SGB Update Outdoor
Wolverine Worldwide Lowers Outlook Despite Second Quarter EPS Beat
Wolverine World Wide Inc. reported second-quarter earnings topped Wall Street estimates in the second quarter ended July 2, but sales fell short due to supply chain disruption. Guidance for the year was reduced due to expectations of higher promotional activity amid elevated inventories in the back half of the marketplace.
NPD Reports U.S. Footwear Sales Decline In Q2
In the second quarter of 2022, U.S. footwear industry sales revenue was $10.7 billion, a decline of 4 percent versus Q2 2021, according to The NPD Group.
Imports Slowing In Second Half, But 2022 Should See Gain Over 2021
After a record-setting spring, imports are expected to slow down at major U.S. container ports for the remainder of the year, but there will be a net gain over 2021, according to the Monthly Global Port Tracker Report* released by the National Retail Federation and Hackett Associates.
Mayfly Outdoors Names CEO And President
Mayfly Outdoors, best known for its fly fishing brands Abel, Ross Reels and Airflo, hired Jeff Wagner as CEO and president.
Chattanooga Shooting Supplies Increases Sales Staff
Chattanooga Shooting Supplies increased its sales department with the hiring of Brenda Bohot, Chandler Gillis, Daniel Disney, Misti Moore, and Scott Patrick.
Emerald Holding’s Q2 Sales Recover
Emerald Holding, Inc., the operator of trade show, reported a loss in the second quarter ended June 30 but sales bounced back as the company was able to hold 29 in-person trade shows, conferences and other events during the quarter.
American Outdoor Brands Appoints Independent Director
Bradley T. Favreau was appointed an independent director to American Outdoor Brand, Inc.’s Board of Directors immediately, with his term expiring at the Company’s 2023 Annual Meeting of Stockholders.
Moncler’s Sales Expand 48 Percent In First Half
Moncler S.p.A reported sales grew 48 percent in the first half, boosted by double-digit growth for the Moncler brand and the acquisition of Stone Island.
Forrester Sees U.S. Online Retail Spending Reaching $1.6 Trillion By 2027
In 2021, U.S. total retail sales, excluding auto and gas, reached a record high of $4.3 trillion, driven by U.S. consumers’ accumulated savings in 2020 and the stimulus checks that they received from the government. By 2027, Forrester expects total U.S. retail sales to reach $5.5 trillion and U.S. online retail sales to reach $1.6 trillion.
MidwayUSA Announces Merchandising Manager, Optics
MidwayUSA’s Matt Frevert was promoted to merchandising manager, Optics.
MidwayUSA Adds Merchandising Manager, Clothing And Footwear
MidwayUSA’s Matt Quintero received a promotion to merchandising manager, clothing and footwear.
Vista Outdoor Closes On Fox Racing Acquisition
Vista Outdoor, Inc. announced it closed on the acquisition of Irvine, CA-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance.
OIA Executive Director To Resign
Lise Aangeenbrug, executive director Outdoor Industry Association (OIA), will resign effective August 19 to join the National Park Foundation.
MidwayUSA Appoints Merchandising Manager, Hunting, Archery & Black Powder
MidwayUSA’s Jerod Smothers recently accepted the position of merchandising manager, Hunting, Archery and Black Powder.
Johnson Outdoors’ Q3 Sales Slide 5 Percent
Johnson Outdoors Inc. reported net profits fell 49 percent in the third fiscal quarter ending July 1. Sales declined 5 percent due to a 12 percent drop in fishing segment sales. Sales grew 32 percent in camping, 10 percent in watercraft recreation and 7 percent in diving.
