FN America Announces $18 Million Expansion Of Columbia, SC Manufacturing Facility
FN America, LLC, a U.S. subsidiary of FN Herstal, S.A., a global firearms manufacturer, reported that an $18 million expansion of its Columbia, SC facility will take place later this year with an expected completion in the first half of 2024.
Report: One In Five Campers Affected By Flooding And Natural Disasters In 2022
The Dyrt, an app for camping information and booking, found in its 2023 Camping Report that 18.1 percent of campers changed or canceled plans due to flooding and natural disasters last year. Many campers will be facing a similar situation this year, especially in California where the Sierra Nevada snowpack is the second highest on record since 1950 and 80 percent of it has yet to melt.
Hest Adds Sales Representation For Pacific Northwest
Hest reported that it partnered with Yukon Trading Company for sales representation in the Pacific Northwest region.
Wrangler And Lee Parent Sees U.S. Sales Growth Offset By China Declines
Kontoor Brands, Inc., led by Wrangler and Lee brands divested by VF Corp., saw strength in domestic wholesale and direct-to-consumer (DTC) more than offset by decreases in International wholesale, primarily driven by the continued impacts of COVID-policy changes in China.
Solo Brands Swings To Q1 Profit As Sales And Margins Expand
Solo Brands, Inc. saw net sales increase 7.3 percent to $88.2 million in the first quarter from $82.2 million in the first quarter of 2022. The increase was primarily driven by new strategic partnerships and continued market penetration within the wholesale sales channel.
Rock Ridge Outdoors Names VP Of Sales
Rock Ridge Outdoors, based in Minden, LA, named Janette Palmer as its new vice president of sales.
Rocky Brands Posts Q1 Loss As Wholesale Sales Falter On Retail Inventory Issues
Rocky Brands, Inc. reported that first quarter net sales decreased 33.9 percent to $110.4 million compared with $167.0 million in the first quarter of 2022. Wholesale sales for the first quarter decreased 40.2 percent to $80.1 million. The company reported a first quarter net loss of $0.4 million, or a loss of 5 cents per diluted share.
Camping World Profit Plummets 95 Percent In Q1 On New Vehicle Decline
Camping World Holdings, Inc. reported that first quarter revenue decreased 10.6 percent to $1.5 billion. Net income fell 95.4 percent to $4.9 million.
B. Riley Securities Adds Three Key Hires Covering Retail And Outdoor/Active Lifestyle
B. Riley Securities, a middle market investment bank and a subsidiary of B. Riley Financial, reported it made strategic hires across Consumer Industries.
NMMA Canada Appoints New Executive Director
NMMA Canada hired Marie-France MacKinnon as executive director, effective May 1, overseeing the association’s strategic and advocacy efforts in Canada.
Outtech, Inc. Acquired By Legacy1846 Outdoor Group
Outtech, Inc., with subsidiaries QuickFire and Peak Strategic Insights, was acquired by Legacy1846 Outdoor Group, an investment holding company.
SA Consumer Products Names New Chief Revenue Officer
SA Consumer Products hired Kevin Lipe as chief revenue officer, security products, reporting to company President Matthew Lyons.
Bass Pro Shops To Open Store In St. Louis Area
Bass Pro Shops will celebrate the official grand opening of its new Bass Pro Shops Outdoor World in Sunset Hills, MO, with a special Evening for Conservation on May 3.
Lazydays RV Posts Q1 Loss As Revenues Fall 21 Percent; Opens New Iowa Dealership
Lazydays has opened a new dealership in Council Bluffs, IA located just east of Omaha, NE. The store is the company’s 20th location nationwide and is expected to add approximately $35 million in annualized revenue.
KOA: Camping Sentiment High As Memorial Day Projections Surpass 2022
The Kampgrounds of America, Inc.’s (KOA) Monthly Research Report, April 2023 Edition, found that more U.S. households plan to camp over this year’s Memorial Day Weekend. With 22.6 million households saying they want to spend time outdoors during the May holiday, camping sentiment returned to on-season numbers.
