Pard Optics Expands Nationwide Coverage with Odle Sales
Pard Optics announced that it increased the territory that Odle Sales serves for the company to now include the entire United States.
Pnuma Outdoors and Heated Core Appoints Director of Sales
Pnuma Outdoors and Heated Core hired Mike Meiran as director of sales. Most recently he worked at Kinsey’s Archery Products in various roles for the company’s private label brands and OEM division.
Solo Brands Delivers 8 Percent Q3 Revenue Growth On Wholesale Boost
Solo Brands Inc. reported significant improvement in adjusted earnings in the third quarter ended September 30 as sales advanced 8.0 percent, led by wholesale channel gains. The company, based in Grapevine, TX, reiterated its outlook for the year.
Free Fly Taps Former Quiksilver VP to Run Global Wholesale Effort
An industry veteran and advocate for surfing, Reilly brings his “knowledge, enthusiasm and connections within the surf industry to his new role.”
Smith Optics Gives Nice Lift to Parent Co. in Third Quarter
At constant-currency exchange rates, the company’s sales decreased 3.9 percent in Q3, improving from the 6.6 percent decline recorded in Q2, which was said to be mainly due to the return to growth of the Smiths Sports business in North America.
Grand Rapids’ Al & Bob’s Sports to Close
Al & Bob’s Sports, the hunt & fish shop in Grand Rapids, MI, is closing after more than five decades.
Primary Arms Promotes Banda to CFO
Primary Arms promoted Joyce Banda to CFO. As head of Primary Arms Optics, she reportedly played a pivotal role in “shaping the company’s success, leading the company to new heights of innovation and market prominence.”
OR, Surf Expo Parent Sees Strong Core Show Business in Q3; Content Weakens
Emerald Holding, Inc., the operator of Outdoor Retailer and other trade shows, reported sales grew 16.2 percent in the third quarter ended September 30 while underlying earnings improved excluding year-ago event cancellation insurance benefits. Strength in its core trade show segment offset weakness in its content business.
EXEC: Wrapping Up the Less-Than-Jolly Holiday Forecasts For Retail
Holiday forecasts arriving in recent weeks roundly forecast sales will slow this year versus pandemic stimulus-boosted gains in recent years. However, while many expect a “resilient” consumer will drive solid gains similar to pre-pandemic levels, some see inflationary and macroeconomic concerns weighing disproportionately on discretionary spending.
October U.S. Employment Numbers Fall Short of Expectations
Many noted that the 150,000 increase in jobs and the 3.9 percent unemployment rate were in line with the pre-pandemic employment picture and some wondered if maybe, just maybe, the market was getting back to normal.
Report: Foot Traffic Data Sees Possible Boost for Sporting Goods Retail for Black Friday
Year-over-year visit gaps at Recreational & Sporting Goods chains, Electronics Stores and Department Stores widened significantly since the end of August, but more recent data looks a little more promising, with all three categories now seeing their visit gaps begin to shrink.
EXEC: BOA, Primaloft and Velocity Outdoor Drag on Parent’s Q3 Results
Brand aggregator Compass Diversified saw Q3 sales decline 25 percent at BOA, 16 percent at Primaloft and fall 28 percent at Velocity Outdoor, while revenues grew 13 percent at Marucci Sports and 7 percent at 5.11. The company reported it was selling Marucci.
Lazydays Swings to Net Loss in Q3 on Mid-Teens Revenue Decline
The chain of RV dealerships posted a net loss was $5.6 million in Q3, compared to net income of $7.7 million for the corresponding period in 2022 as third quarter revenue decreased 15.9 percent year-over-year to $280.7 million.
EXEC: Boot Barn Cuts Q3 and Full Year Outlook as Retail Turns Sour
Fiscal Q2 retail store same-store sales declined 3.8 percent and e-commerce same-store sales declined 11.7 percent year-over-year. Comps were said to be in line with expectations through August, but September experienced softer-than-expected results and that trend reportedly continued into October.
NSSF: October Adjusted NICS Background Checks Sees Rebound
The National Shooting Sports Foundation (NSSF) reported that the October 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) number increased by 8.2 percent, rebounding after five months of declines.
