NMMA Sees New Powerboat Retail Sales Down Slightly in 2023
The National Marine Manufacturers Association reported that new powerboat retail sales are estimated to be down in 2023, approximately 1 percent to 3 percent, to 258,000 units.
Report: RV Shipments Post Rare Increase in November Led by Towables
Total RV shipments ended November with 25,160 units, an increase of 2.8 percent compared to the 24,470 units shipped in November 2022 due to the rise in towable RV’s. Total RV shipments are down 38.4 percent, with 291,652 units.
Patrick Industries Inc. Acquires Sportech, LLC in $315 Million Deal
Following closing, Sportech will continue its operations as a wholly owned subsidiary of Patrick under the Sportech name and within its existing facilities.
Columbia Sportswear Appoints Former Nike Brand President to Board
From 1979 to 2014, Denson held various positions at Nike, Inc., in different management roles, including president of the Nike Brand, a position he held from 2001 until his retirement in 2014.
EXEC: Giant Group Sees Another Steep Decline in December Revenues
While reporting sales down 25.8 percent for the month, the Taiwan-based bike manufacturing group saw a slight improvement versus Q4 and second-half 2023 trends in posting its second month in a row of moderating declines.
REI Plans to Open 10 New Stores in 2024
The co-op will open stores at Arrowhead Promenade in Glendale, The River in Rancho Mirage, and St. George Place in St. George. The new St. George Place store will include a ski and snowboard shop.
Puffin Drinkwear Hires VP of Wholesale Sales
Julian Davis will bring his extensive experience in sales and operations, account management and product marketing to the company.
Report: Two-Month Holiday Selling Season Sales Rose 3.07 Percent
Total retail sales for the full calendar year 2023 were up 5.32 percent over 2022, and core retail sales were up 4.46 percent.
Hobie Eyewear Announces Rep of the Year Awards
Hobie Eyewear, based in Oceanside, CA, honored Conrad Ferla and AJ McWhorter with the Rep of the Year Awards for their “exceptional achievements, embodying the spirit of the brand and contributing significantly to its growth.”
Daiwa USA Doubles Capacity with New California Office and DC
With the installation of the Daiwa logo sign above the main entrance this week, the tackle manufacturer officially completed its office and warehouse move, doubling space and capacity to ship product.
Camping World Adds Three Locations in Texas / Oklahoma Markets
The company is set to acquire Genuine RV, with locations in Texarkana and Nacogdoches, TX and Idabel, OK, bringing the company’s Texas location count to 13 and in Oklahoma to six.
NRF Chief Economist Sees Potential Rough Road Ahead for Retail
The National Retail Federation’s Chief Economist Jack Kleinhenz believes consumers spent more than expected amid high inflation and interest rates during 2023, but spending growth is likely to slow in 2024.
Finisterre Appoints President and GM for North America
UK-based surf lifestyle apparel brand appointed Chris Evans as president and general manager for North America. Most recently, he was the VP of international and sustainability at Vissla and previously held roles at Patagonia and Billabong.
Zumiez Sees Q4 Results at Low End of Guidance After Tough Holiday
Zumiez forecasted fiscal 2023 fourth-quarter sales to be near the low end of its guidance range of $275 million to $281 million and fourth-quarter earnings per share to also be near the low end of its range of 24 cents to 34 cents.
Coleman, Marmot Parent Sees Further Cuts in New Organizational Realignment
The majority of the plan’s costs are in the area of cash severance payments and other termination benefits. The company plans to reduce its office roles by approximately 7 percent, with most expected to be complete by the end of 2024.
