Bass Pro Shops Set to Open In Loveland, CO
Bass Pro Shops announced plans today to open a retail store in Loveland, CO. The opening of the 130,000-square-foot Outdoor World, expected to open in 2025, is the retailer’s sixth Bass Pro Shop in Colorado.
Pard Optics Expands Odle Sales Territory
Pard Optics has expanded the territory serviced by Odle Sales. With 35+ years of experience, Odle Sales will add TN, NC, SC, MS, AL, FL & PA to their existing territory.
Yamaha Motor Corp. Acquires Florida Saltwater Testing Facility
The company purchased Fort George Island Marina in Duval County, FL, intending to convert the facility into the Yamaha Offshore Endurance Center.
CBC Global Ammunition Advances Lead-Free Ammo Solutions with Acquisition
CBC Global Ammunition acquired SinterFire, which CBC said “is a pioneering name in lead-free bullet technology” and that the alliance “enhances its position as a global provider of ammunition solutions.”
Winchester Ammo Parent Acquires White Flyer Targets
The acquisition includes White Flyer’s five state of the art manufacturing facilities in Coal Township, PA; Dalton, GA; Webb City, MO; Knox, IN; and, San Bernardino, CA and includes White Flyer’s recently announced Eco Flyer target product line.
EXEC: Dick’s CEO Talks Q2 EPS Miss, Inventory Woes, Retail Theft and Staff Cuts
Shares of Dick’s shaved about a quarter of their value on Tuesday after America’s largest sporting goods chain reported a second-quarter profit shortfall and slashed its earning guidance for the year due to promotions required to clear inventories, particularly in the outdoor category, and higher-than-expected shrink.
Pyramyd Air Rebrands to Emphasize Broader Outdoor Product Range
Pyramyd Air rebranded to Pyramyd AIR, where AIR is an acronym for Adventures In Recreation. The company said the new name signifies the company’s mission “to outfit customers’ outdoor experiences wherever they might be.”
Dick’s SG Lays Off Corporate Staff to Streamline Cost Structure
A source told Bloomberg News that Dick’s had laid off 250 corporate employees as part of the plan. Retail staff were not impacted.
Sunday Afternoons Appoints New CEO
Patrick Mahaffey joins the family-owned brand with extensive sales, operations and leadership experience. Most recently, Mahaffey held the position of president at Good Life, Inc. He replaces outgoing CEO Sarah Sameh.
Academy Sports + Outdoors to Open First Indianapolis Store
The approximately 75,000-square-foot store will sell a wide assortment of sports and outdoors merchandise. The retailer will host a grand opening from August 25-27.
Dick’s SG Axes Outlook on Q2 Profit Shortfall, Blames Inventory Shrink
Dick’s Sporting Goods delivered 1.8 percent same-store growth in the second quarter but profits fell well below Wall Street targets due in large part to shrink. The retailer slashed its earnings outlook for the year on the Q2 shortfall and expected margin pressure in the second half and launched a business optimization program that reportedly includes the layoff of 250 corporate employees.
VF Corp. Appoints Chief People Officer
VF Corporation hired Brent Hyder as chief people officer, effective September 5, reporting to president and CEO Bracken Darrell. He will also serve as a member of VF’s executive leadership team.
EXEC: Active Lifestyle Vendors Weather Challenging Second Quarter
Columbia Sportswear, Wolverine Worldwide, VF Corp. and Hanesbrands were among vendors in the active lifestyle space downwardly adjusting their guidance for the year in reporting Q2 results in the face of an increasingly promotional marketplace. However, more vendors than not were able to surprise on the upside.
B2B Surplus Inventory Marketplace Raises $30 Million Series B Round
The company reported it has had a 500 percent increase in uploaded inventory in the last year, with a gross merchandise value (GMV) run rate increasing over 10x year-over-year and the team has doubled in size.
Tractor Supply Launches Open Buying Days
Tractor Supply said the Open Buying Days are open to individuals and businesses nationwide. The event seeks to uncover unique products that align with Tractor Supply’s purpose – to help customers as they live Life Out Here.
