EXEC: Thule Gets Shot in the Arm from Resurgent Bike Business in Q1
In the Americas, the recovery of the cycling market boosted bike-related products sales, but Packs, Bags & Luggage category sales declined due to “significantly lower” sales of legacy products that are phasing out gradually.
EXEC: Columbia Using Temp Stores to Offload Excess Goods as it Fights to Right-Size
While the company is focused on improving the Columbia, Sorel and Prana businesses through investments in innovation and marketing, the company only has to look as far as its Mountain Hardwear brand and new leadership and direction to see early results of similar efforts.
Report: RV Shipments Inch Up in March on Towable RV Growth
Towable RVs, led by conventional travel trailers, ended the month up 5.9 percent compared to last March. For the first quarter, RVs are up 9.3 percent compared to the year-ago Q1 period last year with 85,941 units shipped through March.
Newell Brands Sees Turnaround in Sight, but Outdoor Segment Continues Shrinking
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, saw the Outdoor segment fall 25 percent in Q1, reflecting a core sales decline of 20.3 percent and the impact of unfavorable FX and certain business exits.
Olin’s Winchester Segment Q1 Sales Grow on Stronger Ammo Shipments, White Flyer Deal
The increase in Winchester sales was primarily due to higher commercial ammunition shipments, higher domestic and international military sales, and White Flyer sales.
Columbia Sportswear Ups 2024 Profit Guide, Maintains Sales Decline
First quarter net sales decreased 6 percent to $770.0 million. The decline primarily reflects lower wholesale net sales in the U.S. and Canada, driven by retailer cautiousness, a challenging competitive environment and generally soft consumer demand.
Ammo, Inc. Acquires Tooling Manufacturer
The owner of GunBroker.com acquired a tooling manufacturer that provides resources toward the production of ammunition in its Manitowoc, WI factory.
EXEC: Osprey and Hydro Flask Both Expanding Product Ranges and Distribution
Osprey should strengthen internationally with growth in the EMEA and APAC on demand for travel packs, while the U.S. will expand in sporting goods. For Hydro Flask, it’s all about color and configuration in the U.S. while expanding in tge EMEA through Osprey’s distribution footprint.
Escalade Inc. Swings to Q1 Profit as Gross Margins Spike
Total net sales increased 0.7 percent year-over-year to $57.3 million in the first quarter, primarily due to a return in normalized seasonal demand for basketball products, outdoor games and archery.
Hiviz Shooting Systems Names VP of Sales & Marketing
The manufacturer of tritium/fiber-optic and fiber-optic sights for handguns, shotguns and rifles hired Joseph Smith as vice president of Sales and Marketing.
Crest Marine Expands Portfolio, Launches Balise Pontoon Boats
The Balise brand launched with two models, the Horizon and Helix. Both models are available in either 24- or 26-foot length. The launch is the culmination of nearly three years of consumer research, design and engineering, “redefining the way consumers experience on-water luxury and sophisticated entertainment.”
Report: Camping Sentiment Up in 2024 Despite Inflation Concerns
RMS North America conducted independent research on campers ages 18 to 60-plus to collect data on the differences between generations, but found similarities, too.
Helen of Troy Home & Outdoor Segment Keeps Company Positive in Q4
The Home & Outdoor segment, including the OXO, Osprey and Hydro Flask businesses, increased 5.4 percent in the fourth quarter, helping the parent’s consolidated sales trend positive with 1 percent growth.
Petsense by Tractor Supply Hosts Spring Adoption Event
Petsense by Tractor Supply will partner with local shelters nationwide to host their semi-annual National Spring Adoptathon on April 27 from 10 a.m. to 4 p.m.
Revelyst Hires Chief Supply Chain Officer
Effective April 22, Joe Beck, a longtime supply chain and business operations leader assumed the role as chief supply chain officer.
