SGB Update Outdoor
Academy Sports and Outdoors Narrows Full Year Outlook as Fiscal Q3 Comes Up Short
The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
G-III Apparel Group Ups Full Year Profit Outlook as it Lowers Top-Line Guide
Net sales for the third quarter ended October 31, 2024 increased 1.8 percent to $1.09 billion compared to $1.07 billion in the prior-year Q3 period.
ORR Releases Annual State Rankings Based on $1.2T Economic Impact Report
The Outdoor Recreation Roundtable (ORR) announced its second annual rankings of state outdoor recreation economies based on the latest U.S. Bureau of Economic Analysis (BEA) data.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
Vail Resorts Posts Flattish Fiscal Q1 Results in Historically Small Quarter
The company’s first fiscal quarter historically operates at a loss, given that its North American and European mountain resorts are generally not open for ski season. The quarter’s results were driven by winter operations in Australia and summer activities in North America.
Ski-Doo Parent’s Q3 Profits Get Crushed as it Focused on Inventory Reductions
the Canada-based parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, said it continued to focus on reducing network inventory in fiscal Q3 which resulted in reduced revenues versus the prior-year Q3 period.
X Games Names Jeremy Bloom as CEO
His track record as an athlete and of building and managing successful companies will be instrumental in continuing to elevate the X Games properties and the X Games League.
L.L.Bean Making Additional Staff Cuts in Maine HQ
The retailer will lay off 50 to 75 employees at its corporate headquarters in Maine. These latest cuts equal approximately 2 percent to 3 percent of its Freeport-based staff and are the retailer’s second round this year.
Activist Investors Push Macy’s to Consider Changes to Capital Allocation Strategy
Barington Capital Group and Thor Equities LLC asked Macy’s to bring fresh perspectives to the company, especially in the areas of capital allocation, merchandising and retail and real estate
Clarus Corporation Appoints New Board Member
The parent of Black Diamond appointed Mark Besca to the company’s Board of Directors, effective immediately. He was also appointed to the Audit Committee of the company’s Board.
Black Diamond Parent Adds to Adventure Segment, Acquires RockyMounts
The RockyMounts deal is the first acquisition in the Adventure segment since Clarus acquired Tred Outdoors in October 2023. Transaction terms were not disclosed. Cash-on-hand funded the deal.
Helinox EMA Strengthens Team with Commercial Manager Europe
As Commercial Manager Europe, Murphy is joining Helinox as the brand, effective January 1, 2025, focused on two major initiatives for 2025: introducing an updated version of the brand’s Chair One (re) and launching products in the new Helinox Play category.
NRF Chief Economist Sees Strong Q3 Results Boding Well for Holiday Retail Season
Many consumers started shopping earlier because a late Thanksgiving left five fewer shopping days before Christmas than in 2023. Based on data that the National Retail Federation has seen so far, conditions are shaping up for a successful holiday retail season.
