SGB Update Sportsmans
NRF’s Chief Economist Believes 2024 Ended on a High Note
Jack Kleinhenz’s comments came in the January edition of the NRF’s Monthly Economic Review, in which he reported that the 2024 gross domestic product was on track to grow 2.7 percent over 2023, based on results for the first 11 months of the year.
Sitka Gear Opens Eighth U.S. Storefront
Sitka Gear has opened a new brand store in Columbus, OH, carrying its technical hunting and outdoor apparel gear. The company will host a grand opening on January 11.
Massimo Group Adds New Illinois Distribution Center to Network
With the addition of this Illinois facility, Massimo Group’s nationwide distribution network now has six points of distribution, including Edison, NJ; City of Industry, CA; Port Wentworth, GA; Houston, TX; Garland, TX; and Edwardsville, IL.
Columbia’s Chief Digital Information Officer Exits
Columbia said it would launch a search for Skip Potter’s replacement. In the interim, EVP and CFO Jim Swanson will oversee the company’s digital technology department.
Report: 2024 Holiday Online Spending Sets New Record; Sporting Goods Up Big
Strong discounts this season also drove consumers to purchase higher-ticket items in categories such as electronics, appliances and sporting goods. The share of units sold for the most expensive goods was up 54 percent in sporting goods.
NSSF: 2024 NICS Background Checks Fall Again to Lowest Level Since 2019
he 2024 level represents the fourth annual sequential decline after peaking during the 2020 election year and falling to a level below the 2016 election year.
Boa and 5.11 Parent Compass Diversified Starts Year with Board Shuffle
Gordon M. Burns will not be standing for re-election at the company’s 2025 annual shareholders meeting due to other commitments. Nancy B. Mahon has been appointed chair of the Board’s Nominating Committee, replacing Mr. Burns.
Report: Holiday Retail Return Rate Jumps 28 Percent as U.S. Sales Reach $282B
Salesforce is reporting that the data in its system shows that holiday retail sales surged to a record $1.2 trillion globally and $282 billion in the United States, but high returns could dampen retailer overall profit margins.
Lazydays Holdings Appoints New Chief Financial Officer
New CFO Jeff Needles is a Certified Public Accountant, holds an MBA from Washington University, and a Bachelor of Science in Business Administration from Saint Louis University, John Cook School of Business.
Camelbak, Bell/Giro Parent Revelyst Completes Sale to Financial Firm
The parent of Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak, Bushnell, Simms Fishing was acquired by SVP in an all-cash transaction based on an enterprise value of $1.125 billion.
Outtech Co-Founder Jay Scholes is Retiring
In 1989, Jay Scholes, with partners Ron Rette and “Rocket” Rod Swanson, founded Outtech with the vision of “revolutionizing sales representation in the outdoor industry.” Scholes is now retiring.
AGM Global Vision Hires New Key Account Manager
Keith Weaver will manage and strengthen the company’s key account relationships, optimize product assortments and promotional strategies and collaborate with the sales team to expand AGM Global’s dealer network.
Suunto Shifts Dive Channel to Direct Distribution Model
The decision to go direct “better aligns with the Suunto Dive business and with the operating model of Suunto’s other business units.”
U.S. Consumer Confidence Shrinks in December Survey; Tariffs Top of Mind
Based on consumers’ short-term outlook for income, business and labor market conditions, the Board’s Expectations Index tumbled 12.6 points to 81.1 for the month, just above the threshold of 80 that usually signals a recession ahead.
First Holiday Sales Wrap Up Sees 3.8 Percent Growth for 2024
Preliminary insights reveal that U.S. retail holiday sales, excluding automotive, increased 3.8 percent year-over-year from November 1 through December 24, exceeding the firm’s September forecast of 3.7 percent growth for the holiday sales period.
