SGB Sportsmans

NSSF-Adjusted NICS Background Checks Slide Again in July

August 3, 2023 SGB Update

The National Shooting Sports Foundation (NSSF) is reporting that the July 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure decreased 17.0 percent year-over-year to 1,023,903 checks.

Boot Barn Posts Mid-Singles Q1 Sales Growth Despite Comp Store Decline

August 2, 2023 SGB Update

The increase in net sales was said to be the result of the incremental sales from new stores opened over the past twelve months and higher average unit retail prices, driven in part by inflation, partially offset by a decrease in consolidated same-store sales.

Compass Diversified Gets Q2 Lift from Primaloft Addition

August 2, 2023 SGB Update

The 2 percent increase in Q2 was said to be primarily due to the acquisition of PrimaLoft, the strong performance at Lugano and Marucci, partially offset by lower sales at BOA and lower sales at Velocity in the second quarter of 2023.

EXEC: Rocky Brands Sees Brand Momentum Build After Tough Start to Q2

August 2, 2023 SGB Executive

Notwithstanding the slow start, at-once orders reportedly improved month-over-month as the quarter progressed and the trend continued into July, providing a good start to the third quarter creating optimism that channel inventories are getting properly aligned with demand.

EXEC: Vans’ and Dickies’ Sharp Q1 Declines Offer Rude Welcome for New VF CEO

August 2, 2023 SGB Executive

Vans has an outsized impact on the fiscal first quarter while The North Face, Timberland, Jansport, and others have more impact in the back half of the year.

EXEC: Columbia Sportswear Axes Outlook on Expectations of Promotional Second Half

August 2, 2023 SGB Executive

On Columbia Sportswear’s Q2 analyst call, Tim Boyle, chairman, president and CEO, said softer sell-through trends in the U.S. due to “cautious consumer behavior” and elevated inventory levels, particularly in footwear, caused the company to slash its guidance for the year.

Katadyn Group Hires Five U.S. Sales Agencies with Focus on Specialty Retailers

August 2, 2023 SGB Update

Katadyn Group has hired five sales agencies to cover the specialty outdoor retailers in the Northeast, Central, Rockies, and Mid-Atlantic regions of the United States. The agencies are as follows: Northeast: Velocity Sales Management, Michael Schmidt and Bill Bruzzese Central: Palisade Trading, Luke Olson and Ben Boynton Rockies: Alpin Sales, Mark Vaughn, Meg Fogg, James […]

EXEC: Big 5 Unable to Overcome Slow Start to Summer Selling

August 2, 2023 SGB Executive

Big 5 Sporting Goods Corp. saw its core market in El Segundo, a city in Los Angeles County, CA, where it is headquartered, baking in extreme heat in recent weeks. Still, president and CEO Steve Miller told analysts that cool weather in the early months of the second quarter ended July 2, caused sales to fall below the retailer’s already low target.

Kelty Engages ORO Sales Group

August 2, 2023 SGB Update

Kelty hired On the Road and Off (ORO), a Southeast sales and marketing group, to grow sales for the brand’s camping, backpacking and lifestyle gear in the Southeast U.S.

Rocky Brands Logs Q2 Loss on 38 Percent Sales Tumble

August 1, 2023 SGB Update

Rocky Brands, Inc. reported a loss of $2.7 million in the second quarter ended June 30. Sales were down 38 percent, dropping 45.5 percent in the wholesale channel.

Columbia Sportswear Cuts Full-Year Guidance On U.S. Weakness

August 1, 2023 SGB Update

Columbia Sportswear Co. reported second-quarter earnings and sales that topped Wall Street expectations, but lowered its outlook for the year as continued weakness in its U.S. offset strength overseas, including China. The company said it was undertaking expense reduction efforts to manage “near-term uncertainty.”