Weak demand and channel inventory de-stocking, particularly in the indoor/outdoor games categories, was partly offset by growth in the company’s Stiga table tennis, Bear Archery and Brunswick Billiards brands.
Author: SGB Media
Tractor Supply’s Q2 Comps Slip as Strength in Seasonal Offset by Discretionary Weeakness
The comp store sales decline was driven by a comparable average transaction count decline of 0.6 percent, partially offset by a comparable average ticket increase of 0.1 percent. EPS rose 2.6 percent.
Report: Performance and SportStyle Sneakers Continue Winning Streak
U.S. footwear sales in the second quarter were reportedly $10.2 billion, down by 2 percent versus the same period in 2023, according to data compiled by Circana, the retail tracking service.
EXEC: Moncler Group Posts Double-Digit Sales Growth in First Half
The company reported first half revenues increased 11 percent year-over-year in constant-currency terms to €1.23 billion, Moncler brand revenues of €1.04 billion and Stone Island brand revenues of €188.9 million.
EXEC: Rapala VMC Gets Back to Growth in First Half as Retail Market Improves
The Finnish fishing equipment and Nordic ski company described the operating environment in the first half of 2024 as “reasonable” as inflation started to ease and retail activity improved from 2023.
Kizik Names Chief Marketing Officer
Longtime U.S. footwear executive Elizabeth Drori will lead brand marketing efforts as the company expands its omnichannel business.
NFL Expands Partnership with New Era Cap to Include Outfitting Scouting Combine
The NFL’s expanded partnership with New Era Cap will provide all performance apparel and headwear used by NFL Combine participants and introduce a new apparel line.
Report: Over Half of U.S. Consumers Plan to Watch Olympics
Nike is the brand most associated with Team USA, with 64 percent of consumers associating Nike, an official outfitter of Team USA, with the Olympics, followed by Adidas at 39 percent, and Under Armour at 26 percent.
Raen Appoints New President and CEO
Jesse Northcott was promoted from CFO to president and chief executive officer. He brings over 20 years of experience in finance and operations, working for the company and with other industry brands.
Nike to “Modernize” Tech Division; Hires Former Salesforce Exec as CIO
Cheryan Jacob, a former Salesforce, Inc. executive, was hired this month as CIO as part of an effort to “modernize” the active lifestyle company’s technology infrastructure.
Sacks Parente Golf Plans Reverse Split of Shares to Maintain Nasdaq Compliance
The reverse stock split is intended to increase the price per share of the company’s common stock to allow it to demonstrate compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq.
Falco Holsters Expands Content Creation Team
Luke Cuenco has been a freelance writer for five years, including The Firearm Blog, OvertDefense.com, OutdoorHub.com, and AllOutdoor.com, and also has past experience in website development and SEO, customer service.
Yamaha U.S. Marine Business Unit Appoints Regulatory Affairs Manager
For the Yamaha Marine External Affairs Division, Kemba Solomon will reportedly work to “harmonize regulation and encourage a regulatory environment that aligns with business and technical realities” for the Yamaha Marine External Affairs Division.
Vudoo Gun Works Hires VP Sales & Marketing
Heather Miller reportedly brings over a decade of experience in the firearms industry, with a track record of driving revenue growth and enhancing brand and customer engagement.
GSM Outdoors Sold to Private Equity Firm
Platinum Equity has signed a definitive agreement to acquire GSM Outdoors from Gridiron Capital. The acquisition is expected to be completed in the third quarter of 2024. Gridiron Capital acquired GSM in 2020.
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