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.
Report: Younger Pandemic Boat Buyers Upgrading Vessels
The demand for boats reportedly remained strong during the first half of 2023 as inventory levels continued to recover from the buying surge during the pandemic, according to the latest market report from Boats Group.
Liberty Ammunition Taps Distributor for Several NATO Countries
Dillon Europe is said to be one of the top defense companies with close ties to European law enforcement and military units.
Christensen Arms Makes Three Key Leadership Hires
The company’s latest move involves the hiring of a general manager, an executive vice president of sales and an executive vice president of marketing.
Under Armour Limits Fiscal Q1 Downside with Strong International Growth
Total net revenue was down 2.4 percent (-1.3 percent currency-neutral) year-over-year to $1.32 billion in the fiscal first quarter ended June 30. Wholesale revenues declined 6.3 percent while DTC increased 4.5 percent.
Lazydays RV Completes Acquisition of Century RV
The location was renamed “Lazydays RV of Denver at Longmont.” The company forecasted that it would generate approximately $50 million in annualized revenue.
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).
Camping World To Acquire RV Arizona
Camping World Holdings, Inc. plans to acquire RV Arizona Consignment Specialists in El Mirage, AZ, with a close date in Q4 2023.
NRF Launches Center for Digital Risk and Innovation
The Center is expected to serve as the focal point for NRF’s engagement on technology issues that have significant policy and risk management implications for the global retail industry.
EXEC: Solo Brands Sees Big Pay-Off at Retail as Q2 Wholesale Jumps
For a company identified by the symbol “DTC” on the NYSE, the conversation for the quarter was interesting as the growth in the wholesale business overshadowed, but did not offset, the decline in its direct-to-consumer business.
EXEC: Johnson Outdoors Battles Post-Pandemic Slowdown
Johnson Outdoors’ overall profitability benefited from improved pricing in the fiscal third quarter ending June 30, but sales were down 8 percent from a slowdown in the Fishing segment and a continued decline in Camping and Watercraft Recreation. On a call with analysts, Helen Johnson-Leipold, chairman and CEO, said, “We’re seeing consumer demand continue to moderate from the strong pandemic-fueled levels of the past few years.”
EXEC: L.L.Bean Expands Wholesale to Dillard’s, Moosejaw and Select Independents
L.L.Bean is adding Dillard’s and Moosejaw to its roster of U.S. wholesale key accounts, as well as ten independent specialty retailers in the southeastern U.S. The Maine-based retailer also plans to open four stores, with two in Quebec.
Yamaha Marine Looks to Suzuki for Technology Chief Role
The Yamaha U.S. Marine Business Unit hired Grant Suzuki as chief of technology, Advanced Marine Systems, focused on leading and building-out Yamaha’s C.A.S.E. strategy.
EXEC: GoPro Gets Q2 Sales Lift on Lower Prices, Return to Retail Doors
GoPro said it saw an immediate retail sales and GoPro subscription lift in the second quarter as a result of its mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales.
