Callaway Golf reported second-quarter results came in better-than-expected as the golf equipment business quickly bounced back as stores and golf courses reopened and golf participation spiked. The apparel businesses, Jack Wolfskin and TravisMathew, have also recovered albeit to a lesser degree. (Read More)
Vista Outdoor Inc., parent company of Camelbak, Bushnell, Bell, Giro, Federal and many more outdoor-oriented brands, said that outdoor recreation quickly became the go-to form of exercise and entertainment during the COVID-19 shutdown, which drove stronger-than-expected sales in most categories in the fiscal first quarter ended June 28. (Read More)
Canadian Tire Corp. reported sales dropped 24.9 percent at its SportChek segment during the quarter while sales sunk 21.4 percent at Helly Hansen as both were impacted by store closures. Both businesses turned positive in June, led by online growth. (Read More)
The overall positive jobs report trend for July got a boost from the sector that includes the sporting goods retail business. The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment rose by 1.8 million in July and the Establishment Survey Data that includes breakdowns for specific sectors of the market saw the Sporting Goods, Hobby, Book, and Music Stores segment add 18,700 jobs in July, or a 4.4 percent increase, lagging the overall retail sector. (Read More)
Winchester’s sales increased 16.8 percent to $192.6 million for the second quarter, compared to $164.9 million in the second quarter 2019. (Read More)
