Kevin Plank Inducted Into NSGA Hall Of Fame
On May 23, Under Armour founder and CEO, Kevin Plank, was inducted into the Sporting Goods Industry Hall of Fame.
Aisle Talk, Week Of May 15
Top headlines from the active lifestyle industry you may have missed this week.
Sportsman’s Warehouse Posts Q1 Loss
John Schaefer, CEO, stated, “As expected, we saw continued softness in firearm demand during the first quarter as we anniversaried difficult compares post the San Bernardino shooting and executive orders that were issued at the beginning of 2016.”
Dick’s To Open Three Additional Stores In May
With the grand opening of new stores in Georgia and California, Dick’s will have 697 locations in the country.
Dick’s To Rein In Expansion After Rocky Q1
Said Ed Stack, chairman and CEO, “In 2017 we expect to open approximately 43 Dick’s stores, of which 19 are former TSA stores. In 2018 we expect to open between 15 to 20 stores – most of these leases are already signed. And in 2019 it can be as few as 5 to 10.”
Remington Sees More Than Post-Election Hangover In Firearms Slowdown
Beyond the “lower expectations of potential legislation,” Remington sees the slowdown, particularly in MSRs, reflecting increased competitive pressures from reduced consumer demand and excess inventories, increased manufacturing capacity, low barriers to entry in the MSR segment, lack of differentiation and “true value” in the segment, and higher imports.
Remington Outdoors Logs Steep Q1 Loss On Charges
Remington Outdoors reported sales declined 27.7 percent in the first quarter, to $157.6 million.
Garmin Acquires ActiveCaptain
Garmin Ltd. acquired Active Corporation, a developer of crowd-sourced rich content for boaters, marketed as ActiveCaptain.
Vista Outdoor Appoints Corporate Controller And Chief Accounting Officer
Kenny Bement most recently served as controller of reporting and governance for Alphabet, the parent company of Google.
Gander Mountain To Change Name
Gander Mountain plans to change its name to Gander Outdoors, according to a tweet from its new owner, Camping World CEO Marcus Lemonis.
Dick’s Sporting Goods Fixes $23 Million Accounting Error
Dick’s said it should have recorded non-cash impairment and store closing charges of $32.8 million in the fourth quarter. Instead, charges of only $9.4 million were recorded on the line item in its initial report.
Vista Outdoor Sees Firearms Sales Normalizing Mid-Year
Said CEO Mark DeYoung on a conference call, “We anticipate channel inventories will stabilize by mid FY’18 and we are determined to improve the performance in the second half of this fiscal year.”
Swanson Russell Promotes Five In Lincoln Office
The Nebraska-based marketing communications firm promoted Claire Abelbeck, Jack Christie, Emma Hulsey, Megan Woodard and Peter Worth.
Zanders Adds Steven Walsh To Sales Team
Zanders Sporting Goods, a national distributor located in Sparta, IL, has hired Steven Walsh as the newest addition to its sales team.
Aisle Talk, Week Of May 8
Top headlines from the active lifestyle industry you may have missed this week.
