SGB Update Outdoor
NRF Forecasts Mid-Single-Digit Retail Sales Growth In 2023
The National Retail Federation issued its annual forecast today, anticipating that retail sales will grow between 4 percent and 6 percent in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion in 2023.
RecNation Acquires First RV Storage Facility in Nashville Market
RecNation Storage has acquired its first premier recreational storage facility in Nashville, TN. The company said it is the first institutional grade specialized storage company created to serve the growing need for recreational vehicle storage
Helinox Opens Second Creative Center In Busan, South Korea
Helinox, the manufacturer of lightweight, portable furniture for outdoor use, recently opened its second multi-story Helinox Creative Center Busan (HCC Busan). Busan is the second largest city in South Korea know for urban design and outdoor escapes.
Dick’s SG To Open Store In Minnesota’s Rosedale Center
Dick’s Sporting Goods is opening an 80,000-square-foot store at Minnesota’s Rosedale Center. Poag Development Group, overseeing the construction of the store, formerly occupied by a Herberger, reported the news in a press release.
RV Industry Association Sees February RV Shipments Down Nearly 54 Percent
The RV Industry Association reported that a February 2023 survey of manufacturers determined total RV shipments ended the month with 24,903 units, a decrease of (-53.7 percent) compared to the record 53,773 units shipped in February 2022.
Canada’s Mountain Sports Distribution Acquired By PE Fund
Mountain Sports Distribution, Inc. (MSD), a distributor in the powersports industry headquartered in Golden, British Columbia, was acquired by KV Capital.
Hipcamp Launches Free Public Lands Campsite Maps
Campsite booking platform Hipcamp launched free public lands maps to find and book available campsites in the U.S. that are on or near points of interest on public lands.
Chris-Craft Opens New Manufacturing Facility In Sarasota
Boat manufacturer Chris-Craft, a wholly-owned subsidiary of Winnebago Industries, reported it opened a new manufacturing facility in Sarasota, FL. Building 5 increases the company’s production capacity by 50 percent and spans over 70,000 square feet, allowing for the complete build of boats.
Compass Diversified Re-Works Board As Sally McCoy Plans Departure
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.
Burberry To Acquire Technical Outerwear Factory
Burberry announced plans to acquire a specialist technical outerwear factory from Pattern SpA, a longtime supplier whose business activities include engineering and production of luxury garments. The purchase price is €21 million ($23 mm).
Oofos Sees 82 Percent Year-Over-Year Sales Growth; Completes New Funding Round
Oofos reported it completed a growth investment round of funding led by Derek Carr, quarterback of the New Orleans Saints, retired NFL quarterback Alex Smith and women’s college basketball coach Dawn Staley.
Leatt Corp.’s Revenues Fall In Fourth Quarter
Leatt Corp. reported sales fell 53 percent in the fourth quarter against difficult year-ago comparisons while sales for the year rose 5 percent.
Survey Says Consumer Interest In Sustainable Products/Practices Remains High
According to a survey of more than 1,000 U.S. consumers conducted by supply chain technology company Blue Yonder, nearly half of all respondents reported increased interest in eco-conscious habits over the past year; however, they remain wary of corporate sustainability claims.
Brunswick Corp. Sees Strong Showing For Boat Brands At Recent Show
Brunswick Corporation reported that its boat brands finished off at the Palm Beach International Boat show with record outboard market share and increased boat sales.
Winnebago To Acquire Lithium-Ion Battery Solutions Provider
Winnebago Industries, Inc. has agreed to acquire Lithionics Battery, a lithium-ion battery provider, to the recreational equipment and specialty vehicle markets. The terms of the deal were not disclosed.
