SGB Update Outdoor
Costco December Comps Rise 5.5 Percent But E-Commerce Declines
Costco Wholesale Corporation posted net sales of $23.80 billion for the retail month of December, the five weeks ended January 1, 2023, an increase of 7.0 percent from $22.24 billion in the comparable month last year.
Merrell Hires New VP U.S. Sales
Merrell hired Jessica Adler as VP of U.S. sales. With nearly 20 years of experience in retail, Adler is responsible for the brand’s U.S. wholesale strategy.
Brunswick Corp. Introduces Boat Brand At CES
This week, Brunswick Corp. launched a new boat brand, Veer, at the CES show. The company said the boat supports electric propulsion and appeals to the “next generation of boaters.”
Henry Repeating Arms Advances Communications VP
Henry Repeating Arms promoted Daniel Clayton-Luce to vice president of communications.
YakAttack Hires VP Of Sales
YakAttack, LLC hired Joe Butler as VP of sales. Butler was previously the owner of Black Creek Outfitters. He brings 30-plus years of business development and watersports retail experience to the position.
Osprey, Hydro Flask Parent Sees Drop In Fiscal Q3 Home & Outdoor Segment Sales
Helen of Troy Ltd. reported sales in its Home & Outdoor segment, which includes OXO, Hydro Flask, Osprey, were down 7 percent on a reported basis and 23.3 percent on an organic basis in the third quarter ended November 30. Helen of Troy’s overall sales were down 10.6 percent but results exceeded expectations and guidance was raised for the fiscal year.
NICS Firearms Background Checks Slide 2.5 Percent In December
The December 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) declined 2.5 percent to 1.75 million compared to the December 2021 NSSF-adjusted NICS figure of 1.79 million.
Puffin Drinkwear Hires CFO, Closes Funding Round
Puffin Drinkwear hired Arianna Moore as CFO and closed on a Series A funding round led by Village Family Capital and Jim Collis of Colfam Management.
RVIA Adds VP Government Affairs
The RV Industry Association (RVIA) tapped Jason Rano, a senior government relations executive with over 18 years of experience in legislative and regulatory initiatives, as VP of government affairs, effective immediately.
Injinji Hires Graphic Designer
Injinji has hired Chelsea Call as a graphic designer.
Nosler Adds Senior Business Development Manager
Nosler, Inc., the maker of bullets, brass, ammunition and firearms, promoted John Nason to the role of senior business development manager.
Hest Grows Leadership Team With Recent Hires
Hest, the designer of car-camping sleep products, hired Chris Tennal as director of sales and Amy Villella as a senior accountant.
Warne Scope Mounts Names New CEO
Warne Scope Mounts promoted Brian Motland, president and VP of operations, to CEO. Dan Goetz retired as CEO after ten years with the company.
Surf 9 Paddle Boards Recalled
About 13,300 Body Glove Tandem and ULI Inflatable Paddle Boards from Surf 9 were recalled. The boards were sold at Costco.
NRF Economist Sees Balance Between Inflation And Interest Rates Key To Avoiding Recession
It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession; however, continuing interest rate hikes increase the likeliness, according to the NRF’s Chief Economist Jack Kleinhenz in the January Issue of its Monthly Economic Review.
