EXEC: Sportsman’s Warehouse to Focus More on “Warehouse” and Value Moving Forward
The hunting, fishing, camping and shooting specialty retailer is embracing part of its name in a more profound way as 2024 progresses, promising to focus more on the “Warehouse” part of the name to provide more value for cash-strapped outdoor sports enthusiasts
Sportsman’s Warehouse Suffers Another Quarter with DD Comp Sales Declines
Same-store sales decreased 13.5 percent during the first quarter, on top of a 17.8 percent comp sale decline in the year-ago first quarter period.
EXEC: DBI Gets Q1 Lift from Topo and Keds While Dress and Seasonal Drag on Retail
DBI also acquired Rubino, a profitable Canadian footwear retailer operating nearly 30 stores, specifically serving the Province of Quebec. Quebec represents nearly one-quarter of Canada’s population, but DBI had no existing presence. Rubino did CN$47 million in 2023.
NRF: Consumers Remain ‘Willing to Spend’ Despite Considerable Economic Headwinds
While the growth rate of consumer spending has begun to ease, owing to slower job and wage gains, higher interest and tighter credit, “consumers clearly remain willing to spend.”
Camping World Sets Succession Plan for Company President and CFO
Company President Brent Moody and CFO Karin Bell will resign effective July 1, with a year-end retirement planned for each. On July 1, principal operating officer Matthew Wagner will be appointed president, and principal accounting officer Tom Kirn will be appointed CFO.
Big Agnes Launches Multi-Language European Website
Big Agnes launched a dedicated website for its European customers, building the launch last year of its Canadian website to engage with a global audience.
VF Names Caroline Brown as TNF Global Brand President; Re-Works Board
As a result of her appointment, Brown resigned as a member of the VF Board of Directors.She served as an independent director on the Board from February 2024 to May 2024.
Kimber Partners with Lipsey’s, Adds Depth to Distribution
Lipsey’s is the latest authorized distributor Kimber added to its network, which includes the RSR Group, MGE wholesale, Orion wholesale, Kinseys and Grice wholesale.
Primary Arms Appoints New Director of Government Programs and Sales
Bob Protheroe reportedly brings over 30 years of experience in the industry, having held key leadership roles at Geissele Automatics, Beretta Defense Technologies, Steiner USA, Avon Protection Systems, Inc., Municipal Emergency Services, Inc., TVI Corporation, and Fisher Scientific.
Outdoor Rep Groups Form New Agency to Serve the Northeast
Ferguson-Keller, operating out of the Midwest, and Rogers Sports Marketing, operating out of the Southeast, created Gen 3 Outdoors to service the fishing, hunting and firearms, marine and related outdoor sports categories in the Northeast.
Duluth Holdings, Inc. Posts Wider Q1 Loss on Revenue Miss for Quarter
The company posted a net loss of $7.9 million in the first quarter, compared to a net loss of $3.9 million in the year-ago Q1 period. Loss per share doubled from a loss of 12 cents a share in the year-ago quarter to 24 cents per share in the 2024 Q1 period.
RVIA: RV Wholesale Shipments Again Led by Towables in April
Towable RVs, led by conventional travel trailers, ended the month up 14.2 percent from last April with 30,682 shipments. Motorhomes finished the month down 19.4 percent.
Wellness Pet Company Welcomes New Chief Marketing Officer
Giorgio brings 20-plus years of consumer marketing experience to Wellness Pet where she will serve as the creative force behind the company, leading brand strategy to engage next-gen pet parents.
EXEC: Dick’s SG Leadership Details Q1 Comps, House of Sport, 50K Stores, Q2 View
First-quarter comps were reportedly driven by a 2.7 percent increase in transactions and a 2.6 percent increase in average ticket with strength across footwear, athletic apparel and hardlines. DKS will begin to anniversary the higher shrink rates from 2023 in the second quarter.
Innovative Eyewear, Inc. to Launch Eddie Bauer Smart Eyewear with ChatGPT
The Eddie Bauer Smart Eyewear collection will debut with four polarized sunglass styles, showcasing a rimless smart eyewear design and includes voice access to ChatGPT.
