Sportsman’s Warehouse Opens First Storefront In Arkansas
Sportsman’s Warehouse opened a store in Hot Springs, marking its first retail location in Arkansas.
Authentic Closes on Acquisition of Boardriders
Authentic issued a quick statement late Friday morning that it had closed on the acquisition of street- and actions sports-lifestyle brands Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Honolua, and Boardriders.
REI to Open in Ithaca, NY
REI Co-op plans to open a store in Ithaca, NY in the summer of 2024 and hire approximately 50 employees.
EXEC: Academy Sports’ Shares Jump On Upbeat Outlook
Shares of Academy Sports and Outdoors, Inc. closed up $4.63, or 9.3 percent, to $54.57 Thursday as second-quarter earnings topped analysts’ estimates and the retailer reiterated its guidance for the year. Academy officials said sales steadily improved throughout the second quarter as customers responded to its message around value and newness.
EXEC: Mips AB Takes 25 Percent Stake in Sensor Technology Company
Quintessential Design’s proprietary technology reportedly turns passive gear into smart companions capable of detecting safety events, triggering emergency response protocols and connecting the closest emergency services to those in distress.
RVIA: 16 Million RV Travelers Will Hit the Road for Labor Day
Of the 95 million leisure travelers in the U.S. planning to travel over Labor Day weekend, 16 million intend to do so in an RV, according to a recent survey conducted by Cairn Consulting for the RV Industry Association.
Fjällräven Opens Palo Alto Store
Fjällräven expanded its global retail footprint by opening a new brand store in Palo Alto, CA.
Academy Sports’ Q2 Tops Wall Street Targets
Academy Sports and Outdoors, Inc. reported second-quarter earnings came in just ahead of analyst expectations. Same-store sales declined 7.5 percent in the quarter but improved throughout the quarter. Academy reiterated its sales guidance while raising its EPS outlook due to share repurchases.
Redarc Electronics Makes Four Key Sales & Marketing Hires
Hires include, Greg Gorski as global marketing director, Gary Langbo as the general manager of sales, North America, Savannah Goodwin as North American strategic marketing manager, and Doug Larsen as global website and e-commerce manager.
Lands’ End, Inc. Sees Q2 Loss Widen Despite Expanding Gross Margins
The company reported second-quarter net revenue decreased 7.9 percent to $323.3 million in the three-month period ended July 28, compared to $351.2 million in the second quarter of fiscal 2022.
Midwest Mountaineering to Close After 53-Year Run
The Minneapolis store reported losing money every month in 2023 through July and with declining sales for the last seven years except when outdoor gear sales saw a brief surge at the height of the pandemic.
Mivice Makes Key North America Sales Hire
Mivice, an e-drivetrain system supplier, hired Brad Accettella as North American business development and sales executive. Previously, Accettella previously was the COO of Brooklyn Bicycle Co. and director of product and supply chain for Guardian Bikes.
L.L.Bean Adds Academy Sports + Outdoors as Wholesale Key Account
Academy Sports will carry a wide assortment of L.L.Bean’s products, including polos, backpacks, men’s and women’s apparel, and the iconic Bean Boots.
MasterCraft Boat Holdings Sees Worsening Boat Trends in Fiscal Q4
The company said the 15.5 percent sales decrease in Q4 reflects decreased sales volumes, less favorable model mix, and increased dealer incentives, partially offset by higher prices.
EXEC: Mainland Headwear H1 Revenues, Profits Fall Double-Digits
The manufacturer and seller of headwear and accessories products said in its H1 report that manufacturers and traders faced the “challenges of built-up inventories waiting to be consumed, weakened new demand and stagnant production and sales.”
