Outdoor Leaders Comment on Latest Outdoor Rec Economy Figures
The U.S. Bureau of Economic Analysis (BEA) reported the latest statistics, which show that outdoor recreation generates $1.1 trillion in economic output (2.2 percent of GDP), nearly 5 million jobs, and comprises 3.2 percent of U.S. employees, according to an early analysis by the Outdoor Recreation Roundtable.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
Report: 20 Million Americans Planning an RV Holiday Vacation This Year
According to the recently released RVIA Holiday Travel Intentions Survey, the top reasons people plan to RV are the love of road trips, the desire to travel in comfort, interest in exploring the great outdoors, and the affordability of RV travel.
Legacy Sports International Appoints COO
Legacy Sports International, a distributor/importer in the shooting sports industry, appointed Paul Lemke as its new chief operating officer.
Walmart Raises Outlook as Q3 Surpasses Analyst Targets
Walmart raised its annual sales and profit forecast for the second straight quarter after third-quarter exceeded analyst estimates. Sales in the quarter grew 5.2 percent with strength across segments and comps rising 4.9 percent for Walmart U.S.
Revelyst’s QuietKat Hires OGA, Military and Law Enforcement Sales Manager
Ross Botha’s appointment is said to underscore QuietKat’s commitment to serving the specialized needs of military, law enforcement and government clients with “cutting-edge e-bikes that are rugged, reliable and designed for the most challenging terrains.”
U.S. October Retail Sales Fall for First Time in Seven Months
The Commerce Department reported U.S. retail sales fell 0.1 percent month-over-month in October, the first decline since March.
Chief Upland Acquires Q5 Outdoor Products
The acquisition of Q5 Outdoors reportedly expands the Chief Upland brand from one core upland vest style to more than six. Chief said it will now have dialed-in gear offerings for hunting in all climates and for pursuing all types of upland game.
Report: October Promos Did Little to Boost Retail Sales as Consumers Focus on Value
Overall value for the price and special sale prices reportedly grew as top factors that influence where consumers shop for gifts in 2023, identified by more than 40 percent of holiday shoppers in a recent holiday purchase intentions consumer survey conducted by Circana.
Bass Pro Shops Opens Seventh Store In Ohio
Today’s official grand opening of the new Bass Pro Shops Outpost in Niles, OH, includes an “Evening for Conservation.”
Kahtoola updates Low Profile Nanospikes
“Based on the feedback from our community, customers and athletes, we identified an opportunity to make a good thing even better,” said Danny Giovale, founder and owner of Kahtoola.
NMMA Appoints SVP of Government Relations
The National Marine Manufacturers Association appointed Robyn Boerstling as senior vice president of government relations, reporting to NMMA president Frank Hugelmeyer.
NRF and CNBC Develop New Retail Monitor; Report October Trends
The new Retail Monitor partnership reported that total October retail sales, excluding automobiles and gas, were down 0.08 percent from September and up 2.57 percent year-over-year (YoY).
EXEC: Samsonite Sees Gregory’s Q3 Sales Climb 23 Percent
Samsonite International S.A. reported sales from its Gregory backpack brand grew 23 percent in the third quarter while an overall recovery in travel led to similar gains for the overall company.
Free Fly Signs Surf Icon Mark Healey to Team
Free Fly, the family-owned brand and manufacturer of performance bamboo apparel, reported it signed big-wave surfer, free diver, and spear-fisherman Mark Healey as its first surf athlete and ambassador.
