SGB Update Outdoor

REI To Open Store On Tribal Land In Arizona

REI Co-op will open a store in Prescott, AZ in Fall 2023, leased from the Yavapai-Prescott Indian Tribe and located on tribal land at Frontier Village Center.

Brunswick Posts Solid First Quarter Sales and Adjusted Profits

Brunswick Corporation reported consolidated net sales of $1.74 billion for the first quarter of 2023, up 2.8 percent from $1.70 billion in the first quarter of 2022. Diluted EPS for the quarter was down 30.7 percent to $1.56 a share on a GAAP basis but up 1.6 percent to $2.57 a share on an adjusted basis.

Osprey, Hydro Flask Parent Sees Flattish Q4 Growth From Home & Outdoor Segment

Helen of Troy reported sales in the Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 0.5 percent in the fiscal fourth quarter ended February 28, to $211.9 million. Helen of Troy also gave soft guidance for the segment in the current fiscal year, expecting sales to range from a decline of 1.7 percent to growth of 1.0 percent.

Outdoor Apparel Company SheFly Rebrands As Gnara

Outdoor apparel company SheFly reportedly rebranded as Gnara. Part of the reason may be because Turkey-based Melik Tenstil Group is using the Shefly brand name to sell its fashion apparel at wholesale prices.

Shimano Trims Outlook As Q1 Cycling Segment Sales Decline

Shimano slightly lowered its outlook for the year after reporting earnings declined in the first quarter on a 12.5 percent revenue decline. Sales in the Bicycle Components segment were down 17 percent in the first quarter while Fishing Tackle segment sales were up 7 percent.

Report: U.S. Footwear Sales Slip In Q1 But Performance Footwear Gains

U.S. footwear industry sales revenue was down 3 percent in the first quarter year-over-year to $9.0 billion, according to point-of-sale data published by Circana, formerly The NPD Group. Gains in the performance footwear category, led by basketball, were offset by declines in the leisure and fashion categories.