SGB Update Sportsmans
Report: Over 157M Consumers Plan to Shop on Super Saturday, with Almost Half Online
The NRF suggests that with only four days between Super Saturday and December 25, shoppers will likely embrace multiple channels as they wrap up their holiday shopping; however, e-commerce appears to be the top destination with 49 percent of respondents going online.
Rusty Saunders Passes Away After 60 Years in SG Industry
Rusty Saunders had a successful 60-plus-year career in the sporting goods industry, having worked in retail, manufacturing and sales. He was inducted into the NSGA Hall of Fame in 2013. Saunders passed away on December 8 at age 88.
Recall: Stanley Switchback and Trigger Action Travel Mugs
Stanley has received 91 reports worldwide, including 16 in the U.S., of the recalled travel mugs’ lids detaching during use, resulting in 38 burn injuries worldwide, including two burn injuries in the U.S.
Lancer Systems Appoints Familiar Face as LE/MIL Sales Manager
Charles Vlasek returns to the company as LE/MIL sales manager, focused on driving the company’s growth in law enforcement and military partnerships.
Celerant Technologies Appoints Michele Salerno Chief Growth Officer
Celerant Technology promoted Michele Salerno to the newly created position of chief growth officer. Salerno is now responsible for strategic partnership development, market expansion and revenue acceleration to drive sustainable business growth.
Costco Says Consumer is Healthy as it Reports 7.5 Percent Q1 Sales Growth
The commentary surrounding the fiscal 2025 first quarter results for Costco Wholesale Corporation ranged from “mixed” to “beats” to “strong” on Thursday, December 12 after the retail warehouse giant posted its operating results for the twelve weeks ended November 24.
Banshee Brands Appoints Chief Operating Officer
With over two decades of executive leadership and operational expertise, Dave Barrera will lead strategic initiatives to strengthen the company’s foundation and support the continued growth of Retay USA and Breda AG.
Under Armour Celebrates Flagship Brand House Opening at New Baltimore HQ
Under Armour hosted a community event this past weekend to mark the official grand opening of its UA Flagship Brand House at Baltimore Peninsula.
Axil Brands and NASCAR Renew Product License Agreement Through 2027
Axil will produce and sell NASCAR-branded earbuds, earmuffs, hearing devices, ear plugs, and outdoor speakers through NASCAR venues and distribution channels across the U.S., Puerto Rico, and Canada, as well as U.S. military bases worldwide.
Academy Sports and Outdoors Narrows Full Year Outlook as Fiscal Q3 Comes Up Short
The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
Ski-Doo Parent’s Q3 Profits Get Crushed as it Focused on Inventory Reductions
the Canada-based parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, said it continued to focus on reducing network inventory in fiscal Q3 which resulted in reduced revenues versus the prior-year Q3 period.
L.L.Bean Making Additional Staff Cuts in Maine HQ
The retailer will lay off 50 to 75 employees at its corporate headquarters in Maine. These latest cuts equal approximately 2 percent to 3 percent of its Freeport-based staff and are the retailer’s second round this year.
