SGB Update Outdoor
Perfect Moment Ltd. Posts Lower Fiscal Q3 Sales, Profits as Deliveries Pulled Forward
The sales decrease was said to be primarily due a substantial amount of wholesale revenue that historically was recorded in Q3 was instead accelerated into Q2 due to certain earlier-than-planned customer shipments.
RVIA Sees February RV Shipments Up 18 Percent, Led by Strong DD Gains on Towables
The RV Industry Association’s February 2024 manufacturer’ survey found that total RV shipments ended the month with 31,024 units, an increase of 17.8 percent year-over-year. Towable RVs, led by conventional travel trailers, were up 24.4 percent year-over-year.
Capstone Partners Releases Annual Consumer M&A Report
Personal consumption spending on services increased 7.4 percent YoY, over double the growth experienced by goods spending, the widest differential of services spending growth versus goods spending growth since 2009.
Topgolf Callaway Completes Debt Repricing
The company said it lowered its annual interest expense while maintaining the financial flexibility and liquidity needed to fund the continued growth of the business.
Winnebago Swings to Fiscal Q2 Loss as Revenues Fall Double Digits
The motorhome, towable, and boat maker went the way of the RV industry as a whole in fiscal Q2, which ended February 24, as the post-COVID market conditions almost guaranteed a double-digit decline on the top line and a loss on the bottom.
66°North Appoints Strategy and Business Development Director
Josefine Laigaard will play an integral role in the expansion plans, working in the brand’s new satellite head office in Copenhagen, Denmark and working closely with the HQ in Reykjavik, Iceland.
Allbirds Inc. Inks Two More International Distributor Deals
Alyasra Fashion will be the exclusive Allbirds distributor in the Gulf Countries territory, and Primer Group will distribute Allbirds products across Malaysia, Singapore, Indonesia, and the Philippines.
Academy Sports and Outdoors Sees Positive Change in Q4 Sales Trend
The retailer reported that it did not meet its own expectations for Fiscal 2023 but a trajectory change in the fourth quarter turned the frown upside down. Fourth quarter net sales were up 2.8 percent to $1.79 billion while comp store sales declined 3.6 percent for the period.
DSW Parent Designer Brands Sees Shares Slide on Miss Against Street Estimates
The parent company to the DSW, Topo, Keds, Hush Puppies and other footwear brands, saw net sales decrease 0.8 percent to $754.3 million in the fiscal 2023 fourth quarter. Total comparable sales decreased by 7.3 percent for the quarter.
NRF Sees Retail Growth Slowing in 2024 as Economy Slows
The National Retail Federation forecasted 2024 retail sales would increase between 2.5 percent and 3.5 percent year-over-year to come in at $5.23 trillion to $5.28 trillion, a moderation from the 3.6 percent growth in 2023.
Shoe Carnival Sees Sales Improving in 2024 with EPS in Line with 2023
Shoe Carnival, Inc. reported net sales came in at the high end of the company’s expectations, totaling $280.2 million in Fiscal 2023 fourth quarter and $1.18 billion in Fiscal 2023 year ended February 3.
EXEC: U.S. Shoppers Are Under the Influence of Influencers
Now it’s the content creator, or influencer that is moving the market for brands, products, food, restaurants, new stores, and just about anything that requires a decision on the part of a consumer. If you are a marketer, you know this story all too well.
OnX Acquires TroutRoutes, Expands into the Angling Industry
OnX Fish will launch on iOS and the web exclusively in Minnesota this spring, with plans to expand across the Midwest later this year.
Big Agnes Hires Director of Design and Development
Michael Thompson is an outdoor industry veteran with 20 years of experience, having worked for Black Diamond Equipment, The North Face and Pearl Izumi.
Shimano North America Fishing Appoints Jason Livermore as SVP
As SVP, Livermore will reportedly oversee all operational teams, including sales, marketing, supply chain, e-business, and customer services.
