SGB Update Outdoor
NRF Sees Holiday Sales Growing As Much As 8 Percent
The National Retail Federation (NRF) expects holiday sales growth over November and December will expand in the range of 6 percent to 8 percent to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5 percent over 2020.
Unifi’s Q1 Sales Slump 8 Percent
Unifi, Inc. reported an operating loss in the first quarter ended October 2 as sales declined 8.4 percent due to temporary demand disruption in the Americas and Asia tied largely to inventory destocking in the apparel space. The fabric company withdrew its guidance for the year due to uncertainty about the timing of a recovery in the apparel sector.
GoPro’s Q3 Revenues Slip, Subcriptions Jump
GoPro, Inc. reported lower profitability on a modest decline in sales in the third quarter ended September 30 but saw a strong uptick in subscriber count.
Cotopaxi Hires Chief Brand Officer
Cotopaxi hired Brad Hiranaga as its chief brand officer. He join the company in September from General Mills where he held the position of chief marketing officer.
Compass Diversified Sees Q3 Adjusted Earnings, Pro Forma Sales Up 15 Percent
Compass Diversified, the parent company to a number of active lifestyle brands, including BOA, 5.11, Primaloft and Velocity Outdoor, among others, posted $597.6 million in net sales in the third quarter, up 22 percent compared to $488.2 million in the third quarter of 2021.
Fox Factory Q3 Sales And Earnings Up Double-Digits
Fox Factory Holding Corp. reported sales for the third quarter increased 17.8 percent to $409.2 million, compared to $347.4 million in the comparable period last fiscal year.
REI Co-op To Open Second Store In New Hampshire
REI Co-op will open a new store in Bedford, NH, in fall 2023; this is the retailer’s second location in the state. The 22,000-square-foot space will be at Market and Main, at 125 S. River Road.
OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent
Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period.
Sturm Ruger’s Q3 Sales Slide 22 Percent
Sturm, Ruger & Company, Inc. reported earnings fell about 50 percent in the third quarter as sales declined 21.8 percent.
Vista Outdoor Cuts Outlook On Weakness In Outdoor Products Segment
Vista Outdoor Inc. became the latest firm in the active lifestyle space to reduce its guidance for its fiscal year due to the macroeconomic challenges with sales particularly weakening in its Outdoor Products segment. Second-quarter results came in line with recently updated guidance.
The Conservation Alliance Announces New Executive Director
The Conservation Alliance hired Nicole Rom as executive director and promoted its interim Executive Director, Shoren Brown, to vice president, public affairs.
GOA Reports YTD Sales Growth Of 8.2 percent
Grassroots Outdoor Alliance (GOA) announced that based on topline revenue data provided by its retail members, GOA group sales numbers were up 8.2 percent year-to-date over 2021, which was a record-setting year for the group.
Rocky Brands’ Q3 Sales Expand 17.5 Percent
Rocky Brands Inc. reported a profit against a loss in the third quarter ended September 30 as sales grew 17.5 percent and expenses were sharply reduced year over year.
Vittoria Industries To Move North America Headquarters To Bentonville
Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, AK taking space in the Ledger, a new six-story building downtown, providing employees with a bike-friendly facility. The move is expected to take place in December 2022.
Camping World’s Q3 Sales Expand 3 Percent
Camping World Holdings reported earnings rose 45.6 percent in the third quarter ended September 30 on a sales gain of 3.2 percent.
