SGB Update Sportsmans
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
A 16.2 percent overall Q4 sales decline was said to be due, in part, from a lack of significant new product launches in the fourth quarter when compared to the prior-year quarter. Full year Wholesale sales grew 45 percent, while DTC sales fell 15 percent.
Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.
Under Armour Shakes Up C-Suite as Plank Assumes CEO Role, Gives Up Board Chair
Under Armour, Inc. Founder Kevin Plank will become president & CEO of the company, effective April 1, 2024. Plank will succeed Stephanie Linnartz, who will be stepping down as president & CEO and member of the Board of Directors.
CNBC/NRF: February Retail Sales Continued Growth Trend, Boosted by Leap Day
Accounting for the extra day in February, total adjusted retail sales MoM softened from an increase of 1.06 percent to an increase of 0.4 percent. Core retail sales also softened from an increase of 0.95 percent to an increase of 0.27 percent.
Tethrd Welcomes New CEO
The U.S. manufacturer of ultralight elevated hunting gear, Tethrd, appointed Dan Chumbler as CEO, effective February 26.
Nosler Announces Promotions; Re-Aligns Marketing Division
Nosler, Inc., the U.S. ammunition manufacturer, promoted Mason Payer, John Nason, and Madi Woodward as it re-aligns its marketing division for continued growth and brand development.
North Point Brands Adds RepYourWater to Brand Portfolio
The husband-and-wife co-founders of RepYourWater, Garrison and Corinne Doctor, will bring their talents to all sectors of North Point Brands.
First Lite Welcomes New VP, Head of Product
Grundéns and Simms alumnus, Curtis Graves joins First Lite as VP, head of product for the hunting apparel brand First Lite.
NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
Bass Pro Shops to Open New Store in Pittsburgh
Bass Pro Shop’s newest 100,0000-square-foot two-level Outdoor World retail store, part of the Newbury Market, is the company’s third in Pennsylvania and the first in Western Pennsylvania.
Traeger Saw Upside in Q4 in a Tough 2023 but Sees Softness Ahead
Despite a declining overall full year business, Grills and Accessories revenues each grew more than 20 percent in Q4, while Consumables revenues were flattish. The company sees continued softness in grill industry demand in 2024.
American Outdoor Brands Sees Flat Net Loss as Fiscal Q3 Sales Grow 5.0 Percent
Traditional channel net sales increased 8.1 percent year-over-year (YoY) to $28.5 million while e-commerce net sales increased 1.6 percent YoY to $24.9 million for the fiscal third quarter ended January 31.
Overstock Parent Acquires Zulily Assets; Plans Site Re-launch Before Summer
Zulily’s new website will be fully functional by the end of the second quarter and contribute to Beyond’s 24-month revenue goal without adding incremental fixed expenses. Overstock is scheduled to relaunch later this month.
Duluth Holdings Gets Q4 Lift from DD Growth in Women’s and Mobile Sales
Mobile net sales grew 20.0 percent in Q4 and now represents the largest sales channel. Women’s apparel net sales increased 12.4 percent YoY, with double-digit growth across both Duluth and AKHG brands. Men’s apparel net sales were flat.
Locally Closes Series A Round of Financing to Fuel Growth
Locally said it will use the funding from Corbel Capital Partners and Valency Capital to grow its team, expand into adjacent industries and raise its visibility with consumers, brands and retailers.
