ColdVentures Taps Former Camelbak Exec as Strategic Advisor
Joss Warburton most recently served as VP of product and innovation at CamelBak. Previously, he played key roles in PepsiCo’s sports and nutrition portfolio, which includes the pioneering hydration brand Gatorade.
Study: Out-of-Stocks Drive 66 Percent of Consumers to Another Retailer
“Right product, right place, right time’ echoes in every retail conference room. Yet as retailers have expanded their online assortments and marketplaces to attract new customers and traffic, it’s become more challenging to avoid frustrating shoppers when they can’t find their size or their desired item in-store.”
Guns.com Partners with Silencer Central for Suppressor Fulfillment
Once a customer buys a suppressor on Guns.com, the purchase is fulfilled through Silencer Central, including all required paperwork and ATF forms. Once approved, the silencer ships to the buyer’s door and customers do not have to pay transfer fees.
Camping World Holdings Prices Secondary Offering of Class A Shares
The company has priced an underwritten public offering of 14,634,146 shares of its Class A common stock at a public offering price of $20.50 per share pursuant to a registration statement filed on Form S-3 with the SEC.
Kontoor Brands Posts Q3 Growth at Wrangler, Decline at Lee on Solid U.S. Gains
The increase for the third quarter was said to be driven by growth in global direct-to-consumer (DTC) and U.S. wholesale, partially offset by a decline in international wholesale revenue.
Hipcamp Acquires BookOutdoors
Campsite booking platform Hipcamp announced the acquisition of BookOutdoors, an online travel booking platform for campgrounds, RV parks, cabins, and glamping resorts.
Malibu Boats Posts Sequential Improvements in Revenues and Margins in Tough Q1
The financial performance this quarter reportedly reflects sequential improvements across revenues and margins as the company scaled back promotional activity and continued showcasing operating efficiencies
MarineMax Q4 Earnings Hit by Hurricane Helene
Nationwide boat dealer with over 60 locations, as expected, reported earnings came in at the low end of guidance in the fourth quarter ended September 30 due to damage caused by Hurricane Helene on certain locations on the west coast of Florida. Sales were down 5 percent in the quarter.
Sturm, Ruger’s Earnings Slide on Promotions, Sales Turn Positive
The firearms company announced that net sales were $122.3 million for the third quarter against $120.9 million a year ago. Earnings reached $4.7 million, or 28 cents a share, compared with $7.4 million, or 42 cents, the prior year.
EXEC: Columbia Sportswear CEO Lays Out Brand’s “Accelerate” Growth Program
The company said the decline in net sales reflects lower Fall ’24 wholesale orders, as well as weak consumer demand in the U.S. partially attributable to warm weather and outdoor category headwinds. Mountain Hardwear was the only brand in positive territory.
Consumer Confidence Bounces Back In October
The Conference Board reported that its Consumer Confidence Index jumped to 108.7 in October from 99.2 in September—the biggest monthly gain since March 2021. Analysts had forecast a more modest reading of 99.3.
Luth-AR Acquires Acro Machine
Luth-AR, a manufacturer of AR-15 firearms and firearm components based in Buffalo, MN, has purchased all the assets of Acro Machine Inc., including several CNC turning and milling machines and all fixtures, programs, designs and knowledge.
Garmin Ltd. Ups Guidance on Strong Double-Digit Q3 Growth in Fitness, Outdoor and Marine
Garmin adjusted its full year guidance and now anticipates revenue of approximately $6.12 billion and pro forma EPS of $6.85 based on gross margin of 58.5 percent, operating margin of 24.0 percent and a full year effective tax rate of 16.5 percent.
GoPro to Cut 26 Percent of Workforce in Revised Restructuring Plan
The action camera maker now plans to layoff about 26 percent of its workforce (240 employees), up from a plan announced in August that called for the reduction of 15 percent (140 employees).
EXEC: Big 5 Sees Improving Sales Trends Leading into Holiday Season
The retailer saw the Apparel and Footwear categories each down ~9 percent and Hardgoods was down ~6 percent in Q3 but a number of product categories are contributing to the improvements in sales trending, including the early rates in fall and winter apparel.
