The National Retail Federation on Monday increased the federation’s retail sales forecast for 2018, saying sales are expected to grow more than previously predicted thanks to tax reform and other positive economic inputs, but warning that tariffs threaten to dampen consumer confidence.
Category: Outdoor
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Firearms Unit Next Divestiture For Vista Outdoor
One month after Vista Outdoor Inc. announced an agreement to sell Bollé, Cébé and Serengeti, the company said firearms should be the next business unit to go—likely before divesting the company’s sports protection brands.
Amazon Veteran Takes The Reins As Onx CEO
After a 19-year career at e-commerce giant Amazon, Laura Orvidas has started a new venture as the CEO role at OnXmaps, Inc., provider of the Onx Hunt mobile app and a leader in mobile mapping technology for outdoor adventurers.
USA Dawgs Sold To PE Firm
Optimal Investment Group (OIG), a private equity firm based in Sherman Oaks, CA, announced today that the firm has acquired the assets of USA Dawgs Inc., a Nevada-based branded footwear distributor.
Pure Project Joins The Conservation Alliance
The Conservation Alliance welcomes San Diego-based craft beer producer Pure Project as the alliance’s newest member. In joining The Conservation Alliance, the brewing company is helping to protect public lands for future generations.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Outdoor Retailer Wraps Up Successful First Summer Market In Denver
Outdoor Retailer, the largest U.S. tradeshow and premier business event for the outdoor industry, wrapped up a successful first Outdoor Retailer Summer Market in Denver.
Family Trust of Garmin Executive Chairman Adopts Stock Disposition Plan
Garmin Ltd. on Thursday announced that a family trust, of which Min H. Kao, the company’s co-founder and executive chairman, is a co-trustee, has established a pre-arranged trading plan to sell a portion of the trust’s shares in the company over a designated period.
Canadian Tire’s Q2 Sales Miss Plan
Canadian Tire’s sales came in lower than expected in the second quarter due to a cold April. FGL Sports, the parent of Sport Chek, saw comps decline 3 percent.
Canada Goose Sees Q1 Revenues Climb 59 Percent
Canada Goose Inc., as expected, reported a loss in the first quarter ended June 30, but sales grew 58.5 percent.
Camping World Agrees To Acquire Holiday Hour RV In Illinois
Camping World Holdings Inc. announced that the company has signed an agreement to acquire Holiday Hour RV located in the greater DeKalb, IL, area.
Camping World Hit By Softness And Ramped-Up Investments At Gander
Shares of Camping World fell $3.17, or 14.3 percent, to $19.04 on Wednesday after the retailer reported both earnings and sales missed Wall Street targets and lowered the company’s profit outlook for the year. The RV retailer was impacted by losses at Gander Outdoors during the quarter as well as ramped-up investments to roll out Gander RV sections at Gander’s locations.
Outdoor Edge Appoints Three New Managers
David Bloch, president and founder of Outdoor Edge, announced today that the company has added three new employees to the company’s staff. Kirk Nichols has joined the company as export sales manager, Michael Egan has joined as the hardware sales manager and Jonathan Stahlman has come aboard as the key account sales manager.
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