SGB Executive Sportsmans
Remington Sees More Than Post-Election Hangover In Firearms Slowdown
Beyond the “lower expectations of potential legislation,” Remington sees the slowdown, particularly in MSRs, reflecting increased competitive pressures from reduced consumer demand and excess inventories, increased manufacturing capacity, low barriers to entry in the MSR segment, lack of differentiation and “true value” in the segment, and higher imports.
Vista Outdoor Sees Firearms Sales Normalizing Mid-Year
Said CEO Mark DeYoung on a conference call, “We anticipate channel inventories will stabilize by mid FY’18 and we are determined to improve the performance in the second half of this fiscal year.”
Aisle Talk, Week Of May 8
Top headlines from the active lifestyle industry you may have missed this week.
Sport Chek Stung By Weather Woes In Q1
Winter jackets and winter boots categories declined due to the arrival of warm weather in January but athletic, hockey, accessories, licensing and ski/snowboard all showed gains.
Under Armour Off To Stellar Start At Kohl’s
Under Armour exceeded “a very aggressive launch” sales plan at Kohl’s with strong results across all categories, including men’s, women’s and children’s apparel, as well as footwear, said Kevin Mansell, the retailer’s CEO.
Sturm, Ruger Sees Sales Through Independent’s Slide
The firearms giant said it encountered lower overall retailer demand as some retailers committed inventory dollars to certain product categories such as modern sporting rifles in the third and fourth quarters of 2016 in advance of the November elections.
Wolverine’s Shares Climb On Upbeat Q1 Results
Among its major brands, Merrell grew low single-digits, Sperry was down low-double digits and Saucony was off mid-single digits.
Camping World Owner Vows To Revive Gander Mountain
Marcus Lemonis, chairman and CEO of Camping World, has pledged to bring back at least 70 Gander Mountain locations. He expects the chain will greatly benefit from lease renegotiations, a merchandise overhaul and localizing assortments by market.
Aisle Talk, Week Of May 1
Top headlines from the active lifestyle industry you may have missed this week.
Cabela’s Q1 Benefits From Expense Cuts, Credit Strength
Cabela’s not surprisingly saw earnings and sales decline in the first quarter as a result of an industry-wide downturn in firearms sales following the election of Donald Trump. But expense-containment efforts and healthy results from Cabela’s CLUB Visa program helped the retailer exceed Wall Street estimates.
Winchester’s Revenues Impacted By Surprise Election
John Fischer, chairman, president and CEO, said, “Customers reduced their inventory that had been built ahead of the November 2016 Presidential election, in anticipation of a different election outcome. We expect this impact to continue through the second quarter.”
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
Aisle Talk, Week Of April 24
Top headlines from the active lifestyle industry you may have missed this week.
Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
