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) number increased by 8.2 percent, rebounding after five months of declines.
Compass Diversified Posts Flattish Q3, Sells Marucci Sports
Owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, reported that third quarter net sales were $569.6 million, down 1 percent compared to $575.8 million in the third quarter of 2022.
Fox Factory Slashes Guidance on Impact from Auto Strike/Elevated IBD Inventories
Fox Factory Holding Corp. reported third-quarter sales came in well below guidance while significantly lowering its outlook for the year due to the impact of the United Auto Workers strike and continued inventory destocking in bike channels.
Fox Factory to Acquire Marucci Sports
Fox Factory Holding Corp has reached an agreement to acquire Marucci Sports, the maker of baseball bats and gloves, from Compass Diversified (CODI) for $572 million.
EXEC: Vista Fine-Tunes New Structure, Leadership for Revelyst and Ammo Company
Vista Outdoor took the opportunity Thursday morning to update the market on the progress and process of the sale of the ammo segment and provide an opportunity for the new leadership of the two businesses to walk through the latest quarter.
Anglers All Fly Shop & Boathouse to Open in Denver Early 2024
The Denver shop will add to the Anglers All brand based in Littleton, CO, where the original fly shop is, along with the newly opened Boathouse.
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