SGB Update Outdoor
Winnebago Industries’ Q1 Revenues Fall 18 Percent
Winnebago Industries, Inc. reported sales slid 17.6 percent in the first quarter ended November 26 as a steep decline in Towable segment offset growth in Motorhome and Marine segments. Results were still easily ahead of analyst expectations.
November Retail Sales Dip 0.6 Percent
U.S. retail sales fell 0.6 percent in November from October but were up 6.5 percent year-over-year, the Department of Commerce reported. That compares with increases of 1.3 percent month over month and 8.3 percent year-over-year in October, which got a boost from earlier-than-usual holiday shopping driven by concerns that inflation would continue to increase prices.
HLC Expands Sales Rep Coverage
HLC, the U.S. sales agent for Marin Bikes, hired seven outside market development reps to support its brands, IBDs and the cycling community.
Backpacker’s Pantry Hires Director Of Sales
Backpacker’s Pantry, owned by American Outdoor Products, hired Derek Hancock as director of sales.
Ammo, Inc. Hires Chief Operating Officer And President
Ammo, Inc., the owner of GunBroker.com, hired Jared Smith as chief operating officer and president, effective January 3, 2023. Smith, most recently, worked as the general manager for Fiocchi of America.
Bentonville Becomes Headquarters For U.S. National Mountain Bike Team
USA Cycling reported that Bentonville, AR, was selected as the official training site for the U.S. National Mountain Biking Team.
Fenix Outdoor’s Q3 Sales Expand 13 Percent
Fenix Outdoor International reported sales climbed 13.4 percent in the third quarter.
NRF Study Forecasts More Than $816 Billion In Holiday Returns
Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a retail report released by the National Retail Federation (NRF) and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5 percent compared with 16.6 percent in 2021.
REV Group’s Sales Expand 5.7 Percent In Fourth Quarter
REV Group, Inc. reported consolidated net sales in the fourth quarter ended October 31 were $623.6 million, representing an increase of 5.7 percent compared to $589.9 million for the three months ended October 31, 2021.
TravisMathew Announces Hires For European Office
TravisMathew, the manufacturer of lifestyle and performance apparel, hired Matt Freeland and Matt Cox as general manager, EMEA and strategic key account manager EMEA, respectively, headquartered in its newly-created European office.
Dunham’s Sports To Open Stores In Wisconsin And Nebraska
Dunham’s Sports is opening stores on December 16 in Manitowoc, WI and North Platte, NB.
Al’s Sporting Goods To Open In Boise
Al’s Sporting Goods is opening a stores in Boise, ID, according to boisedev.com.
GoFluo Cycling Apparel Enters U.S. Market
GoFluo, the Belgian cyclist apparel brand, reported it will enter the U.S. market in 2023.
Report: Pinarello Exploring Sale
L Catterton, the private equity fund that acquired Pinarello in 2016, has retained Houlihan Lokey to explore a sale of the Italian bike manufacturer, according to unquote.com.
IAiming Names VP Operations
IAiming, the maker of smart thermal rifle scopes, hired Tom Weeks as vice president of U.S. operations, based in its North American headquarters in Arlington, TX.
