SGB Update Outdoor

ICSC Releases Post-Thanksgiving Weekend Survey Results

The International Council of Shopping Centers (ICSC) reported the results of its post-Thanksgiving weekend survey*, which showed that over half of respondents (56 percent) noted that they shopped just as much or more than in the past, an increase of 6 percent from its 2022 survey.

Bogner Opens Flagship Stores in NYC and LA

The Germany-based so-called “Ath-Luxury” brand that claims to effortlessly transition from the slopes to the city and beyond said it is building on the “resounding success” of its short-term and pop-up locations on both coasts. The stores officially opened their doors in November 2023.

5.11 Tactical to Transition Senior Leadership

Francisco J. Morales, co-founder and former CEO will be promoted to executive chair of the Board of Directors, while 5.11 Board member Troy R. Brown will become CEO, effective January 1, 2024.

Tilly’s Posts Q3 Loss Amid Markdowns and Sales Declines

Tilly’s, Inc. reported a loss against a profit in the third quarter on higher promotions and a 9 percent decline in sales. Sales were at the lower end of the retailer’s guidance although the loss was lower than expected. The action-sports chain expects Q4 comps to decline between 9 percent and 6 percent.

American Outdoor Brands Sales Grow Mid-Singles in Fiscal Q2

Second quarter earnings per share was down by two-thirds despite a 6.2 percent increase in sales. The shooting sports category saw a slight decline in net sales by that decline was offset by growth in the outdoor lifestyle category.

Zumiez Posts Q3 Loss But Tops Guidance; Sales Slide 9 Percent

Zumiez, Inc. reported a loss in the third quarter ended October 28 on an 8.9 percent decline in sales but results topped the retailer’s guidance and sequential improvement was seen compared to the first two quarters of the year. Sales are down 4.6 percent so far in the current quarter. 

Report: U.S. Retail Footwear Sales Dip for Thanksgiving Week

Footwear units sold reportedly declined 4 percent in the week ending November 25, but dollar sales declined at a softer rate of 1 percent due to a 4 percent increase in average selling prices (ASPs)., according to Circana’s point-of-sale data.

Ski-Doo Parent Company Reports Q3 Lift from N.A. Snowmobile Sales

BRP Inc.’s North American Powersports Products retail sales were flat year-over-year for the third quarter, reportedly driven by the strong retail sales of Snowmobiles offsetting declines elsewhere. North American retail sales for Marine Products decreased 30 percent.

Academy Sports Trims Guidance on Q3 Shortfall

The retailer narrowed its full-year guidance to the lower end of prior expectations as third-quarter sales and earnings arrived below expectations. The retailer blamed generally soft consumer spending and warm weather’s impact on fall selling.

Duluth Trading Posts Wider Fiscal Q3 Loss as Sales Decline

The retailer posted a net loss of $10.5 million, or a loss of 32 cents per diluted share, in the quarter, compared to a loss of $6.2 million, or a loss of 19 cents per diluted share, in the year-ago quarter. Net sales decreased 6.1 percent to $138.2 million.