Earnings in the fiscal first quarter ended June 30 came in well ahead of analyst targets, boosted by a spike in gross margins and 22.1 percent sales growth. Hoka once again led top-line gains, which saw sales jump 29.7 percent. Ugg’s sales gained 14.0 percent.
Category: Outdoor
CPSC Recalls Camzimo Bicycle Helmets Due to Risk of Head Injury
The CPSC advises customers who purchased the helmets to “cut the straps and dispose of the bicycle helmets immediately. Do no sell or give them away these hazardous bicycle helmets.”
Report: Travel Trailers Drive Growth for June Total RV Shipments
Travel Trailers was the only positive category in the total RV shipments, growing 16.3 percent and accounting for the positive shipments for All Towable RVs.
Robalo and Chaparral Parent Sees Q2 Profits Sink as Sales Fall 40 Percent
The decrease in net sales was primarily due to a 41 percent decrease in the number of boats sold during the quarter. Price/mix was up 1 percent, driven by higher gross selling prices.
Cirrus Cycles Appoints Lindsay Cousley as New President
Prior to consulting, Cousley reportedly spent 20-plus years driving sales across multiple brands in the outdoor, run and bicycle specialty channels including 2XU, Nathan, Crumpler, and Bridgedale Socks.
Nite Ize Secures Shape Trademark for S-Biner Dual Carabiner
The company secured a trademark for the visual appearance of its S-Biner Dual Carabiner in stainless steel and plastic from The U.S. Patent & Trademark Office.
Escalade Posts Q2 Sales and Profit Declines as Consumer Demand Contracts
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.
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.
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.
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.
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.
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.
New Report Identifies Major Retailer Concerns for Holiday 2024
Imagine steering your retail business into the bustling Holiday 2024 season while fixated on your rearview mirror. First Insight reported that’s essentially what retailers do when they rely solely on past sales data and old customer reviews.”
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