SGB Update Sportsmans
Adobe: Holiday Spending Drives E-Commerce Sales Ahead 8.2 Percent in October
Enticed by early holiday deals, U.S. consumers spent $88.7 billion online in October, up 8.2 percent year-over-year, according to Adobe’s latest Analytics e-commerce data for the month. Mobile drove the majority of online spend with a 51.4 percent share ($45.6 billion, up 11.6 percent year-over-year) compared to desktop shopping.
October Retail Sales Show Growth Ahead of Holidays
Total retail sales, excluding automobile dealers and gas stations, were up 0.6 percent seasonally adjusted month over month and up 5 percent unadjusted year-over-year in October, recovering from a decline in September, according to the CNBC/NRF Retail Monitor.
Saltwater Fishing Brands Combine Under New Entity
A group of investors led by Big Rock Sports Chairman Adrian Holler and Crystal Ridge Partners’ Jack Baron has formed Open Water Brands, a limited liability company that combines several saltwater fishing brands, including brands such as Clarkspoon, Sea Striker, Star Rods, Got-Cha, Calcutta, Billfisher, Krok, Beach Runner, Contour, and Nungesser.
Outdoor Holding Co. Returns to Profitability
The owner of GunBroker.com, the online marketplace, reported a profit against a loss in the fiscal second quarter ended September 30, due to lower expenses. Revenues were flat in the period.
Circana: Earlier Holiday Shopping Set to Make Comeback
Promotions will have a greater influence on holiday shopping this year, with 37 percent of surveyed respondents noting that they will buy more items on sale or promotion to save money.
NRF: Imports Expected to Slow Down in November and December
Amid ongoing tariff uncertainties and most holiday goods already in stores or warehouses, import cargo volume at major U.S. container ports is expected to slow as usual in November and December, according to the Global Port Tracker report by the National Retail Federation (NRF) and Hackett Associates.
NRF Sees Holiday Growth Between 3.7 percent and 4.2 Percent
The National Retail Federation released its annual holiday forecast, anticipating retail sales in November and December will grow between 3.7 percent and 4.2 percent over 2024. That translates to a total spending range of between $1.01 trillion and $1.02 trillion. By comparison, last year’s holiday sales rose 4.3 percent.
MasterCraft Boat Holdings’ Q1 Tops Guidance on Cleaner Dealer Inventory Levels
MasterCraft Boat Holdings Inc. reported earnings on an adjusted basis more than doubled in the fiscal first quarter ended September 28, thanks to a 5.6 percent revenue gain and cost-containment efforts. Brad Nelson, CEO, said, “Dealer inventories across our brands have returned to normal levels, supported by disciplined production planning and proactive pipeline management.
Under Armour’s Q2 Profits Tumble on Soft Sales, Tariff Impact
Under Armour reported adjusted profits in the fiscal second quarter ended September 30 plunged 88.3 percent due to a 5 percent revenue decline and the impact of tariffs. Results exceeded guidance, and Under Armour stated that its North America business is showing signs of stabilization.
Sturm, Ruger Q3 Profits Tumble on Restructuring Activities
Sturm, Ruger & Company, Inc. reported a loss of $2.1 million on a pre-tax basis in the third quarter, primarily due to $1.9 million in acquisition and operating costs at the new Hebron, KY facility acquired in July, increased costs associated with materials and technology and higher promotional expenses.
Traeger, Inc. Posts Much Wider Q3 Loss Despite Sales Increases; Exits DTC Business
Phase 2 key initiatives include discontinuing the Costco roadshow program, redirecting Traeger.com consumers to retail partners’ websites and exit from the Traeger DTC business, transitioning to a distributor model in European markets that currently operate under a direct model, and pellet mill consolidation.
Leatherman Joins Circular Movement with Leatherman Exchange
Leatherman Exchange, a peer-to-peer re-commerce marketplace for buying and selling used Leatherman products, is “the first major multi-tool or knife brand to join the circular economy movement.”
Artie Starrs Makes Conference Call Debut with Harley-Davidson as Q3 Sales Jump 17 Percent
The former Topgolf CEO, who joined the company as president and CEO in October, reported revenues grew 17 percent in the third quarter. Earnings increased significantly due to a July deal to monetize part of the Harley-Davidson Financial Services segment.
U.S. Manufacturing Economic Activity Contracts for Eighth Straight Month in October
The latest ISM Manufacturing PMI Report indicates that Textile Mills and Apparel, as well as Leather & Allied Products, were the top two sectors experiencing contraction in October
Sun Outdoors Adds RV Resorts and Campgrounds to HipCamp App
The deal will bring 100 Sun Outdoors parks, including over 20 Jellystone Parks, to the Hipcamp app, providing consumers with access to a range of U.S. camping experiences. Last year, Hipcamp acquired BookOutdoors, an online travel booking platform for campgrounds, RV parks, cabins, and glamping resorts.
