Industry Updates

July 12, 2024

Vista Outdoor Board Reaffirms Commitment to Sell Ammo Business to CSG
Vista Outdoor, Inc.’s Board of Directors issued an open letter dated Wednesday, July 10, to Vista Outdoor shareholders concerning its upcoming Special Meeting of Stockholders on July 23, 2024. The special meeting of Vista Outdoor stockholders will, among other things, vote on a proposal to adopt the merger agreement with CSG, is scheduled to be held virtually on July 23, 2024, at 9:00 a.m. CST. Additional information is available in Vista Outdoor’s proxy statement/prospectus and the supplements filed with the U.S. Securities and Exchange Commission, including the most recent supplement to the proxy statement/prospectus dated June 8, 2024. | More Infromation

Monthly Import Cargo Continues to Rise Despite Supply Chain Challenges 
Monthly inbound cargo volume at the nation’s major container ports is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. Hackett Associates Founder Ben Hackett said the latest numbers come as attacks on shipping in the Red Sea earlier this year have had an impact “beyond earlier expectations” because of lack of sufficient capacity to make up for longer voyages to avoid the region. Political support for higher and broader tariffs on imported goods is expanding. And worries over lack of a new contract with East Coast/Gulf Coast dockworkers is shifting some cargo to West Coast ports. All of those issues drive up prices for shipping and, in turn, consumers. | More Information 

NRF: Consumers Face ‘Critical Moment’ Waiting on Fed
The U.S. consumer faces a “critical moment” waiting to hear what could happen next “as inflation continues to ease and the Federal Reserve decides when it will lower interest rates, according to analysis from National Retail Federation Chief Economist Jack Kleinhenz, in the latest NRF’s Monthly Economic Review for July 2024. | More Information 

Industry Updates

June 17, 2024

Father’s Day Spending to Total $22.4 Billion 
Father’s Day spending is expected to reach $22.4 billion this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This is the second highest figure in the survey’s history and on par with last year’s record of $22.9 billion.  Half of consumers plan to purchase a gift for a father or stepfather, followed by those purchasing gifts for a husband (26%), son (10%), brother (8%), friend (8%) or grandfather (6%). | More Information 

Consumers Remain ‘Willing to Spend’ Even as Growth Slows
Shoppers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending, National Retail Federation Chief Economist Jack Kleinhenz said. Kleinhenz’s comments came in the June issue of NRF’s Monthly Economic Review, which said gross domestic product is still expected to grow about 2.3% over 2023 but that employment is now expected to grow by an average 180,000 jobs a month, about 50,000 higher than expected this spring. Inflation as measured by the Personal Consumption Expenditures Price Index should drop to about 2.2% by the end of the year, close to the Federal Reserve’s target of 2%. | More Information

Nikwax Launches Deodorizing Wash for Wetsuits
 Nikwax, the international leader in technical cleaners and waterproofing products for outdoor gear and apparel, has developed a high-powered deodorizing cleaner and conditioner to help extend the useful life of wetsuits and neoprene items. Offered in a 1-liter bottle, Wetsuit Refresh is now available in the US and Canada. Wetsuits are an investment piece, so caring for them is important to ensure they last as long as possible. Nikwax Wetsuit Refresh deodorizes and removes the build-up of salt, chlorine, body oils, urine, and other grime from wetsuits and neoprene items. In addition to contributing to odor build-up, all these contaminants have the potential to degrade the neoprene, causing it to wear out more quickly. By removing these contaminants, eliminating odors, and keeping neoprene soft and supple, Nikwax Wetsuit Refresh extends the lifetime of treated items. | More Information

ASA’s Fishing Share the Fun Campaign Aims to Spread Joy of Fishing Across Communities
With a mission to amplify the benefits of fishing and its positive impact on individuals and communities, this initiative encourages anglers and companies to share their passion for fishing by spreading the word across social media platforms and sharing tips for getting new folks on the water. At the heart of the campaign lies a simple yet powerful idea: sharing the excitement of fishing multiplies the enjoyment. By leveraging the collective reach of anglers worldwide, Fishing Share the Fun aims to create a ripple effect, inspiring more people to discover, or rediscover, the thrill of casting a line and reeling in unforgettable moments on the water with family and friends. | More Information 


Industry Updates

May 6, 2024

Report: Camping Sentiment Up in 2024 Despite Inflation Concerns
RMS North America released its annual State of the Industry Report, suggesting that camping sentiment is up across the board despite ongoing concerns about inflation. The company, a provider of reservation and property management systems to the outdoor hospitality industry, said in a release that this year’s report examines all adult generations, from Gen Z to Baby Boomers, and offers insight into how each group approaches camping differently. RMS North America conducted independent research on campers ages 18 to 60-plus, collecting data on the differences between generations, but also found similarities. While some thought the pandemic’s camping craze would dwindle, the demand for outdoor travel and recreation remains strong across the board. | More Information 

Consumers Expected to Spend Near-Record $33.5 Billion on Mother’s Day
Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey released by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion. Eighty-four percent of U.S. adults are expected to celebrate the holiday. On average, those celebrating plan to spend $254.04 on Mother’s Day gifts and celebrations, the second highest per-person figure, following last year’s record $274.02 per person. The biggest spenders are expected to be those between the ages of 35 and 44, who are budgeting $345.75. | More Information 

Wiley X Expands Sales Team, Strengthens Commitment to Serving Retail Partners and Customers 
Wiley X, a global leader and pioneer in premium protective eyewear, is excited to announce it has restructured and expanded its sales team to enhance the brand’s relationships and support across retail partners and customers. Completed in unison with its recent brand refresh, Wiley X has expanded its sales team to add more than 100 representatives across the U.S. and has welcomed seasoned industry executive Aaron Quigley as its Senior Vice President of Sales. Quigley joins the brand with over 20 years of experience as a sales executive for companies such as Oakley, Stussy and VonZipper. | More Information 

NSSF Project Childsafe® Program Celebrates 25 Years, Announces $250,000  Fundraising Goal for Firearm Safety
This year marks the 25-year anniversary of Project ChildSafe®, the firearm safety and education program of NSSF®, The Firearm Industry Trade Association. Since its inception, Project ChildSafe has raised awareness about safely handling and securely storing firearms when not in use, along with educating children about firearm safety. As part of recognizing this milestone, NSSF aims to raise $250,000 over the next year to provide more free gun locks and educational materials to gun owners across the country. | More Information

Industry Updates

April 18, 2024
NRF Appears to Promote Two Monthly Sales Trend Reports with Differing Data
“March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” Kleinhenz said. “While sales were mixed, several factors supported retail sales, including an early Easter holiday, slightly larger 2023 tax refunds and stronger payroll growth over the last three months. Nonetheless, the increasing share of consumer spending going to services as prices for services rise remains a stubborn problem because it leaves less household income available to spend on retail goods.” | More Information 

New Courses Announced for the 2024 Range-Retailer Business Expo  
Quality education that will give you actionable insights is at the heart of the NSSF Range-Retailer Business ExpoTM. This mid-year industry event is where firearm retailers and range operators learn specific tactics and strategies to stay on top throughout the year. Ten courses have been added to this year’s schedule FREE to all non-exhibiting RRBE attendees. Whether you’re a startup or have been in business awhile, this knowledge-sharing event is where you will find industry-specific solutions to improve your bottom line. Register now and finish the second half of 2024 strong. | More Information 

Import Cargo to Hit 2 Million Containers for First Time Since Last Fall 
Next month’s inbound cargo volume at the nation’s major container ports is expected to top 2 million units for the first time since last fall as imports grow despite new supply chain challenges, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. “U.S. imports are continuing to increase despite another disruption impacting U.S. ports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As retailers have adjusted to limits on the use of the Panama Canal and the Red Sea, we now face the shutdown of the Port of Baltimore to vessel traffic. While it is not expected to have a national impact, the tragic collapse of the Francis Scott Key Bridge shows the ongoing need for flexibility and resiliency in every company’s supply chain. We are monitoring the situation closely as retailers who are affected adjust their shipping plans to ensure cargo is getting to where it needs to be.” | More Information 

Industry Updates

April 8, 2024

Nite Ize Celebrates 35 Years of Inventing Solutions to Lifes Daily Challenges 
Nite Ize®, a leading manufacturer of solution-based products, today marked its 35th anniversary, celebrating a journey of ingenuity, growth and commitment to ‘Inventing a Better Way’. Led by Founder and CEO Rick Case, Nite Ize has built a trusted reputation for inventing unique products solving life’s everyday problems, including the widely popular Gear Tie® Reusable Rubber Twist Tie™, S-Biner® Dual Carabiner and the Steelie® Magnetic Phone Mount. Innovation is the driving force behind Nite Ize, both in developing and protecting it. | More Information 

NSSF Lauches New Project Child Safe Website 
NSSF®, The Firearm Industry Trade Association, has re-launched, a newly redesigned website with comprehensive educational materials and practical resources for gun owners on how to securely store firearms when not in use to prevent firearm accidents, suicides and thefts. The site has a new, modern look and enhanced site navigation, and will continue to serve as a comprehensive online resource hub for a variety of audiences looking for firearm safety educational materials. | More Information 

IHA: New Format, New Products Fueled Strong Exhibitor, Retailer Participation at Inspired Home Show 2024
The International Housewares Association reported nearly 30,000 home and housewares professionals from more than 120 countries convened at The Inspired Home Show 2024, which concluded its new three-day, two-hall format on March 19 at Chicago’s McCormick Place. The Show featured 1,648 exhibitors from 38 countries, according to IHA. “The 2024 Show built on the success of last year’s Show with total square feet of exhibition space being slightly higher,” said Derek Miller, IHA president and CEO. “The change to the format was very positive, making the Show incredibly efficient — moving between the three primary Expos, now consolidated into two halls rather than three, was very well received by both exhibitors and buyers,” | More Information 

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