SGB Update Outdoor
Namuk Bolster’s U.S. Presence, Hires CMO
Namuk, the Swiss kid’s outdoor apparel brand, hired Sebastian Reinhard as chief marketing officer, responsible for national and international communication.
Canada Goose To Open Stores In Las Vegas And Denver
Canada Goose announced plans to open stores in permanent locations in Las Vegas and Denver, including two pop-up stores in Aspen and Detroit.
Recall: Bolt Foldable Children’s Scooters
About 5,000 Bolt Foldable Children’s Scooters from Anker Play Products are being recalled.
Recall: Rad Power Bikes
About 29,300 RadWagon 4 Electric Cargo Bikes from Rad Power Bikes are being recalled.
NICS Firearms Background Checks Slide 11.4 Percent In October
The October 2022 NSSF-adjusted National Instant Criminal Background Checks (NICS) fell 11.3 percent to 1.27 million compared to the October 2021 NSSF-adjusted NICS figure of 1.43 million.
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.
