EXEC: Giant Group Saw Ugly but Improving Trends in First Half; H2 Shaping Up Nicely
The 5.8 percent decline in Q2 was a clear quarter-over-quarter sequential improvement versus the 2024 first quarter, when Giant Group saw revenues fall 20.2 percent for the January through March period, on top of a 9.7 percent decrease in the corresponding Q1 period last year.
Outtech Adds Acurite to Brand Stable
Outtech, the sales and marketing agency for the outdoor industry, added the manufacturer of weather stations and weather technology for outdoor and indoor home monitoring, to its portfolio of brands.
Deuter to Integrate Packs With HydraPak Hydration Reservoirs and Soft Flasks
Deuter will integrate customized hydration reservoirs and soft flasks designed by HydraPak into a range of its performance backpacks. Deuter expects to release the first product to the market in Spring 2025.
Massimo Group Sees 32 Percent Q2 Growth on E-Bikes, UTVs & ATVs Segment Gains
Revenue from sales of UTVs, ATVs, and E-Bikes increased 53.3 percent to $34.2 million in the second quarter, partially offset by a 73.5 percent decrease in revenue from sales of pontoon boats.
Farmers’ Almanac Releases Wet Winter Whirlwind Forecast
The Farmers’ Almanac warns that winter 2024/25 will be a “wet whirlwind,” meaning there will be a lot of precipitation and storms. Depending on where you live, you may see a lot of snow or rain.
CNBC/NRF Retail Monitor Reveals Lower Growth in July Core Retail Sales Trend
July’s increase of 1.7 percent was half the June trend, which showed a 3.4 percent increase y/y. Sporting goods, hobbies, music, and bookstores were up just 1.1 percent y/y, while clothing and accessory stores fell 4.8 percent.
Report: Hunting License Sales Remain Steady in 2022/23
The Council to Advance Hunting and Shooting Sports found in its 2022/23 survey that hunting license sales are relatively stable at the national level.
Vudoo Gun Works Taps Go Big Tactical as Sole Canadian Distributor
Effective immediately, Go Big Tactical will manage all sales and distribution inquiries for Vudoo Gun Works products in Canada.
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MasterCraft Boat Holdings Divests Aviara Brand to MarineMax Subsidiary
The Aviara brand will be transferred to Cruisers Yachts, a subsidiary of MarineMax, Inc. MarineMax will pay for all boats currently on order, in addition to select branding and operational assets, including Aviara’s website, tooling and inventory.
Brunt Workwear Introduces the Sullivan Work Boot
The company’s first round-toe work boot with a 90-degree heel, addressing critical concerns in workplace safety highlighted by the American Academy of Orthopedic Surgeons
Ammo, Inc. Posts Wider Fiscal Q1 Loss as Margins Tighten and Sales Decline
The company said it believes the sales decrease for the quarter was a result of the current macroeconomic environment impacting the shooting sports industry as well as others.
EXEC: Under Armour’s Shares Jump on Q1 Beat, Guidance Raise
Shares of Under Armour rose nearly 20 percent Thursday after the company notched a surprise quarterly profit before litigation-related charges as both gross margins and North America’s sales performance exceeded expectations. Under Armour slightly raised its outlook for the year.
NRF: Import Cargo Volume May Peak in August Ahead of Potential Port Strike
The contract between the International Longshoremen’s Association and the U.S. Maritime Alliance covering East Coast and Gulf Coast ports will expire on September 30. The ILA has threatened to strike if a new contract is not reached by then.
Elevate Textiles Names Head of Corporate Development and Strategy
Elizabeth K. Ren joins Elevate Textiles with over 20 years of experience in strategic planning, corporate development, investment banking, corporate finance, operations, and treasury. Her career has included key financial and executive positions across private and Fortune 100 companies, including Under Armour.
EXEC: Yeti Shares Surge as Company Delivers Continued Good News to Market
Growing margins, International growth, innovative new products, shifting sourcing, inventory control, new leadership and a new licensing partnership with the NFL rolled up into a very positive report and conference call on Thursday.
