SGB Executive

Led by healthy double-digit growth across all segments, Garmin Ltd.’s earnings shot up in the second quarter as sales catapulted 53 percent. Garmin officials significantly increased guidance across segments with growth now pegged at 17 percent for both the Fitness and Outdoor segments.

Winchester’s sales slightly more than doubled in the second quarter. Scott Sutton, chairman, president and CEO of Olin Corp, Winchester’s parent, told analysts on a conference call that the ammunition brand is looking to capitalize on the 57 million new recreational shooting participants that have arrived since the pandemic emerged.

In his quarterly note to shareholders, Martin Nordin, CEO of Fjällräven’s parent Fenix Outdoor International said the company saw continuing improvement in the second quarter in North America, especially with its direct-to-consumer segment sales nearly back to 2019 levels. However, weakness in Kanken backpacks continues to hold back a more meaningful recovery. 

Omega Sports has filed a reorganization plan that calls for the North Carolina-based retailer to reemerge from bankruptcy proceedings around its seven remaining stores and pay off creditors over the next three years.

With RMR surviving a competitive market, drought and the pandemic, it celebrates the milestone with a new 24,000-square-foot facility in West Virginia to continue growing in its market share.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of July 19, 2021 are covered in the SGB Updates and delivered to your inbox every business day.

Skechers USA Inc. shrugged off the continuing effects of COVID-19 across the international markets in the second quarter to ride a far less promotional retail environment to stronger sales, higher margins and record profitability.

With the pandemic-fueled explosion in outdoor participation, apps helping consumers to get outside are also booming. onX, an outdoor digital navigation/GPS mapping app that recently expanded into the offroad, ski and trail markets. Founded in 2009 for hunters, the company recently acquired Adventure Projects, whose mobile services offer guidebook details and photos, and the company recently added onX backcountry and offroad to its suite of apps. SGB Executive sat down with VP of Growth Chris Bate for her take on the company’s appetite for navigation apps.

Crocs Inc. significantly hiked its guidance for the year as robust demand across its clogs, sandals and Jibbitz segments easily offset logistics challenges in part tied to temporary factory closures due to spikes in COVID-19 cases.

At the recently-held NRF Retail Converge, Ken Voeller, director, circular commerce, REI and Karen Campbell, strategic planning and new business development director, Arc’teryx, discussed the ways their expanding resale programs are helping to reach their sustainability goals and customers.

After two buy-outs, most recently by VF Corp. and a cadre of world champion trail runners and Olympians in its fold, Altra is celebrating ten years of helping runners hit the trails. Founder Brian Beckstead discusses everything with SGB Executive from ownership under VF to what’s on the horizon for the brand.

In its mid-year report, StockX revealed another period of explosive growth with the help of expansion into categories beyond sneakers. The report also details the fastest-growing brands across core categories including sneakers, electronics, collectibles, apparel, and accessories. Said StockX CEO Scott Cutler, “There are strong synergies between our core sneaker enthusiasts and those customers who are passionate about apparel, accessories, collectibles, and gaming.”

A new study from the Recreational Boating & Fishing Foundation (RBFF) found that first-time fishing participants climbed to 4.4 million in 2020, a surge of 42 percent year-over-year. Like patterns seen in other outdoor activities, fishing reached new and diverse audiences as individuals picked up the sport as a remedy for COVID-19-related stress and anxiety.

Two of summertime’s biggest tradeshows for paddlesports are just around the corner, The Big Gear Show and Outdoor Retailer Summer Market, with iCAST at the end of July. But after a hard-fought year during the pandemic and a changing tradeshow landscape, is the industry, and are retailers attending? To find out, SGB Executive takes a look at all three.

American Outdoor Brands Inc. reported strong fourth-quarter results and predicted organic sales would grow at a CAGR of between 8 percent and 10 percent over the next four to five years due to heightened demand for “outdoor adventures” stemming from the pandemic. Brian Murphy, president and CEO, told analysts, “We believe the past year has ushered in an exciting new era for the outdoor industry.”