Vista Outdoor’s Earnings Decline on 14 Percent Revenue Slide
Vista Outdoor, Inc. reported earnings declined 54 percent in the fiscal first quarter ended June 25. Sales dropped 14 percent with sales down 26 percent in the Sporting Products segment while gaining 8 percent in the Outdoor Products segment. The company said results were in line with expectations and reiterated its guidance for the year.
Report: European Ski Brands Sold 3.7 Million Pairs of Skis in 2022/23
The FESI completed its annual market research of sell-in data for ski products. The organization, representing 25 leading ski brands in Europe and globally, collected and anonymized the data to present its market insights.
Elan Sports USA Retains New England Sales Representation
Elan Sports USA, the ski manufacturer, hired CK Sales Group to rep the line in New England, effective August 1, following the recent retirement of Peter Kidd, who sold the line in the region for over four decades.
WH inc. Hires New Creative Director, Two Other Key Creative Hires
WH, Inc. hired Hart Rusen as new creative director with over 20 years of industry experience, Senior Designer Ari Pal, who joins from Vail Resorts, and Production Designer Chase Kunz, who joins from Microsoft.
Marine Products Corp. Sees Q2 EPS Surge on Strong Double-Digit Sales Gain
The increase in net sales was said to be due to an 11 percent increase in the number of boats sold during the quarter and a 10 percent increase in the average selling price per boat, as well as an increase in parts and accessories sales.
Big Agnes Closes On Purchase Of Steamboat Springs Headquarters
Firehouse Holdings, LLC, wholly owned by the Big Agnes Ownership Group, which has been leasing to Big Agnes its headquarters in downtown Steamboat Spring, CO, closed on the building’s purchase on June 30, 2023.
Retail and Vendor Business Groups Say Court Erred in China 301 Tariff Case
The NRF, AFAA, FDRA and other business groups urge The U.S. Court of Appeals to reverse judgment and vacate List 3 and List 4A China Section 301 tariffs.
Report: RV Shipments Down Nearly 50 Percent in First Half
The RVIA’s June 2023 survey of manufacturers found that total RV shipments ended the month with 24,095 units, a decrease of 46.4 percent compared to June 2022. Halfway through 2023, RV shipments are down 49.2 percent.
UPS and Teamsters Reach Five-Year Deal, Averting Strike
UPS and the International Brotherhood of Teamsters, representing about 330,000 UPS employees in the U.S., have reportedly reached a tentative collective bargaining agreement.
Lazydays Closes on Knoxville RV Dealer Acquisition
Lazydays reported it completed the acquisition of Buddy Gregg RVs & Motor Homes in Knoxville, TN. The acquisition is expected to strengthen the company’s presence in the Knoxville market.
Shimano Pares Forecast Again as First Half Sales Trends Worsened
Shimano, Inc. again slightly lowered its outlook for the 2023 full year after reporting earnings declined in the first half on a 13.3 percent revenue decline, accelerating the decrease seen in the first quarter.
Academy Sports To Open Store in Fredericksburg, VA
Academy Sports and Outdoors, Inc. will open its first store in Fredericksburg, VA, in the fall of 2023; this is the retailer’s second store in Virginia. The store’s footprint is over 77,000 square feet.
Adidas Ups Full-Year Guidance After Prelim Q2 Results Show Yeezy Sales Bump
Adidas now expects currency-neutral revenues to decline mid-single-digits in 2023, compared to prior guidance of a high-single-digit decline. Adi now expects to report an operating loss of €450 million in 2023 compared to the previously guided loss of €700 million.
Columbia Sportswear Company Hires Director of Strategic Accounts
Columbia Sportswear Company hired long-time Reebok and Adidas sales pro Dave Stellick as director of strategic accounts.
Adidas Outdoor North America GM Departs
Michael Kadous, North America’s senior director and GM for Adidas Outdoor, Terrex and Five Ten since March 2019, exited the brand.
