CNBC/NRF Retail Monitor Sees January Reporting Strong Retail Sales Gains
The Sporting Goods, Hobby, Music, and Bookstores segment was down 1.9 percent m/m, seasonally-adjusted, but up 2.82 percent y/y, unadjusted, after a very strong December trend.
Coleman, Marmot Parent Sees Q4 Outdoor & Rec Segment Fall 7.9 Percent
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported that the company’s Outdoor & Recreation segment saw another revenue decline in the fourth quarter although it was a significantly smaller decline than in recent quarters.
EXEC: Under Armour Cautious on North America’s Return to Growth
Under Armour, Inc. reported third-quarter results that exceeded guidance for the third straight quarter with the help of some recovery in North America. However, Under Armour CEO Kevin Plank declined to forecast a return to growth in the region, with the current priority of driving full-price sales.
Michigan Consumer Sentiment Index Declines for First Time in Six Months
Consumer sentiment fell for the first time in six months and is down 10 percent versus a year ago, according to the final January report for the Michigan Consumer Sentiment Index.
Costco Comps Grow 9.8 Percent in January Ex-Fuel
Costco Wholesale Corporation reported net sales of $19.51 billion for the retail month of January, an increase of 9.2 percent from $17.87 billion last year.
Under Armour Shares Rise After Q3 Beat on Estimates; Raises Fiscal 2025 Outlook
Under Armour Inc. raised its sales and EPS guidance for its fiscal year ended March 31 after third-quarter results topped expectations. Sales were down 6 percent in the third quarter with an 8 percent decline in the North America region.
Canada Goose Misses Q3 Revenue Targets on DTC Softness
Canada Goose’s revenues in the fiscal third quarter ended December 29 came in below Wall Street’s estimates as DTC comps missed plan, down 6.2 percent. Earnings on an adjusted basis in the third quarter rose 7.0 percent while overall sales declined 2.2 percent.
Sportsman’s Warehouse Taps Walmart Vet Jeff Dunn as Chief Merchant
Dunn was most recently chief merchandising officer at Galaxy Universal. Prior, he served in a variety of merchandising roles at Walmart over a 12-year period, including VP/DMM for Sporting Goods and VP/DMM for Footwear.
Winchester Ammunition Breaks Ground on New 6.8mm Ammunition Facility
The company said the 450,000-square-foot advanced ammunition production facility can manufacture all components of 6.8mm ammunition and finished rounds for the U.S. military, reinforcing the legacy of the LCAAP and its vital role in U.S. national defense.
Fierce Firearms Strengthens Leadership with Strategic Hires
The US-based firearms manufacturer appointed Paul Parrott as vice president of Marketing, Sales and Product Development. Alec Rasmussen has joined the company as marketing manager.
SC Products Group Merges with Desert Tactical
Based on the SC-14 Gun Cleaner’s launch and first-year growth in 2024, the SC Products Group and Desert Tactical leadership teams made the strategic decision to consolidate operations under the SC Products Group, LLC
EXEC: Columbia Sportswear Shares Fall on Q4 EPS Miss and Tepid Q1 Forecast
Net sales increased 3 percent to $1.10 billion in the fourth quarter. First quarter net sales are expected to range between $749 million and $764 million, representing a decline of 3 percent to 1 percent from $770 million for the comparable Q1 period in 2024.
Archive Raises $30M Series B Funding to Expand Resale Intelligence Software
Archive said it has launched new partnerships with New Balance, Fjällräven and Dr. Martens, among others, in addition to expanding existing resale programs with The North Face, DVF, Faherty, and M.M.LaFleur.
AirBoss Defense Group Awarded 3-Year Boot Contract Valued at up to $82.3 Million
The manufacturer of survivability solutions has announced that the U.S. government selected the ADG Molded AirBoss Lightweight Overboot (MALO) for its CBRN overboot program contract, worth up to an aggregate amount of $82.3 million.
Crow Shooting Supply Rebrands to Crow Wholesale
Crow Wholesale is a full-line supplier of over 140 of the world’s premier shooting industry manufacturers. Alongside this rebrand, the 40-year-old company has launched a new website designed to provide a “seamless and efficient shopping experience tailored to the needs of its partners.”
