SGB Update Outdoor
Axil Brands Posts Strong FY Growth, or How to Survive on 73 Percent Gross Margins
Consolidated net sales for the fiscal year ended May 31, 2024 increased 17 percent year-over-year to a record $27.5 million, delivering gross margins of 73.4 percent of sales and operating margins of 68.0 percent for the fiscal year.
Belgian Cycling Factory Adds Three Country Managers to Leadership Team
Alexandre Carrie is now managing France and Wallonia, Oliver Esselborn manages Germany and Switzerland, and Peter Wilhelm is the latest addition to BCF’s Country Leadership team.
Reima Appoints NA Wholesale Marketing Manager
Cotopaxi veteran Drew Eakins is Reima’s new wholesale marketing manager for North America. He will be based at the brand’s North American headquarters in Golden, CO.
U.S. Census Bureau Reports 5.2 Percent Y/Y Growth for July Core Retail Sales
Sporting Goods, Hobby, Musical Instruments, and Bookstore sales were reported down 6.8 percent y/y from July 2023, doubling the 3.4 percent year-over-year decline reported in June, and down 0.1 percent versus June 2024.
Walmart’s Strong Second Quarter Drives Wall Street Indices Higher
Walmart Inc. shares were up in the mid single digits on Thursday morning, Aug. 15 and assisted in driving the stock market up as a whole as analysts heralded strong retail numbers.
Rambo Bikes Partners with Indie Rep Group, Extends Reach in Eastern U.S.
By teaming up with Rambo Bikes, MWS Associates will cover key regions from New England to the Southeast and Midwest to broaden its customer base.
Perfect Moment Sales Dip in Fiscal Q1 on Heavy E-Commerce Returns
The end-of-season sale for AW23 included an unusually high percentage of products sold at a discount to make room for a new collection replacing many of the brand’s product lines for AW24, partly due to new restrictions on PFAs in apparel.
Dillard’s Q2 EPS Contracts 42 Percent on Lower Sales, Tighter Margins and Rising Expenses
The department store retailer hit the trifecta as sales and margins fell and expenses rose for the fiscal second quarter. The weakest performances came from men’s apparel, accessories and shoes; the best category was cosmetics.
Report: Online Spending Rose in July, but Shifted to Lower Cost Options
Signifyd’s data shows e-commerce sales are still growing, but consumers are relying on discounts and low-cost options as merchants wonder what it means for the coming Holiday shopping season.
VF Corp. and Nike Veteran Goksel Ozturk Passes Away
VF Corporation announced the passing of Goksel Ozturk, the company’s country managing director in Turkey
Escalade’s Walt Glazer to Retire from President and CEO Roles
Glazer, a shareholder since 1991, a Board Director for the past nine years, and chairman since 2018, will continue serving on the Board after his retirement, pending annual shareholder approval.
Vail Resorts Announces 2024/25 Winter Season Opening Dates
The company will kick off the ski season in October at Keystone Resort, with more resorts across the Rockies and West opening closer to the winter season.
Leatt Corporation Swings to Q2 Loss as Global Sales Fall Despite U.S. Growth
Consumer-direct sales increased by 19 percent, and dealer-direct sales increased by 14 percent, which the company believes is a testament to brand recognition and the success of its drive to reach a wider global consumer group.
Yamaha U.S. Marine Appoints Outdoor Marketing Division Manager
A 21-year company employee, Scott Higgins now oversees Yamaha Marine advertising, events, tournaments and sponsorships, Yamaha pro staff, and Yamaha Marine dealer education. He succeeds Susan Camp, who retired in August 2024.
Reports: Rad Power Bikes Cut More Headcount in July
This is the sixth round of layoffs that have hit the e-bike startup since 2021.
