Report: Crocs Brand Acceptance with Pop Culture Continues to Grow
According to the STI: Popstats 2023 dataset, in 2018, there was a gap of more than $6K between the median household income (HHI) in Crocs’ potential market ($81.0K/year) and in its captured market ($74.7K/year). But by 2023, the median HHI of the brand’s potential market ($75.5K) and captured market ($75.9K) had more closely aligned.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Xponential Fitness Narrows Q1 Loss as Revenues Grow in the Low Teens
The company reportedly increased first quarter North America system-wide sales 25 percent to $401.1 million with North America same-store sales growth of 9 percent, cycling growth of 19 percent in the year-ago Q1 period.
Recall: Arctic Cat Snowmobiles
Arctic Cat has received more than 200 reports of clutch failures, including six where clutch fragments hit consumers. Four of those included reports of minor foot and toe injuries.
LIV Golf Appoints Chief Marketing Officer
Adam Harter is expected to lead all marketing activities, including developing the league and team brands, growing the size and engagement of its global fan base, delivering unique and dynamic marketing initiatives for the company and its International Series.
Czechoslovak Group Names CEO of CSG USA
Paul Lemke is responsible for identifying opportunities for growth and innovation and for developing strategic trade relationships with key business segments, including the U.S. Armed Forces, law enforcement and other government agencies.
Kent Outdoors Hires Chief Supply Chain Officer
Dave D’Angelo brings over 25 years of experience in manufacturing, global operations and supply chain optimization to the company.
Superstroke Acquires Lamkin Golf Grips
In its efforts to help all golfers improve their swings, the company offers putter grips with new shapes, sizes, materials, and technologies. Most recently, the company purchased 100-year-old company, Lamkin Grips.
ZeroTech Optics Appoints Lead for International Sales
Before ZeroTech, James Head worked at Lightforce Group, the distributor of Nightforce in Australia, where he “significantly contributed to the expansion and success of the brand’s market reach.”
NSSF: April Adjusted NICS Background Checks Decline 11.2 Percent
For comparison, the unadjusted April 2024 FBI NICS figure of 2,240,434 reflects a 14.4 percent decrease from the unadjusted FBI NICS figure of 2,616,729 in April 2023.
Vista Outdoor Divests RCBS from Revelyst Outdoor Segment
RCBS manufactures ammunition reloading equipment for hunters, competition shooters and sporting enthusiasts. Through this transaction, Revelyst reported that it “found the right home for RCBS with Hodgdon.
Report: Golf Apparel Sales in Specialty Market Fall in Mid-Teens in Q1
The green grass sub-channel, which accounts for the bulk of golf apparel sales, is almost 19 percent down for the first quarter, while off-course specialty stores fell by 6 percent.
Report: Nordstrom Sees Interest from Sycamore Partners in Take Private Effort
Nordstrom, Inc., in its efforts to take the company private, reportedly received interest from buyout equity firm Sycamore Partners, according to early reporting from Reuters, citing “people familiar with the matter.”
Johnson Outdoors Profits Shrink on Mid-Teens Decline in Fiscal Q2 Sales
More than half of Camping’s decline was said to be due to the divestiture of the company’s Military and Commercial Tents (Eureka!) business last year and Diving sales were impacted by geopolitical issues affecting travel to certain regions of the world.
Clarus Sees Q1 U.S. Outdoor Wholesale Growth Offset by Weaker Europe and Distributors
The Black Diamond-dominated Outdoor segment sales were $47.0 million, compared to $52.8 million in the year-ago quarter, due primarily to weakness in European and independent global distributor markets, partially offset by growth in the North American wholesale channel.
