Amazon Veteran Takes The Reins As Onx CEO
After a 19-year career at e-commerce giant Amazon, Laura Orvidas has started a new venture as the CEO role at OnXmaps, Inc., provider of the Onx Hunt mobile app and a leader in mobile mapping technology for outdoor adventurers.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Vista Outdoor Lifts Earnings Guidance On Transformation Efforts
Vista Outdoor raised the company’s earnings outlook after reporting second-quarter earnings topped expectations as efforts to grow profitability start to pay off. The company’s sales guidance was lowered for the year due to continued tough conditions in shooting sports.
Benchmade Hires Vice President Of Sales And Marketing
Benchmade Knife Company, manufacturer of premium sports cutlery for 31 years, announced the addition of Mike Ulwelling as the company’s new vice president of marketing & sales.
Camping World Hit By Softness And Ramped-Up Investments At Gander
Shares of Camping World fell $3.17, or 14.3 percent, to $19.04 on Wednesday after the retailer reported both earnings and sales missed Wall Street targets and lowered the company’s profit outlook for the year. The RV retailer was impacted by losses at Gander Outdoors during the quarter as well as ramped-up investments to roll out Gander RV sections at Gander’s locations.
Camping World’s Q2 Revenues Expand 13 Percent
Camping World reported sales grew 13.0 percent in the second quarter, helped by the launch of Gander RV Sales. Net earning declined in the period due to pre-opening expenses related to the Gander Outdoors store openings but adjusted pro forma net income increased 10.6 percent.
SGB Executive Q&A: Velocity Outdoor CEO Bob Beckwith
A new chapter is underway at Crosman Corp.—now known as Velocity Outdoor—the holding company of such well-known sportsman’s brands as Crosman, Benjamin, CenterPoint Archery, CenterPoint Optics, LaserMax and Game Face Airsoft. CEO Bob Beckwith spoke with SGB about the rebrand.
Clarus Raises Full-Year Outlook On Strong Q2
Clarus Corp. on Monday reported an adjusted net income increased to $2.6 million, or 9 cents per share, compared to an adjusted net loss of $3.4 million or (11) cents per share the same quarter a year ago, beating analysts’ consensus estimates by 9 cents.
Asics Shows Steep Q2 Loss In Americas
Asics Corp. showed an operating loss of ¥1 billion ($8.98 mm) in the American region in the second quarter ended June 30 as sales tumbled 17.7 percent in period.
Crosman Corp. Renames Holding Company As Velocity Outdoor
Crosman Corp., a subsidiary of Compass Diversified Holdings LLC, on Monday announced that the company’s board of directors has approved the holding company’s new name: Velocity Outdoor.
Firearms Background Checks Slump In July
The July 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 821,260 represented a decrease of 9.5 percent compared to the July 2017 NSSF-adjusted NICS figure of 907,348.
Tariffs Only Creating Indirect Headwind For Sturm Ruger
Although Sturm, Ruger & Company Inc. sources steel domestically, meaning the new tariffs on Chinese products aren’t directly impacting the gun manufacturer, the rising demand for U.S. steel is causing some indirect headwinds for the company.
Aisle Talk Week of July 30
Top headlines from the active lifestyle industry you may have missed this week, including Shimano releasing the company’s earnings for the first half of 2018.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
Winchester’s Q2 Profits Sink On Rising Raw Material Costs
Winchester’s income before taxes declined 37.9 percent in the second quarter to $11.8 million compared to $19.0 million in the second quarter 2017, according to the gun maker’s parent, Olin Corp.
