NRF: Holiday Spending on Track for Steady Growth Amid ‘Mixed Signals’ on Economic Data
NRF Chief Economist, Jack Kleinhenz, reported in the November Issue of the NRF’s Monthly Economic Review, that it continues to expect steady sales growth for the winter holiday season despite contradictions in the latest economic indicators.
EXEC: Yeti Tops Q3 Targets, Accelerates Sourcing Shift Out of China
Yeti, Inc.’s third-quarter results topped analyst targets, boosted by newer categories, including bags, barware, and cookware. Matt Reintjes, president and CEO, said on an analyst call that the company’s efforts to diversify its supply chain continue to have half of the brand’s drinkware production sourced outside of China by 2025.
EXEC: Under Armour Shares Pop on Strong Q2 Earnings Beat
Shares of Under Armour surged 27 percent on Thursday after the company reported operating earnings topped guidance by $50 million due to efforts to reduce promotions at its DTC channels, particularly online. Under Armour President and CEO Kevin Plank expressed confidence that initiatives to elevate product and storytelling will drive a return to growth.
Lancer Systems Adds New Sales & Marketing Manager
Molly Teutimez joins Lancer with over ten years of experience in sales management, marketing and operational sales, most recently having worked for American Outdoor Brands.
EXEC: SportChek’s Q3 Retail Sales Grow and Helly Hansen Declines for Parent Canadian Tire
SportChek retail sales increased 2.0 percent year-over-year and comparable sales were up 2.9 percent for the quarter, marking two consecutive quarters in which SportChek outperformed industry trends.
Merrell and Saucony Post Above-Plan Q3 Sales; Parent Lifts FY Guidance
Wolverine World Wide, Inc. raised its revenue and earnings guidance for the year after sales in the third quarter, which exceeded company expectations, driven by above-plan performances from Merrell and Saucony. Gross margins expanded 450 basis points on significantly lower inventory levels.
Vista Outdoor’s Q2 Sales Slide 1.6 Percent as Ammo Growth Offsets Outdoor Declines
Vista Outdoor Inc. reported sales declined 1.6 percent in the fiscal second quarter ended September 30 as sales declined 3.9 percent at its Revelyst outdoor products segment and inched up 0.5 percent at Kinetic Group. Results were in line with expectations with Revelyst exceeding plan. Vista’s board again unanimously recommended shareholders vote for a deal to sell Kinetic Group with Czechoslovak Group (CSG).
Traeger, Inc. Halves Q3 Adjusted Net Loss on Strong Grills Revenue Growth
North America revenue increased 10.4 percent year-over-year in the third quarter. Rest of World revenues decreased 40.1 percent in the third quarter compared to the prior-year third quarter.
NSSF: NICS Background Checks Decline in October
The National Shooting Sports Foundation (NSSF) reported that the October 2024 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure slipped 5.0 percent year-over-year, missing a typical bump that has occurred in past election-year cycles.
Report: Handgun Sales Slide in Q3 While Shotguns Lead Firearms Growth
RetailBI, a flagship product of Gearfire, released its Q3 2024 Shooting Sports Retail Report, which outlines the key trends and data from over 2,400 firearms retailers that displays a mixed performance.
MasterCraft Boat Holdings Raises Outlook as Retailer Inventories Get Cleaner
Given the incremental retail visibility and progress reducing field inventories during the quarter, the company raised the lower end of its full year guidance.
Shooting Sports Industry Mourns the Passing of Richard Beebe
For 50 years, Richard Beebe was the driving force behind Redding Reloading Equipment. He passed away at his home in Central NY on October 31, 2024, surrounded by his family. His pursuit of quality and precision was relentless and his dedication and hard work was, and will continue to be, inspiring.
NRF Study Sees Sharp Increase in Cost to Consumers with Tariff Increase
The National Retail Federation is suggests in its latest study that U.S. consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the United States are implemented.
Sitka Gear Expands Midwest Presence with New Illinois Store
The Vernon Hills store joins the Sitka Gear flagship store in Bozeman, MT, and recently opened stores in Dallas, Atlanta, Charlotte, and two stores in the Minneapolis, MN metro area.
ICSC Sets 2025 Transition Plan for Chief Operating Officer Role
International Council of Shopping Centers, is reporting that Whitney Livingston will join the trade association as chief operating officer in March 2025, succeeding Valerie Richardson, who plans to retire at the end of 2025.
