Winnebago Industries’ Q1 Revenues Fall 18 Percent
Winnebago Industries, Inc. reported sales slid 17.6 percent in the first quarter ended November 26 as a steep decline in Towable segment offset growth in Motorhome and Marine segments. Results were still easily ahead of analyst expectations.
New Balance To Expand Operations At Skowhegan Plant
New Balance announced plans to invest $65 million in construction and capital equipment to double its production capacity to one million pairs of shoes at its factory in Skowhegan, ME.
November Retail Sales Dip 0.6 Percent
U.S. retail sales fell 0.6 percent in November from October but were up 6.5 percent year-over-year, the Department of Commerce reported. That compares with increases of 1.3 percent month over month and 8.3 percent year-over-year in October, which got a boost from earlier-than-usual holiday shopping driven by concerns that inflation would continue to increase prices.
Fleet Feet Plans To Open A Second Store In Pittsburgh
Fleet Feet is planning to open a second store in Pittsburgh in the near future. Look for more news next week on details once the store is open.
HLC Expands Sales Rep Coverage
HLC, the U.S. sales agent for Marin Bikes, hired seven outside market development reps to support its brands, IBDs and the cycling community.
Shoe Carnival Launches Share Buyback Program
Shoe Carnival, Inc.’s Board of Directors authorized a share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2023.
PlayOn! Sports Names President And COO
PlayOn! Sports hired former Turner Sports COO Matt Hong as president and chief operating officer. In this newly created role, Hong will oversee day-to-day operations.
Rally House To Open Store In Iowa
Rally House plans to open a store in Ames, IA, home of the Iowa State Cyclones.
Genefit Adds To Sales Team
Genefit, a subsidiary of 3X4 Genetics, hired Daniel Guzman as head of enterprise sales and Tom Jobe as an enterprise sales lead.
Golftec Opens Location Outside Of Dallas
Golftec opened an instruction and club fitting center in Allen, TX. The 2,743-square-foot space at 977 TX-121 features five indoor bays powered by TecSwing using launch monitors from Foresight Sports for lessons, club fittings and practice.
Backpacker’s Pantry Hires Director Of Sales
Backpacker’s Pantry, owned by American Outdoor Products, hired Derek Hancock as director of sales.
Ammo, Inc. Hires Chief Operating Officer And President
Ammo, Inc., the owner of GunBroker.com, hired Jared Smith as chief operating officer and president, effective January 3, 2023. Smith, most recently, worked as the general manager for Fiocchi of America.
Bentonville Becomes Headquarters For U.S. National Mountain Bike Team
USA Cycling reported that Bentonville, AR, was selected as the official training site for the U.S. National Mountain Biking Team.
Topgolf Makes Promotions To Leadership Team
Topgolf, owned by Topgolf Callaway Brands Corp., promoted several employees on its executive team.
Fenix Outdoor’s Q3 Sales Expand 13 Percent
Fenix Outdoor International reported sales climbed 13.4 percent in the third quarter.
