EXEC: Target Corporation Shares Hit New Low After Q3 Miss, Disappointing Guidance
S&P: Holiday 2024 Sales Growth Will Fall Short of 2023
CNBC/NRF: October Retail Sales Bounce Back
EXEC: Thule Group Set to Acquire Aussie Phone Mount Company
EXEC: Yeti Tops Q3 Targets, Accelerates Sourcing Shift Out of China
SGB Update
Modern America Campgrounds Acquires NH Campground with Four More in Pipeline
The largest RV park owner in the Northeast has acquired Winding River Campground in Exeter, NH. The company said the deal marks its 29th park acquisition in the last 24 months, with plans for 33 locations by the beginning of the 2025 season.
Report: Outdoor Recreation Contributes $1.2 Trillion to the U.S. Economy, Supports 5 Million U.S. Jobs
The newly revised data in this year’s BEA report, outlines that the outdoor recreation economy has grown 36 percent in real terms since 2012 and that outdoor recreation contributes more to the U.S. economy than farming, mining and utilities.
Banshee Brands Appoints JP Fischer as VP Sales for Retay USA and Breda America Group
Fischer brings over a decade of proven success in driving company growth within the competitive firearms and outdoor sports market, including having worked at Christensen Arms, Benelli USA and Smith & Wesson.
Lazydays Holdings Posts Deeper Loss as Sales Fall in Third Quarter
With a streamlined balance sheet, enhanced liquidity, and a simplified dealership network, Lazydays said it is better equipped to navigate the evolving RV landscape and deliver on our commitment to industry leadership.
Survey: Consumers Expected to Spend $125 Billion Over Thanksgiving Weekend 2024
ICSC said 90 percent of consumers – or 236 million people – plan to shop based on the results from the 2024 Thanksgiving Weekend Intentions survey.
SGB Executive
EXEC: Target Corporation Shares Hit New Low After Q3 Miss, Disappointing Guidance
For the fourth quarter, the company now expects approximately flat comparable sales and GAAP and Adjusted EPS of $1.85 to $2.45, translating to a full year expected GAAP and Adjusted EPS range of $8.30 to $8.90 per share.
EXEC: Thule Group Set to Acquire Aussie Phone Mount Company
Australia-based Quad Lock is expected to help to strengthen Thule Group’s position in the Asia-Pacific region, where the acquisition increases the share of Thule’s sales from ~5 percent to 10 percent. Direct-to-consumer sales will increase from ~7 percent to 15 percent of sales.
EXEC: Yeti Tops Q3 Targets, Accelerates Sourcing Shift Out of China
Yeti, Inc.’s third-quarter results topped analyst targets, boosted by newer categories, including bags, barware, and cookware. Matt Reintjes, president and CEO, said on an analyst call that the company’s efforts to diversify its supply chain continue to have half of the brand’s drinkware production sourced outside of China by 2025.
EXEC: Under Armour Shares Pop on Strong Q2 Earnings Beat
Shares of Under Armour surged 27 percent on Thursday after the company reported operating earnings topped guidance by $50 million due to efforts to reduce promotions at its DTC channels, particularly online. Under Armour President and CEO Kevin Plank expressed confidence that initiatives to elevate product and storytelling will drive a return to growth.
EXEC: SportChek’s Q3 Retail Sales Grow and Helly Hansen Declines for Parent Canadian Tire
SportChek retail sales increased 2.0 percent year-over-year and comparable sales were up 2.9 percent for the quarter, marking two consecutive quarters in which SportChek outperformed industry trends.
