SGB Update Sportsmans
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.
Clarus Corporation Appoints New Board Member
The parent of Black Diamond appointed Mark Besca to the company’s Board of Directors, effective immediately. He was also appointed to the Audit Committee of the company’s Board.
Black Diamond Parent Adds to Adventure Segment, Acquires RockyMounts
The RockyMounts deal is the first acquisition in the Adventure segment since Clarus acquired Tred Outdoors in October 2023. Transaction terms were not disclosed. Cash-on-hand funded the deal.
NRF Chief Economist Sees Strong Q3 Results Boding Well for Holiday Retail Season
Many consumers started shopping earlier because a late Thanksgiving left five fewer shopping days before Christmas than in 2023. Based on data that the National Retail Federation has seen so far, conditions are shaping up for a successful holiday retail season.
NRF Report: 2024 Retail Returns to Total $890 Billion
Improving the returns experience and reducing the return rate are two essential elements for businesses in achieving their 2025 goals.
Lyman Products Hires Director of Sales & Marketing
Tom Ricks joins Lyman with over 25 years of experience in sales and marketing for consumer-facing products and media companies. He most recently held leadership positions at ESPN, where he worked in the ESPN Outdoors and B.A.S.S. business units.
St Croix Rod Promotes Teach and Johnson to Executive Leadership Team
The company promoted Ryan Teach, formerly product and brand manager, to the newly created role of VP of Innovation. Former National Sales Manager Dan Johnston has been appointed director of sales.
Academy Sports and Outdoors Board Approves New Share Repurchase Program
This new share repurchase program totaling $700 million replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter, and is effective as of December 4, 2024, for a period of three years.
Hicks Inc. to Distribute X-Vision Optics
This partnership ensures more retailers and consumers can access X-Vision Optics’ advanced technology while serving the outdoor community.
Duluth Trading Cites Weaker Web Conversion Rates, Slower Store Traffic, in Q3 Miss
The company said it saw growth in its average order value and a double-digit increase in digital traffic, but it was not enough to offset the year-over-year contraction in transactions. Top line trends improved leading into Black Friday week and continued through cyber Monday.
Silencer Central Breaks Ground on New Facility
The 60,000-square-foot facility will house inventory and distribution lines for all Silencer Central products and research and development infrastructure, including an indoor shooting range.
Liberty Ammunition Partners with Odle Sales Nationwide
Odle Sales is a manufacturer’s rep agency with experience in ammunition for the commercial and law enforcement markets. The company has 40 professionals on its team, including law enforcement.
Famous Footwear Parent Cuts Full Year Guidance as Weak YTD Trends Flow into Q4
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands is the latest retailer to reduce its full-year guidance as sales and earnings came in under expectations.
Salesforce: Global Online Sales Reach All-Time High of $315B During Cyber Week
The company said data analyzed for the Cyber Week period revealed a record $314.9 billion in global online sales, with U.S. consumers contributing $76 billion of the total number.
