Vasque Footwear Expands Waypoint and OSM Sales Partnerships
Vasque expanded Waypoint Outdoor’s coverage to the Southwest and South Central regions, while Outdoor Sports Marketing now extends its reach to the Mid-Atlantic—the two groups now represent six of Vasque’s sales regions.
PetSmart Searching for the Next “Chief Toy Testers;” $20K to New Team Members
The Chief Toy Tester search is back and submissions are open for one lucky dog, cat and human parents to join the PetSmart team.
Meijer Opens New Supercenters in Michigan and Northeast Ohio
Meijer opened its first store in Michigan in 1934. Today, it opened a new 159,000-square-foot supercenter in Hillsdale, MI and two new 159,000-square-foot supercenters in Northeast Ohio. This summer, the retailer will celebrate its 90th anniversary as a family-owned Midwest retailer.
Nextorch Signs Elite Outdoor Sports for Sales Representation
Elite Outdoor Sports is a full-service sales and marketing agency with a global reach. Representing hunting, shooting and law-enforcement equipment manufacturers.
Super Pacific Makes New Hires, Key Promotions and Expands Facility to Fuel Growth
Philip Kuroda was hired in the newly created position of B2B sales manager and Jessica Johnson was promoted to general manager of operations. The company is adding new square footage to its facility and the production team was expanded with new hires to support cutting, sewing and fabrication.
Firearm & Ammo Companies Contributed $222M to Conservation in Q4 via Excise Tax
Firearm and ammunition manufacturers topping $17 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937, or more than $27.38 billion when adjusted for inflation.
Axil Brands Inks Distribution Agreement with Kinsey’s Inc.
Axil Brands, Inc. inked a distribution agreement with Kinsey’s, Inc. to distribute Axil hearing protection and enhancement products in the shooting sports and outdoor recreation/hunting market.
EXEC: Key Footwear Factory Report Sees Flat Q1 and Unsettled Market for 2024
The Group believes the global footwear industry will remain unsettled in the near term amidst the uncertain macroeconomic environment driven by persistent inflation, high interest rates, regional conflicts, and its impact on shipping lanes.
EXEC: Solo Brands CEO Outlines Early Progress on Turnaround Plan
Solo Brands, Inc. reported first-quarter sales and adjusted EBITDA topped expectations and noted progress is being made in repositioning its brands for growth. On an analyst call, Chris Metz, CEO, said Solo Stove saw improving DTC trends while Chubbies benefited from the early arrival of a shorts campaign.
EXEC: Yeti Shares Jump as Q1 ProfIts and Revenue Fly Past Estimates
Shares of Yeti, Inc. jumped about 11 percent Thursday after the company reported that lower freight and product costs drove first-quarter earnings well above Wall Street targets, leading to raised EPS guidance for the year. Sales grew by double-digits for the second consecutive quarter.
EXEC: Vista Outdoor Sees Another Tough Year Ahead
Vista Outdoor, Inc.’s fourth-quarter results met expectations with sales at its Kinetic Group ammunition segment reaching the lower end of guidance while the Revelyst outdoor segment grew organically for the first time in nine quarters. However, conservative guidance was provided for the new fiscal year as market conditions in both the hunt and outdoor channel remain challenging.
CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.
Yeti Inc. Lifts Fiscal Year EPS Guidance After Q1 Sales and Earnings Beat
Yeti, Inc. raised its earnings guidance for the year after reporting first-quarter earnings easily topped analysts’ expectations. Earnings on an adjusted basis surged 89 percent while sales grew 13 percent, boosted by a re-acceleration in domestic growth with balanced growth across drinkware and cooler segments.
Vista Outdoor’s Quarterly Sales Slide as Ammunition Declines Offsets Outdoor Gains
Vista Outdoor reported adjusted EBITDA decreased 7.5 percent in the fiscal fourth quarter ended March 31 as sales declined 6.4 percent. The Revelyst outdoor segment returned to organic growth for the first time in nine quarters but the Kinetic ammunition business saw a double-digit drop.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
