Daniel Defense Names Executive Director of Double D Foundation
The company said the Double D Foundation has “already made a powerful impact in Georgia and South Carolina by funding youth shooting sports teams, equipment and training, helping develop a culture of skill, responsibility and patriotism.”
Federal Ammunition Wins Ammo Contract for Canada Law Enforcement Entities
Owned by the Czechoslovak Group (CSG), Federal Ammunition was recently awarded contracts to supply several Canadian law enforcement organizations with handguns and rifle ammunition for training and duty purposes.
Rural King Opens New Warren, Ohio Store
With a legacy spanning over six decades, the new family-owned store offers mobile and self-checkouts, and carries outdoor brands including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods, and Henry Rifles, focusing on serving diverse customer needs.
EXEC: U.S. and China Agree to 90-Day Tariff Pause
In announcing a pause on the tariff war, the U.S. tariffs were cut to 30 percent from 145 percent, and the China tariffs on U.S. goods were cut to 10 percent from 125 percent as the two countries work to develop a long-term deal.
Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023
Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
EXEC: Merrell Parent’s CEO Lays Out Q1 Results, Tariff Plans and Q2 Growth Estimates
Wolverine Worldwide first quarter revenue grew by over 5 percent on an ongoing basis and nearly 7 percent on a constant-currency basis, with the results driven by the company’s two biggest brands: Saucony and Merrell.
Malibu Boats Sees Fiscal Q3 Sales Climb 12 Percent
Gains in the company’s Malibu segment offset declines in the Saltwater Fishing and Cobalt segments. The boat maker slightly lowered its guidance for the year due to softer retail trends and ongoing market uncertainty.
Kinsey’s Hires Software Engineer
Alyssa Zevallos, a 10-year industry veteran, has strong skill sets in digital engineering. She began her role at Kinsey’s on May 7 with a programming and software integration background.
Recall Expansion: Igloo 90-Quart Flip & Tow Rolling Cooler
This recall expansion involves an additional 130,000 Igloo 90 Quart Flip & Tow Rolling Coolers manufactured before January 2024.
EXEC: Yeti Slashes Guidance on Product Delays, Tariffs Fallout
Yeti’s moves to shift production out of China are ahead of plan with 90 percent of its U.S. drinkware capacity expected to be ex-China by the end of the year. However, delays caused by the sourcing shifts as well as the tariffs themselves caused the Yeti to ax its guidance for the year.
CNBC/NRF Retail Monitor Reveals April Easter/Spring Break Boost
Growth in the Clothing, Footwear and Accessories store sector accelerated from the March trend, and the sector that includes Sporting Goods stores was up 9.2 percent y/y unadjusted in April after a strong 6.6 percent y/y gain in March.
EXEC: SportChek’s Q1 Same-Store Sales Expand 6.3 Percent at CTC
Canadian Tire Corp. reported SportChek delivered a third consecutive quarter of comparable sales growth, up 6.3 percent, driven by strong sales across corporate and franchise stores. Skiing, snowboards, hockey, and outerwear were the top-performing categories in the quarter.
Merrell and Saucony Post DD Q1 Growth at Wolverine Worldwide
Merrell increased 13.2 percent (+14.4 percent cc) in the first quarter, and Saucony jumped 29.6 percent (+31.1 percent) year-over-year. International business increased 16.4 percent year-over-year.
Yeti Tops Analyst Estimates for Q1; Slashes Guidance on Tariffs Impact
The maker of coolers and insulated drinkware reported Q1 results that topped analyst estimates but lowered its outlook for the year due to the projected impact of tariffs and supply disruptions.
Coleman, Marmot Parent’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered the debt ratings of Newell Brands Inc., parent of Coleman, Marmot, Ex Officio, Stearns, Bubba and Contigo and other consumer brands, due to the company’s exposure to weakening discretionary demand for its products and incremental costs from announced tariffs.
