Relief Over Recast NAFTA Deal
With fears over the arrangement being scrapped entirely, relief arrived after the U.S., and Canada came to a last-minute agreement on a revised trade deal that could replace NAFTA. While the dairy and auto industries will face some changes, the impact on the apparel and footwear sectors appears negligible.
Yeti IPO Shows Revenues Bouncing Back
Yeti is taking the company’s second crack at going public after seeing sales plunge 22 percent in 2017 and witnessing a robust recovery so far this year. The slowdown was caused by over-buying by retailers that led to a glut of inventory in the marketplace as well as a challenging retail marketplace, in part caused by the delay in the merger of Bass Pro and Cabela’s and several retailer bankruptcies.
Gamo/Daisy Adds Industry Veteran VP of Sales
Gamo USA and Daisy Outdoor Products has announced the appointment of Wisconsin native Joe Syring as the new VP of sales for both companies. He will oversee and manage the entire sales system for both of these well-known airgun companies.
Sportfishing Industry Association Elevates Staff To Senior Leadership Positions
The American Sportfishing Association (ASA) on Monday announced the appointment of three staff members to senior leadership positions within the association.
5.11 Opens Store In West Palm Beach, FL
Tactical apparel and gear company 5.11 has opened a brick-and-mortar retail store in West Palm Beach, FL, providing another building block to the company’s 2018 retail expansion goal of 50 company-owned retail stores.
Aisle Talk Week of September 24
Top headlines from the active lifestyle industry you may have missed this week, including Amazon opening Amazon 4-star, a new physical store where everything for sale is rated four stars and above, is a top seller or is new and trending on Amazon.com.
Bass Pro Sues Startups From Ex-Cabela’s Employees
Bass Pro is suing two startup retailers in Sidney, NE, started by former Cabela’s managers, charging they stole proprietary information and violated non-compete agreements in starting their businesses.
Shareholders Win Vote Urging Smith & Wesson Maker To Review Safety Efforts
Investors in American Outdoor Brands Corp., the parent of Smith & Wesson, on Tuesday won a shareholder vote urging the firearms maker to do more to address gun violence. The proposal asks the company to track shootings involving their products and consider investing more in technology to prevent their unauthorized use. Nearly 70 percent of investors in Sturm, Ruger & Co. backed a similar shareholder proposal at that company in May.
Retail Reports Roundup
Studies arrived last week including Nike dominating apparel brands’ preferences, mixed views on social commerce, AI benefits to supply-chain efficiency, wide-ranging checkout opportunities and free delivery’s expanding appeal as well as another merry holiday forecast.
Aisle Talk Week of September 17
Top headlines from the active lifestyle industry you may have missed this week, including sales growth at Gregory Mountain Products and High Sierra helping Samsonite International S.A.’s financial performance in the six months ended June 30.
Sportfishing Industry Welcomes BEA Report Detailing Industry’s Contribution To U.S. Economy
The American Sportfishing Association (ASA), a founding member of the Outdoor Recreation Roundtable (ORR), today voiced the association’s support for the final report recognizing the outdoor recreation industry as a significant contributor to the U.S. economy.
Bass Pro Shops Expands FLW Sponsorship
Per terms of the agreement, Bass Pro Shops will retain title sponsorship of the FLW High School Fishing Opens. In addition to the title sponsorship, Bass Pro Shops will also receive exposure across all FLW platforms, including more than 260 tournaments and Expos.
Legendary Whitetails Pledges $1 Million To Help Cover Hunting License Costs
Legendary Whitetails, an American clothing company for white-tailed deer hunters and their families, celebrates the hunt and the company’s heritage this season with a $1 million investment to promote hunting.
Big Rock Sports Issues Hurricane Florence Update
Big Rock Sports, headquartered in Graham, NC, sent out an e-mail to its partners indicating that the company’s headquarters escaped damage from Hurricane Florence, its office in Morehead City experienced minor damage, and Hamlet Distribution Center (RC) opened with a small crew on Monday and expects to “be back to full speed within the next couple of days.”
Industry Voices Grow Louder In Opposition To Trade War
President Trump’s claim that increased tariffs on foreign goods have resulted in an improved business climate for U.S. companies has been widely rejected by representatives of the outdoor, sporting goods and active lifestyle industries, who are growing louder in their opposition to the administration’s escalating trade war.
