Z-Man Adds and Upgrades Fishing Tackle Talent to Team
Six-year Z-Man veteran and previous sales manager Ryan Harder was promoted this past summer to brand manager. Brandon McKellar recently joined the company at its home office in Ladson, SC to backfill Harder’s former role.
Vista Outdoor Gets Antitrust Nod for Ammo Business Sale
Vista Outdoor, Inc. reported that the deal to merge its sporting products business with Czechoslovak Group a.s. has cleared the antitrust clearance period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
EXEC: Giant Group Revenues Decline 28 Percent in November
Still, the Taiwan-based bicycle manufacturing group reported good news—the November sales trend was a sequential improvement from October when the company posted a 34.4 percent revenue decline.
Jack Wolfskin CEO Makes Move to Travel Lifestyle Brand
Richard Collier tipped his hand last week when he announced on LinkedIn he would be the new CEO of luggage, travel gear and lifestyle brand Db, starting in January 2024.
Vasque Expands Product Team with Development Lead
Vasque Footwear expanded its product department hiring Austyn Dunham to lead footwear development. She is responsible for design intent, managing the construction phase and collaborating with suppliers and manufacturers through product fruition.
Arrive Recommerce Appoints Backcountry Vet as CTO
The company hired Alec Wilkins as chief technology officer. Wilkins was previously head of product and engineering at Backcountry and CPO/CTO at Overstock.com.
RV Retailer’s Debt Ratings Outlook Revised To Negative
S&P Global Ratings lowered its debt ratings on RV Retailer Intermediate Holdings LLC due to a “steeper decline in retail unit sales, lower average selling prices, and compressed margins” than expected.
CNBC/NRF: Strong Retail Sales Gain for First Half of Holiday Season
According to CNBC/NRF Retail Monitor, the holiday shopping season began with a strong start in November as retail sales with total retail sales, excluding automobiles and gas, up 0.77 percent seasonally adjusted month over month and up 4.24 percent unadjusted year-over-year.
EXEC: Craft North America CEO Talks Gaining Traction in Run Footwear
In late November, Craft Sportswear announced plans for a phased relocation of its North American headquarters to Seattle, WA, in 2024 to bolster the brand’s expansion into outdoor and specialty retail and its recent entry into running footwear in the U.S. Craft North America CEO Eric Schenker talked with SGB Executive about Craft Sportswear’s heritage, the run footwear opportunity, and why the CEO has chosen not to move to Seattle.
RVIA Expects RV Shipments to Post Double-Digit Growth in 2024
The new forecast projects 2024 RV shipments to range between 343,900 and 356,300 units with a median total of 350,100 units. This total would represent a 11.8 percent to 15.8 percent increase over the expected 2023 year-end range.
NRF: Imports Peaked in October, Volume Expected to Increase in 2024
Inbound cargo volume at the major container ports in the U.S. will continue to slow during the final weeks of 2023 after peaking later than expected in the fall, according to the Global Port Tracker* report released by the NRF and Hackett Associates.
NRF: Economy Delivers “Vigorous Growth” Despite Slowdown
According to the National Retail Federation’s Chief Economist Jack Kleinhenz, after a challenging year, the economy remains healthy despite slowing.
GoPro Named Official Camera of Vans Pipe Masters Surf Contest
The world’s most versatile camera is set to deliver epic perspectives from the legendary Pipeline Wave on the North Shore of Oahu
EXEC: Lululemon’s Tepid Holiday Guidance Overshadows Strong Q3
Lululemon Athletica, Inc. lifted its overall full-year outlook after earnings and sales in the third quarter ended October 29 topped guidance for the third straight quarter but also forecast fourth-quarter guidance that came in lighter than expected in an apparent sign to investors of a potential sales slowdown.
Johnson Outdoors Sees Q4 Revenues Halved as Fishing Sinks
Consolidated net sales in fiscal Q4 were $96.3 million, a $100.1 million decrease from the prior-year Q4 sales of $196.4 million. The net loss for the quarter was $16.0 million, or a loss of $1.56 a share, compared to net income of $9.7 million, or EPS of 95 cents a share in the fiscal 2022 fourth quarter.
