SGB Update Sportsmans
Big 5 to Continue Closing Stores as Weak Q4 Sales Trends Drift into Q1
Same-store sales decreased 6.1 percent for the fourth quarter of fiscal 2024. For the fiscal 2025 first quarter, the company expects same-store sales to be down in the mid- to high-single-digit range compared to the fiscal 2024 first quarter.
RVIA: Manufacturers Survey Finds Strong Double-Digit Towable Shipments in January
The RV Industry Association reported in its January 2025 Survey of Manufacturers that total RV shipments ended the month with 27,629 units, an increase of 21.9 percent compared to the 22,674 units shipped in January 2024.
New Helly Hansen Parent Kontoor Brands Gets Nice DTC Lift to Post Solid Q4
The denim brand spin-off from VF Corporation, primarily comprised of the Wrangler and Lee brands, posted revenue of $699 million in the 2024 fourth quarter, a 4 percent increase in reported terms or a 5 percent on constant currency.
MidwayUSA Foundation Names New Board President
Jon Zinnel will serve as president and replace longstanding president and former Executive Director Dick Leeper. Nancy Bacon will serve as Vice President. Zinnel has served on the Foundation’s Board since 2021, Bacon since 2022.
Scheels to Open Third Store in Wisconsin in 2027
Wauwatosa Scheels will employ 500-plus store associates, the majority of whom will be employee owners hired locally. The store will be the company’s 36th location. A 35th store will open in Fall 2026 in Cedar Park, TX.
Walmart Gets Strong Q4 Lift from U.S. and Global E-Commerce Gains
Globally, e-commerce grew 16 percent with penetration up across all segments. Walmart U.S. comp sales up 4.6 percent with positive growth in general merchandise.
Ammo, Inc. Announces Preferred Stock Dividend
Holders of record of the company’s 8.75 percent Series A Cumulative Redeemable Perpetual Preferred Stock as of the close of business on March 1, 2025, will receive a cash dividend equal to $0.546875 per Series A Preferred Stock share, paid on March 17, 2025.
Wiley X Strengthens Sales Leadership with Key Hires
The new hires include Seth Quackenbush as director of sales for the Outdoor Division, Jack Schindler as national sales Manager for the Outdoor Division and Johnathan Weikum as director of sales for the Optical Division.
Play it Again Sports Parent Sees Revenues and Profits Dip in 2024
Winmark Corporation reported that revenues for the year ended December 28, 2024, were $81.3 million, down from $83.2 million in 2023, impacting its decision in May 2021 to run off its leasing portfolio.
TSG Consumer Partners Appoints New Head of London Office
TSG’s past and present investments in the active lifestyle space include Backcountry, Corepower Yoga, Nuun, Revolve, Canyon Bicycles, and Planet Fitness. TSG has investment offices in San Francisco, New York and London.
Camping World Holdings Gets Borrowing Capacity Bump to $2.15B
The company’s RV Inventory Floor Plan Facility provides additional financial and operational flexibility for its growth strategy by increasing the committed borrowing capacity by $300 million to an aggregate amount of $2.15 billion.
Liberty Safe Hires Chief Revenue Officer
McKay brings extensive experience in sales, marketing, and product development, having recently served as senior vice president of sales and marketing at American Security Products.
Solo Brands Appoints Interim CEO as Chris Metz Departs
John Larson, a member of the company’s Board of Directors, has been appointed interim president and chief executive officer, effective immediately. Larson succeeds Chris Metz who is stepping down.
Report: Camping Reservation Cancellations and No-Shows Decreased in 2024
Still, the percentage of campers who canceled two-plus days ahead of time in 2024 was 25.8 percent, a decrease of 3.3 percent from 2023. Only 6.9 percent of campers canceled with less than two days’ notice in 2024, a decrease of 3.8 percent from 2023.
NSSF Elects Two to NSSF Board of Governors
The National Shooting Sports Foundation (NSSF), has elected industry executive Thomas DeBolt and firearms business owner Jacquelyn Clark to the NSSF Board of Governors.
