SGB Sportsmans

EXEC: Under Armour Reduces North America Guidance on Wholesale Softness

Under Armour reported results for the fiscal first quarter ended June 30 came in line with expectations amid progress reducing inventory levels while reiterating its overall guidance for the year. However, sales guidance was reduced for North America as the brand was unable to overcome due to stubborn challenges at U.S. wholesale.

EXEC: Black Diamond Sales Thwarted By Weak Open-To-Buy Orders

Black Diamond’s sales fell 23.7 percent in the second quarter due to a combination of lower consumer demand and continued lower open-to-buys as its primary North American wholesale partners work down inventory levels, according to its parent Clarus Corp. Company officials see improvement but do not expect marketplace inventories to rebalance until year-end.

NRF Sees Cargo Volume Hitting Yearly Peak in August

Import cargo volume at the nation’s major container ports is forecasted to hit its highest level in nearly a year in August as retailers stock up for the winter holidays, according to Global Port Tracker’s report released by the National Retail Federation.

Clarus Lowers Outlook as Q2 Sales Decline 27 Percent

Clarus Corp. trimmed its outlook for the year after reporting second-quarter results fell below analyst expectations due to promotional pressure and prolonged inventory de-stocking. Sales were down 27 percent, sliding 24 percent at Black Diamond, 27 percent at the Sierra/Barnes ammunition segment and 34 percent at its Adventure segment (Rhino-Rack, Maxtrax).