Aisle Talk Week Of March 11
Top headlines from the active lifestyle industry you may have missed this week, including Brooks Running Company’s promotion of Dan Sheridan to a newly configured role of EVP and chief operating officer.
Dick’s Traffic Doldrums Continue
Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year.
American Outdoor Brands Provides Bleak Outlook For Firearms
American Outdoor Brands, the parent of Smith & Wesson, reported year-over-year increases in revenue and operating profits in the third quarter ended January 31 with the help of successful promotions, but also delivered a soft outlook going forward with no signs of a pickup in firearms demand.
Bass Pro Shuttering Facilities In Sidney, Oshkosh In Nebraska
Bass Pro Shops announced it will be closing a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE. A total of 162 jobs will be affected.
American Outdoor Brands To Merge Electro-Optics Into Outdoor Products & Accessories Segment
American Outdoor Brands, the parent of Smith & Wesson, reported earnings in the third quarter ended January 31 before charges exceeded guidance as sales grew 2.9 percent year-over-year. But an impairment charge was taken to merge its Electro-Optics division with its Outdoor Products & Accessories division.
Academy Sports Signs On As Presenting Sponsor Of Bassmaster High School Series
Academy Sports + Outdoors announced a partnership with B.A.S.S. that will help both organizations continue to grow the sport of fishing for years to come.
Firearms Background Checks Drop In February
FBI background checks, as adjusted by the NSSF, were down 12.8 percent in February to 1.11 million, a decrease of 12.8 percent compared to the February 2018 NSSF-adjusted NICS figure of 1.27 million.
Four Questions: Matt Highby, President, Highby Outdoors
In early February, a number of former Cabela’s employees, led by Matt Highby, officially launched Highby Outdoors, an e-commerce site focusing on hunting and outdoor gear. SGB talked to Highby about what inspired the concept.
5.11 And Velocity Outdoor Deliver Double-Digit Growth For CODI In 2018
Compass Diversified Holdings’ (CODI) reported 5.11’s 2018 revenues expanded 12.2 percent in 2018 while Velocity Outdoor’s revenue increased 10.3 percent. Liberty Safe saw a 10.1 percent decline last year.
Camping World Delays 10K Filing
Camping World Holdings Inc. announced that has filed a Form 12b-25 with the U.S. Securities and Exchange Commission providing the company a 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2018
House Passes Gun-Control Measure Expanding Background Checks
The Democratic-led House on Wednesday passed an expansion of background checks for nearly all gun sales. The measure extends background checks to guns purchased outside of licensed gun dealers.
Big 5 Turns Bullish As Winter Kicks In
Big 5 Sporting Goods Corp. said its holiday quarter came out better than expected as chilly weather goosed sales. Continued seasonal weather into February also has the California-based chain upbeat for the first quarter.
Academy Sports To Open Five Stores
Academy Sports + Outdoors announced plans to open five stores. The stores will open in Georgetown, TX; Buford, GA; Gastonia and Mooresville NC; and Ardmore, OK.
NSSF Partners To Launch Gun Safety Videos For Children
The National Shooting Sports Foundation (NSSF) has partnered with the National Crime Prevention Council (NCPC) to produce two new firearms safety videos starring McGruff The Crime Dog and his nephew Scruff to help teach young children how to react should they see an unsecured firearm.
Rocky Brands Q4 Boosted By Higher Margins, Plant Efficiencies
Helped by vibrant sales at its higher-margin retail segment and steps to improve efficiencies at company-operated manufacturing facilities, Rocky Brands Inc. reported earnings on an adjutted basis rose 28.6 percent in the fourth quarter ended December 31.
