Academy Sports and Outdoors Sees Positive Change in Q4 Sales Trend
The retailer reported that it did not meet its own expectations for Fiscal 2023 but a trajectory change in the fourth quarter turned the frown upside down. Fourth quarter net sales were up 2.8 percent to $1.79 billion while comp store sales declined 3.6 percent for the period.
NRF Sees Retail Growth Slowing in 2024 as Economy Slows
The National Retail Federation forecasted 2024 retail sales would increase between 2.5 percent and 3.5 percent year-over-year to come in at $5.23 trillion to $5.28 trillion, a moderation from the 3.6 percent growth in 2023.
Buds Gun Shop Appoints Chief Marketing Officer
Steve Reed has most recently served as VP of marketing for firearms manufacturer Daniel Defense where he led all marketing and branding efforts. Prior to DD, he served in the same capacity for shooting sports distributor AcuSport.
EXEC: U.S. Shoppers Are Under the Influence of Influencers
Now it’s the content creator, or influencer that is moving the market for brands, products, food, restaurants, new stores, and just about anything that requires a decision on the part of a consumer. If you are a marketer, you know this story all too well.
OnX Acquires TroutRoutes, Expands into the Angling Industry
OnX Fish will launch on iOS and the web exclusively in Minnesota this spring, with plans to expand across the Midwest later this year.
Shimano North America Fishing Appoints Jason Livermore as SVP
As SVP, Livermore will reportedly oversee all operational teams, including sales, marketing, supply chain, e-business, and customer services.
Primary Arms Government Appoints Territory Field Sales Manager
The company promoted Andrew Bredsguard-Brown to field sales manager over the U.S. Central Territory, which covers central Texas and 16 states across the central region.
Taurus and Jindal Defence Reach Production Milestone with Firearms Pilot Batch
India is one of the largest markets for firearms, with the potential for growth and innovation in the defense sector. Under the guidance of Taurus’ team headquartered in Brazil, the Indian facility began producing pilot batches of firearms this month.
Sportsman’s Warehouse Adds Two Key Leadership Hires
The company named Krischelle Tennessen as chief human resources officer and Michael Simpson as chief information officer .
Meprolight Adds Digital Marketing Manager
A division of SK Group and the manufacturer of red dot optics and self-powered tritium-enhanced sights for rifles, pistols and shotguns, hired Jordan Stein as digital marketing manager.
American Outdoor Brands and Vista Outdoor/Bushnell Settle Patent Infringement Suit
American Outdoor Brands, Inc. reached an amicable settlement agreement with Vista Outdoor Sales, LLC and Bushnell Holdings, Inc. to settle pending patent litigation.
Academy Sports and Outdoors Taps Google, Walmart Vet for Board Director
Monique Picou has over 30 years of supply chain, logistics, strategic planning, operations, digital/technology, and engineering experience. She has worked as the global EVP of Google Cloud supply chain and operations at Alphabet, Inc. since March 2023.
Report: How Retailers and Consumers are Handling Customer Returns
Consumers are more mindful of changing return policies, which results in fees and shortened return windows. What can retailers do to improve customer relationships, as return rates are at 14.5 percent of sales?
EXEC: Caleres Looks to Invest in Brand Portfolio Growth as Famous Footwear Struggles
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands said the Brand Portfolio segment led the financial performance of the company for the first time in nearly two decades.
ASA: U.S. Senate Unanimously Advances Bipartisan Conservation Bill
The sportfishing industry applauded the approval of the America’s Conservation Enhancement Reauthorization Act (S. 3791) by the Senate Environment and Public Works Committee.
