SGB Update Outdoor
Big 5’s Q1 Profits Top Guidance
Big 5 Sporting Goods Corp. reported same-store sales were down 11.4 percent for the first quarter ended April 3 and flat compared to the pre-pandemic first quarter of fiscal 2019. Earnings were also down against year-ago record results but exceeded guidance.
Patagonia, The North Face, Levi Strauss Top Circular Fashion Index
Patagonia, The North Face and Levi’s are the brands most committed to fashion circularity, according to management consulting firm Kearney’s 2022 The Circular Fashion Index.
GSM Outdoors Acquires Bill Lewis Lures
GSM Outdoors announced the acquisition of the Bill Lewis Rat-L-Trap brand of lures.
Eddie Bauer Appoints Creative Director
Eddie Bauer appointed Christopher Bevans as creative director. A member of CFDA he was recognized for his work with DYNE, earned the 2017 Woolmark Innovation Prize, was named a 2017 CFDA/Vogue Fashion Fund finalist, he was also a senior creative lead at Shopify.
ICSC Survey Highlights Ongoing Importance Of Small Business
International Council of Shopping Centers (ICSC) released the results of its Small Business Consumer Survey that found that 94 percent of adults either shop, spend or use the services of small businesses. Over half of consumers, 54 percent, shop at small businesses at least once a week, and 42 percent frequent small businesses more frequently than before the pandemic.
Camping World Opens Upstate NY Location
Camping World Holdings Inc. announced the opening of Camping World of Rochester. The SuperCenter expands RV Sales and service to the Churchville, NY area and will serve the greater Rochester market.
Kohl’s Increases Rewards Program Earn Rate To 7.5 Percent
Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.
Pou Sheng Sees Decline In First Quarter Profit
China’s Pou Sheng International said it expects to report a “substantial decrease” in profits in the first quarter due to new wave of the pandemic in its operating regions.
Bass Pro To Open In Irvine, CA
Bass Pro Shops announced plans for a new superstore in Irvine, CA. The new 140,000-square-foot store, expected to open in late 2022 or early 2023, joins a Bass Pro location in Rancho Cucamonga in Southern California.
Fiocchi Acquires Lyalvale Express
Fiocchi Group, the maker of small-caliber ammunition under Fiocchi Munizioni, Fiocchi of America and Baschieri & Pellagri brands, announced the acquisition of Lyalvale Express.
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Fenix Outdoor’s Revenues Climb 30 Percent In First Quarter
Fenix Outdoor, based in Switzerland, reported sales grew 30 percent in the first quarter to €165.2 million ($174 mm) from €127.1 million a year ago.
Winchester’s Q1 Revenues Climb Nearly 10 Percent
Winchester sales for the first quarter were $426.7 million, up 9.6 percent compared to $389.2 million in the first quarter of 2021, according to its parent, Olin Corp. The increase in Winchester sales was primarily due to higher commercial ammunition pricing.
Osprey CEO Steps Down
Osprey announced that Layne Rigney would step down as CEO. The move follows the December sale of Osprey to Helen of Troy, Ltd.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
