SGB Update Outdoor
Fox Factory Slashes Guidance on Impact from Auto Strike/Elevated IBD Inventories
Fox Factory Holding Corp. reported third-quarter sales came in well below guidance while significantly lowering its outlook for the year due to the impact of the United Auto Workers strike and continued inventory destocking in bike channels.
Anglers All Fly Shop & Boathouse to Open in Denver Early 2024
The Denver shop will add to the Anglers All brand based in Littleton, CO, where the original fly shop is, along with the newly opened Boathouse.
NRF Sees 3 to 4 Percent Growth in Holiday Spending
The National Retail Federation (NRF) delivered its annual holiday forecast, predicting sales during November and December will be between 3 percent and 4 percent higher over 2022, similar to pre-pandemic levels.
GSM Outdoors Expands Brand Stable with Camillus, Cuda Acquisitions
GSM Outdoors acquired Camillus Cutlery, founded in 1876, one of the oldest knife manufacturers in the United States, and announced the acquisition of the Cuda fishing tools brand.
Camping World Q3 Profit Falls 70 Percent as Inventory Cleared
As the procurement prices of model year 2024 new vehicles declined compared to model years 2022 and 2023, the company actively discounted certain used vehicles in Q3 to reduce inventory levels of aged used vehicles.
Vista Outdoor’s Revenues Decline 13 Percent in Fiscal Second Quarter
Vista Outdoor, Inc. reported sales dropped 13 percent in the fiscal second quarter ended September 24 with declines of 19 percent in its Sporting Products segment and 6 percent in its Outdoor Products segment. Earnings and sales results were in line with updated guidance given on October 16.
Nordica Appoints U.S. National Sales Manager
Nordica recently hired Andy Lovell as U.S. national sales manager. He is a 20-year veteran of the active outdoor industry. Most recently, Lovell was the global key accounts manager for W.L. Gore & Associates.
St. Croix Fly Adds Industry Vet as Southeast Sales Rep
The fly rod company hired Chase Pritchett as a sales rep for the Southeast U.S., covering Alabama, Georgia, Florida, South Carolina, North Carolina, and Tennessee.
Deckers Brands Promotes Fox to Senior Marketplace Manager
Deckers Brands promoted Lindsey Fox to senior marketplace manager, trend and lifestyle. She was previously a senior account executive with Deckers for nearly five years.
Christy Sports Appoints Chief Marketing Officer
The retailer hired Danielle Quatrochi as chief marketing officer. In 2015, Quatrochi was honored as an SGB 40 Under 40 recipient when she worked as the VP of digital at The Finish Line, Inc. She also spent nearly ten years working at Nike.
Canada Goose Appoints New CFO
Neil Bowden, Canada Goose deputy CFO, will move into the CFO role when current CFO Jonathan Sinclair moves to president, APAC region, both effective April 1, 2024.
U.S. Consumer Confidence Drops for Third Consecutive Month
The Conference Board said its consumer confidence index fell to 102.6 in October from an upwardly revised 104.3 in September. Economists polled by Reuters had forecast the index slipping to 100.0 from the previously reported 103.0
Garmin Lifts Outlook On Q3 Beat
Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent.
Canada Goose Slashes Outlook On Spending Slowdown
Canada Goose reported earnings topped guidance in the fiscal second quarter ended October 1, but slashed its outlook for the fiscal year as sales slowed “noticeably” in September. The company said, “Increasingly challenging global macro-economic and geopolitical environments that have impacted consumer decision-making and prioritization of spend.”
Big 5 Sporting Goods Sees Q3 Profits Miss Plan, Warns on Weak Holiday Quarter
Big 5 Sporting Goods Corp. reported earnings were slightly below guidance in the second quarter ended October 1 as same-store sales dropped 8.2 percent on weak discretionary spending. The California-based chain further predicted same-store sales in the fourth quarter will decline in the high single-digit to low double-digit range.
