U.S. Trade Activity Rebounds But Global Trend Continues to Weaken
Volume of new orders and invoices exchanged between U.S. buyers and their suppliers grew at 3 points above its expected range in Q2, recovering from a level 6 points below the baseline in the previous two quarters.
Brunswick Corp. Warns on IT Security Event Impact on Q2, Full Year EPS
Brunswick Corp. said the preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June. Full-year Adjusted EPS expectations are estimated at approximately $9.50 per share.
Retail Sales Up Again in June Despite Slower Job Growth
The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.
Academy Is Opening Two More Stores In Central Texas In F23
Academy Sports and Outdoors, Inc. reported it will open two new stores in Central Texas this fall in Brenham and Kyle, respectively and is on track to open 13-to-15 stores in 2023, with the goal of opening 120-to-140 new stores by the end of 2027.
Davidson’s Names Director of Merchandising
Davidson’s, the firearms, ammunition, optics, and accessories wholesaler, welcomed Ronald Dan as its director of merchandising. His most recent position was with Trailblazer Firearms where he served as president.
Smith & Wesson Brands Appoints New Member to Board of Directors
Smith & Wesson Brands, Inc. appointed Michelle J. Lohmeier to the company’s Board of Directors further strengthening the board’s expertise and breadth of experience.
RBFF Adds Z-Man Fishing Products President to Board of Directors
The Recreational Boating & Fishing Foundation (RBFF) added Z-Man Fishing Products President Daniel Nussbaum as its newest Board of Directors member.
Daniel Defense Adds Three New Faces to Executive Leadership Team
Daniel Defense added three executives to its leadership team, reporting to CEO Rod Reasen. Daniel Richmond assumes the role of chief revenue office, Jake Cason was appointed CFO and will lead accounting/finance and IT and Dave Everett joined the company as VP of product and engineering.
Report: Footwear Retailers Top Retail Foot Traffic Gains Since 2020
Shoe store visits quickly bounced back following the first days of the pandemic when restrictions all but sidelined retail foot traffic and Nike, WSS and Boot Barn look to be well positioned for continued growth for back-to-school based on a report from Placer.ai.
Rev Group Promotes Recent Hire to New VP/General Manager Role
Rev Group promoted Eduardo Castano to vice president and general manager of Lance Camper Mfg. Corp.
FESI Responds to European Parliament Proposal on Sustainable Product Regulation
The Federation of European Sporting Goods Industry said this week that it commends the Parliament’s efforts in recognizing the trade-offs involved in establishing eco-design requirements, a crucial step toward advancing sustainability and environmental responsibility within the sporting goods industry.
Kaspar Outdoors Hires Account Manager for Rep Group
Kaspar Outdoors, the parent company of Horizon Firearms, iota Outdoors, Stiller, and Texas Ammunition, added Dave Barnes to its sales team.
Camping World Closes on Acquisition of Yuba City, CA Dealership
Camping World Holdings, Inc. closed on the acquisition of All Seasons RV in Yuba City, CA.
Smith & Wesson Enters Into New Distribution Partnership
Smith & Wesson Brands, Inc. entered into a new distribution partnership with Orion Wholesale.
Rapala VMC Corp. Increases Stake In 13 Fishing
Rapala VMC Corp. and James Coble, the majority shareholder of DQC International, which manufactures and markets 13 Fishing rods and reels, reached an agreement whereby Rapala VMC will increase its ownership of DQC International to 60 percent of the Florida-based company. At the same time, Coble will retain a 40 percent share of the company.
