A baseball bat rule change that USA Baseball issued in 2015 and which organizations such as Little League International adopted in January of last year helped manufacturers’ sales of bats surge 18.9 percent in 2018, according to recent wholesale data compiled by the Sports & Fitness Industry Association. The SFIA 2019 Manufacturers’ Sales Report showed that the overall sports and fitness products industry grew 2.3 percent in 2018 to $92.3 billion.
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Newest Tranche Of Tariffs Has Outdoor, Sporting Goods Industries Seething
This past week brought even more tumult to the deteriorating trade relationship between the U.S. and China, with both countries further digging in their heels by increasing tariffs on a host of new products. But as Washington and Beijing stand their ground in hopes of finding resolution on everything from trade imbalance to intellectual property concerns, consumers are the ones who stand to lose the most as prices on thousands of products are sure to rise.
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The ‘Tiger Bump’ Is Real … And It’s Spectacular
Tiger Woods’ emotional victory at the Masters Tournament last month gave the sport of golf a huge boost, delivering an undeniable economic shot in the arm for all stakeholders. Tiger’s success—the industry knows well and was reminded of once again—is everyone’s success.
Cost-Cutting Steadies Iconix In Q1 But Issues Remain
Shares of Iconix Brand Group Inc. fell 18 cents, or 13.2 percent, to $1.18 at market close Tuesday after the company earlier in the day reported a steep drop in first-quarter revenue but also an operating profit thanks to some well-orchestrated cost-cutting measures.
Short-Term Issues Force Callaway To Lower Jack Wolfskin Expectations
Market softness in the key markets of Central Europe and China along with foreign exchange headwinds prompted Callaway Golf Co. to lower its 2019 EBITDA expectations for Jack Wolfskin, the German-based outdoor apparel and gear brand that Callaway recently acquired.
Why Vista Outdoor Is Recommitting To Its Bell/Giro Business
Almost one year to the day that Vista Outdoor Inc. announced plans to sell its Bell/Giro business, the company took the bike protection segment off the selling block and committed to “rebuilding those brands with a fresh perspective,” said CEO Chris Metz, who shared some of the reasons why the company had a change of heart.
Acushnet Remains Bullish As Golf Industry Perks Up
The golf industry has been uplifted in recent weeks thanks to the start of spring, Tiger Woods’ win at the Masters and some upbeat participation reports. Despite reporting a mixed first quarter, Acushnet Holdings Corp., the parent of Titleist and FootJoy, is also bullish on the sport’s fortunes for these reasons and more.
As Headwinds Mount, Is Camping World Making The Right Moves?
Headwinds continue to batter Camping World Holdings Inc., with such factors as a soft RV market, tough comps with 2018, operational restructuring and even a lawsuit taking a toll on the company. Is Camping World making the right moves in response?
Strong Snow Season, Product Innovation Drive Clarus To Q1 Beat
Add Clarus Corp. to the growing list of beneficiaries of the record-setting 2018/19 ski and snowboard season. Historic snowfall led to the fourth-highest number of skier visits at resorts across the U.S., and it fueled winter sports enthusiasts to buy more products from brands like Clarus’ flagship, Black Diamond Equipment.
Advertising Missteps Sink Nautilus’ Q1 Performance
Leaders at Nautilus Inc. must be happy to put the first quarter behind them. Not only did the period see the company lose its CEO, but Monday’s first-quarter earnings report revealed much deeper problems than a C-suite transition, starting with advertising missteps that diminished its direct segment revenue.
Coleman Distribution Loss Drives Down Newell’s Q1 Performance
Outdoor equipment brand Coleman lost distribution at a key U.S. retailer, for coolers in particular, which was a key driver in parent company Newell Brands’ poor first-quarter performance that saw a 6.4 percent revenue decline in its Home & Outdoor Living segment. However, the company is “about to lap that distribution loss” by the end of Q2.
April M&A Roundup: BSN Grows Again, Volcom Gets Liberated
BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner.
Emerald CEO: Outdoor Retailer ‘Making Good Progress’ On Schedule Adoption
Outdoor Retailer is “making good progress” on convincing the industry that the three-show cycle—November for Winter Market, January for Snow Show and June for Summer Market—is the right cadence for buying cycles, according to Phil Evans, interim president and CEO and CFO of parent company Emerald Expositions Events Inc.
5.11 Tactical, Velocity Outdoor Shine For CODI In Mixed Q1
The two consumer brands in Compass Diversified Holdings’ portfolio that focus on the sportsmans categories—5.11 Tactical and Velocity Outdoor—were the only assets to show substantial pro forma net sales gains in the first quarter compared to the year-ago period.
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