Bridging DTC and Wholesale: Your Brand’s Path to Sales
Discover how blending DTC and wholesale strategies with a dash of tech can boost your brand’s sales and market presence.
EXEC: Sportsman’s Warehouse Kicks Off ‘Spring Reset’ to Clean Inventory, Grow Sales
Wall Street reacted positively to the planned changes, and the Q4 earnings beat as SPWH shares surged 21 percent on Thursday, closing at $3.79 a share. The inventory reduction efforts were said to be $10 million better than planned.
Consumer Confidence Index Flat in March, but Outlook Index May Signal Trouble Ahead
The Consumer Confidence Index was 104.7 in March, essentially unchanged from February. But the Expectations Index, based on consumers’ short-term outlook for income, business and labor market conditions, fell to 73.8, which is in recession territory.
NRF: Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year-over-year, slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending.
Sportsman’s Warehouse Posts DD Same-Store Sales Decline in Q4; Swings to Loss
The retailer reported lower-than-expected Q4 sales for the 14-week period ended February 3, but indicated it was successful in reducing excess inventory. Same-store sales decreased 12.8 percent on a 13-week comparable basis.
Gordon Brothers Acquires Catch Co. Assets
Catch Co. brands include Mystery Tackle Box, 10,000 Fish, BioSpawn, Hard Hat Jigs, Heavy Metal Tungsten, Stickies Hooks, and collaborations.
NSSF: Adjusted NICS Background Checks Decline 7.4 Percent
For comparison, the unadjusted March 2024 FBI NICS figure of 2,497,577 reflects a 15.5 percent decrease from the unadjusted FBI NICS figure of 2,954,230 in March 2023.
Archery Trade Association Makes Board Appointments
ATA appointed Jason Harris, director of marketing and product management for Primos Hunting, to its Board of Directors.
Krieghoff Announces Top Three Dealers Worldwide
DuPont/Krieghoff, based in Vero Beach, FL, leads the pack with the 2023 Gold Award. With retail stores in Michigan and California, Pacific Sporting Arms earned the 2023 Silver Award. Paxton Arms, based in Richardson, TX, led by Robert Paxton and Mary DiGiovanni, earned the 2023 Silver Award.
Winchester Ammunition Awarded Contract for New Lake City Plant
Olin Corporation’s Winchester Ammunition division was awarded a contract for the construction of the next-gen squad weapon— Ammunition manufacturing facility at Lake City Army Ammunition Plant.
Confluence Outdoors Partners with Meyer Distributing
Home to the Pelican, Wilderness Systems, Perception, and Dagger brands, inked a partnership with Meyer Distributing to distribute the company’s kayak brands, including the potential for next day delivery.
GAS Bowstrings Appoints General Manager
The company said Gellenthien will play a crucial role in assisting staff to streamline processes, enhance efficiency and contribute to product innovation.
ATA Names Director of Marketing and Communications
Alex Heiser joined the Archery Trade Association with 35 years of experience leading strategic marketing plans, guiding the success of non-profit member-driven organizations and managing remote staff.
GSM Outdoors Acquires Mid-America Rod Company
Located in Arkansas, Mid-America Rod Company has been manufacturing fishing rods in the U.S. since 1976. The company manufactures its signature series of Virtus Rods and produces OEM rods for other companies.
BKK Hooks International Names President of Sales
Michael Sullivan was appointed president of sales and will head a team responsible for expanding commercial sales operations in the Americas, reporting to BKK America’s general manager Magnus Gunnarsson.
