NRF Forecasts Mid-Single-Digit Retail Sales Growth In 2023
The National Retail Federation issued its annual forecast today, anticipating that retail sales will grow between 4 percent and 6 percent in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion in 2023.
RecNation Acquires First RV Storage Facility in Nashville Market
RecNation Storage has acquired its first premier recreational storage facility in Nashville, TN. The company said it is the first institutional grade specialized storage company created to serve the growing need for recreational vehicle storage
Helinox Opens Second Creative Center In Busan, South Korea
Helinox, the manufacturer of lightweight, portable furniture for outdoor use, recently opened its second multi-story Helinox Creative Center Busan (HCC Busan). Busan is the second largest city in South Korea know for urban design and outdoor escapes.
RV Industry Association Sees February RV Shipments Down Nearly 54 Percent
The RV Industry Association reported that a February 2023 survey of manufacturers determined total RV shipments ended the month with 24,903 units, a decrease of (-53.7 percent) compared to the record 53,773 units shipped in February 2022.
Caracal USA Names New VP Sales For American Market
Caracal USA has named Bill Silver, a firearms industry sales veteran, as vice president of sales for the American market.
Hipcamp Launches Free Public Lands Campsite Maps
Campsite booking platform Hipcamp launched free public lands maps to find and book available campsites in the U.S. that are on or near points of interest on public lands.
Chris-Craft Opens New Manufacturing Facility In Sarasota
Boat manufacturer Chris-Craft, a wholly-owned subsidiary of Winnebago Industries, reported it opened a new manufacturing facility in Sarasota, FL. Building 5 increases the company’s production capacity by 50 percent and spans over 70,000 square feet, allowing for the complete build of boats.
Compass Diversified Re-Works Board As Sally McCoy Plans Departure
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.
Ammo, Inc. Extends Share Repurchase Plan
Ammo, Inc.’s Board of Directors approved extending its share repurchase program for up to $30 million of its outstanding common stock until February 2024.
Brunswick Corp. Sees Strong Showing For Boat Brands At Recent Show
Brunswick Corporation reported that its boat brands finished off at the Palm Beach International Boat show with record outboard market share and increased boat sales.
Winnebago To Acquire Lithium-Ion Battery Solutions Provider
Winnebago Industries, Inc. has agreed to acquire Lithionics Battery, a lithium-ion battery provider, to the recreational equipment and specialty vehicle markets. The terms of the deal were not disclosed.
Revo Brands Hires Chief Revenue Officer
Revo Brands, the parent company of Real Avid and Outdoor Edge Cutlery, hired Kenan Ikels as chief revenue officer. In this role, Ikels leads sales for Revo Brands with responsibility for the company’s top-line revenue growth.
Black Diamond Voluntarily Recalls Recon LT Avalanche Transceiver
Black Diamond Equipment issued a voluntary recall for its Recon LT avalanche transceiver to update the required firmware.
Outdoor Industry Icon, Norm Cavallaro, Passes Away
Outdoor Industry icon Norm Cavallaro passed away on March 18 at 75 surrounded by his family. He was beloved in the industry as the founder and CEO of North Cove Outfitters and was a member of the OIA board. He also served as a brand ambassador for Swarovski Optik, reflecting his passion for birding.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
