Academy Sports and Outdoors Narrows Full Year Outlook as Fiscal Q3 Comes Up Short
The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
EXEC: Johnson Outdoors Hurt by Diving Decline, Layoff Costs, and Non-Cash Charges
Net loss for the fiscal year fell to $26.5 million, or a loss of $2.60 per diluted share, versus net income of $19.5 million, or EPS of $1.90 per diluted share, in the last fiscal year.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
Ski-Doo Parent’s Q3 Profits Get Crushed as it Focused on Inventory Reductions
the Canada-based parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, said it continued to focus on reducing network inventory in fiscal Q3 which resulted in reduced revenues versus the prior-year Q3 period.
First FDA-Approved Treatment for Severe Frostbite Now Available in the U.S.
Studies show that thousands of people in the U.S. are hospitalized with frostbite yearly. This debilitating condition, most often affecting winter sports enthusiasts, military personnel, and outdoor workers, can lead to digit or limb necrosis requiring amputation.
L.L.Bean Making Additional Staff Cuts in Maine HQ
The retailer will lay off 50 to 75 employees at its corporate headquarters in Maine. These latest cuts equal approximately 2 percent to 3 percent of its Freeport-based staff and are the retailer’s second round this year.
Clarus Corporation Appoints New Board Member
The parent of Black Diamond appointed Mark Besca to the company’s Board of Directors, effective immediately. He was also appointed to the Audit Committee of the company’s Board.
Black Diamond Parent Adds to Adventure Segment, Acquires RockyMounts
The RockyMounts deal is the first acquisition in the Adventure segment since Clarus acquired Tred Outdoors in October 2023. Transaction terms were not disclosed. Cash-on-hand funded the deal.
NRF Chief Economist Sees Strong Q3 Results Boding Well for Holiday Retail Season
Many consumers started shopping earlier because a late Thanksgiving left five fewer shopping days before Christmas than in 2023. Based on data that the National Retail Federation has seen so far, conditions are shaping up for a successful holiday retail season.
NRF Report: 2024 Retail Returns to Total $890 Billion
Improving the returns experience and reducing the return rate are two essential elements for businesses in achieving their 2025 goals.
Lyman Products Hires Director of Sales & Marketing
Tom Ricks joins Lyman with over 25 years of experience in sales and marketing for consumer-facing products and media companies. He most recently held leadership positions at ESPN, where he worked in the ESPN Outdoors and B.A.S.S. business units.
St Croix Rod Promotes Teach and Johnson to Executive Leadership Team
The company promoted Ryan Teach, formerly product and brand manager, to the newly created role of VP of Innovation. Former National Sales Manager Dan Johnston has been appointed director of sales.
EXEC: American Outdoor Brands Execs More Bullish on Future After Retail Line Reviews
The company is betting big on recent positive pre-line meetings and is bullish enough to not only raise guidance for fiscal 2025 ending April 2025, but also lay out solid top-line numbers for fiscal 2026.
