OIA Webinar: Tariff War Likely Driving Extensive Supply Chain Changes
In a seminar presented by the Outdoor Industry Association (OIA), trade experts at KPMG said the U.S./China tariff war may end but the underlying geo-political issues impacting overall trade won’t any time soon. As a result, a holistic “intelligent supply chain” approach that encompasses both customs and supply chain planning will be required in the future.
U.S. Senate Passes Modern Fish Act
The U.S. Senate on Monday unanimously passed S.1520, the Modernizing Recreational Fisheries Management Act of 2017 (Modern Fish Act). The legislation, which would make critical updates to the oversight of federal fisheries, marks a big step forward for America’s angling community and now moves to the U.S. House for final passage.
Gander Outdoors Store Closes In Paducah, KY
A Gander Outdoors location has closed in Paducah in Kentucky. By all indications, the store is the second Gander Outdoors location to close since Camping World began re-opening former Gander Mountain locations late last year under the updated name.
GSM Acquires Crossfire Elite
GSM Outdoors LLC, a multi-brand manufacturer of specialized hunting and shooting products, has acquired Crossfire Elite LLC, manufacturer of branded nylon holsters. Terms were not disclosed.
Tariff Talk: How Is The Industry Responding?
GoPro last week announced plans to move most of its U.S.-bound camera production out of China by the summer of 2019 to mitigate the potential impact of inclusion on any new tariff lists. With significant uncertainty continuing, here’s an update from a few industry execs from third-quarter conference calls on what they’re planning to do to mitigate the potential tariff impact.
Aisle Talk Week Of December 10
Top headlines from the active lifestyle industry you may have missed this week, including Fanatics marking its first licensing agreement with a university, a 10-year deal with the University of Oregon to license, manufacture and sell its sports gear beginning on January 1, 2020.
Wall Street Reacts: Under Armour’s Investor Day
Most analysts applauded the progress Under Armour is making instilling greater operational and financial disciplines under its transformation efforts. Some were also encouraged by the innovation on display Wednesday at the company’s Investor Day in Baltimore. But growth concerns, particularly in North America, and overall execution issues in the competitive landscape continued to worry many on Wall Street.
Bass Pro Shops Partners With American Bass Anglers
Bass Pro Shops and American Bass Anglers announced today a multiyear partnership to provide more avenues for weekend anglers across the country. Bass Pro Shops will become the Title Sponsor of American Bass Anglers and will support a new 150hp bass tournament trail.
Under Armour Predicts Slow Recovery On Investor Day
At its Investor Day Wednesday in Baltimore, Under Armour officials touted early paybacks in its Transformation efforts and the brand’s ability tap into a Focused Performer consumer that globally represents $92 billion in revenue potential. But shares of Under Armour fell sharply on the day as Under Armour forecast only modest growth in the years ahead, including little pickup in North America.
Big Rock Sports Gear Up For First-Ever National Show
Big Rock Sports will hold its first-ever national Outdoor Expo in Nashville, TN from January 7–9, 2019. Based on previous years where the company held two regional shows, the company is seeing strong registration numbers for this bigger buying event.
Bass Pro Becomes Title Sponsor of Collegiate Bass Fishing Series
Under the agreement, Bass Pros Shops will become the title sponsor of the Collegiate Bass Fishing Series, as well as the title sponsor of the Big Bass Bash presented by Berkley event and the prestigious School of the Year program.
American Outdoor Brands Find Bundling Jumpstarts Firearms Growth
Despite ongoing weakness in firearms demand, American Outdoor Brands, the parent of Smith & Wesson, managed to post a 10.2 percent gain in revenues in its firearms segment in the second quarter ended October 31. The improvement stemmed from a successful ‘bundle’ promotions booked earlier in the year and shipped in the second quarter
Aisle Talk Week Of December 3
Top headlines from the active lifestyle industry you may have missed this week, including big news from trade show owner Emerald Expositions, which canceled Interbike (pictured) for 2019 and also shortened Outdoor Retailer Summer Market and Winter Market from four days to three days.
American Outdoor Brands Lifts Annual Guidance On Robust Q2
American Outdoor Brands Corp., the parent of Smith & Wesson, reported earnings on an adjusted basis rose 74.6 percent in the second quarter ended October 31 as sales grew 8.9 percent.
5.11 Opens Store In Indianapolis
Tactical apparel and gear brand 5.11 has opened a brick-and-mortar retail store in Indianapolis, IN, providing another building block to 5.11’s 2018 retail expansion goal of 50 company-owned retail stores.
