Bogs Q4 Revenues Continue To Feel 2015 Winter Hangover
Thomas Florsheim, Weyco Group’s CEO, said, “While retailers are currently much cleaner than last year at this time, our sense is that they will continue to take a conservative approach towards inventory levels given the inconsistency of the weather the past couple of winter seasons.”
Rocky Brands Appoints CFO
Rocky Brands Inc. announced that Thomas Robertson has been appointed chief financial officer of the company.
Dick’s Sporting Goods Opens Three New Stores
The new stores will bring the retailer’s total to 685 Dick’s Sporting Goods locations in the country.
Firearms Background Checks Slide Again
Federal background checks fell for the third month in a row in February. Background checks were down 14.5 percent to 2.23 million versus year-ago levels in the month. In January, checks were down 19.7 percent to 2.04 million. In December 2016, checks were down 16.4 percent to 2.77 million. The decline is being attributed to […]
Dick’s To Eliminate 20 Percent Of Its Vendor Mix
While reporting fourth-quarter earnings that arrived slightly ahead of targets, Dick’s Sporting Goods Inc. said it’s implementing a new merchandise and vendor matrix that will reduce up to 20 percent of its brands.
Dick’s Q4 Tops Guidance
Dick’s Sporting Goods Inc. reported first-quarter earnings on an adjusted basis grew 17 percent, ahead of Wall Street analysts, as same-store sales rose 5 percent. The nation’s largest sporting goods chain also forecast double-digit earnings gains in its initial forecast for 2017, although it’s targeting flattish first quarter profits.
5.11 Tactical Delivers Double-Digit Growth In Q4
Compass Diversified Holdings reported sales at 5.11 Tactical rose 19 percent in its fourth quarter while Liberty Safe’s fourth-quarter revenue rose 7 percent.
Aisle Talk, Week Of February 27
Top headlines from the active lifestyle industry you may have missed this week.
American Outdoor Brands Warns Of Firearms Inventory Gluts
“I think a number of retailers did make some bets on a different outcome, the presidential election,” said James Debney, president and CEO. “So they called that wrong. And I think that’s left somewhat of an inventory overhang over there.”
American Outdoor Brands Cuts Outlook On Firearms Downturn
American Outdoor Brands, formerly known as Smith & Wesson, reported sales earnings on an adjusted basis grew 13.3 percent in its third quarter ended January 31 on a 10.8 percent revenue gain. However, the outlook for the current year was reduced due to a post-election slowdown in firearms sales.
American Outdoor Brands Plans To Establish New Distribution Center
The company’s plans to establish the new facility in Boone County, MO are contingent upon the approval of incentives, completion of due diligence and the finalization of agreements related to other terms and conditions.
Dick’s Sporting Goods Opens Two New Stores
The retailer will celebrate the opening of new locations in Norwalk, CT and Sunnyvale, CA.
Big 5 Boosted By Competitor Exits
“We’re very encouraged that the profit and sales momentum has continued and actually accelerated into the first quarter of fiscal 2017,” CEO Steven Miller said on a conference call with analysts.
Olin Corp. Promotes Fischer To Chairman
Olin Corp., a leading U.S. manufacturer of ammunition, announced that Joseph D. Rupp will retire as chairman on April 27. Olin president and chief executive officer John E. Fischer will become chairman, president and CEO effective the same day.
Remington Defends Itself Against 60 Minutes Segment
Remington issued a 2,161-word statement defending itself against a 60 Minutes episode that challenged the safety of its Model 700 rifles.
