Industry Updates

July 27, 2023
Retail Sales Grew Again in June Despite Slower Job Gains
Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation said. “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF President and CEO Matthew Shay said. “Back-to-class spending is one of the most important shopping occasions of the year, and NRF’s consumer research shows that back-to-school and college spending is expected to set new records. Consumers are looking for the best value and deals, and retailers are well stocked with essential items for families and students.” | More Information

Vista Outdoor Appoints CEO of Outdoor Products Segment
Vista Outdoor, Inc. hired Eric Nyman as CEO of the company’s Outdoor Products segment and appointed him as a board member, effective August 21. Most recently, Nyman was president and chief operating officer of Hasbro, Inc. Nyman’s hire comes as Vista plans to spin off its Outdoor Sports segment later this year, which includes Bell, Bushnell, Bushnell Golf, CamelBak, Camp Chef, Foresight Sports, Fox Racing, Giro, QuietKat, Simms Fishing, and Stone Glacier. | More Information 

Industry Updates

July 5, 2023
NRF Says Retail Sales Increased Again in May
Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation said. “Consumers continued to spend on household priorities in May, supported by gains in the job market and wages,” NRF President and CEO Matthew Shay said. “Retailers recognize the ongoing pressure on cost-sensitive consumers and are offering competitive pricing, a wide product mix and convenient shopping options to help stretch family budgets.” | More Information 

Spring U.S. Outdoor Sales Pressured By Footwear and Equipment Weakness
U.S. outdoor industry sales slid 1 percent in dollars (-4 percent in units) in the 12 months through April to total $28 billion, Julia Clark Day, Circana’s executive director of business development, Sports, said in a presentation she gave at the Outdoor Retailer Summer 2023 show. A modest gain in outdoor apparel did not offset declines in footwear and equipment. Among categories, footwear sales were down 5 percent in dollars in the 12 months through April to about $5 billion, while equipment was off 9 percent to about $5 billion in sales. Apparel, the largest category, was up 2 percent in dollars to $16 billion. Accessories, the smallest category, delivered the strongest gain, up 4 percent in dollars, to $1.4 billion. Apparel represented 58 percent of the U.S. outdoor industry’s sales during the 12 months through April; equipment, 19 percent; footwear, 18 percent; and accessories, 5 percent of sales. | More Information 

Industry Updates

June 13, 2023
Toy Association & Clamour Unveil Influencers' Top Toy Picks for
Spring & Summer '23

As the official start of summer kicks off this Memorial Day weekend, the “Best of Spring & Summer 2023 Influencer Choice List,” presented by The Toy Association™ and powered by Clamour, unveiled the hottest toys and games of the season as voted on by top-tier toy and family content creators. Families are invited to shop the list of toys below. “The ‘Best of Spring & Summer 2023 Influencer Choice List’ offers families a trusted selection of top toys, from active outdoor toys and travel-ready games to creative toys that will keep young minds engaged over summer break,” said Kristin Morency Goldman, senior advisor of strategic communications at The Toy Association. “This year’s list highlights a diverse assortment of innovative products that are sure to inspire many hours of fun-filled, skill-building play in the coming months.” | More Information 

U.S. Consumer Confidence Slides to Six-Month Low
U.S. consumer confidence sunk to a six-month low in May as Americans’ assessment of the current state of the labor market and the outlook for business conditions slipped. The Conference Board Consumer Confidence Index fell in May to 102.3 (1985=100), down from an upwardly revised 103.7 in April. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to 148.6 (1985=100) from 151.8 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—decreased slightly to 71.5 (1985=100) from 71.7. The Expectations Index has now remained below 80—the level associated with a recession within the next year—every month since February 2022, with the exception of a brief uptick in December 2022. | More Information 

Industry Updates

May 19, 2023
Imports Expected to Remain Below 2022 Most of This Year 
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. “Consumers are still spending, and retail sales are expected to increase this year, but we’re not seeing the explosive demand we saw the past two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Congestion at the ports has largely gone away as import levels have fallen, but other supply chain challenges remain, ranging from trucker shortages to getting empty containers back to terminals. We were pleased by recent reports of progress related to the West Coast port labor negotiations but will continue to monitor the situation closely until there is a new agreement ratified by both parties.” | More Information

Outdoor Retailer Summer Show Returns with New Floorplan 
Outdoor Retailer reported it changed its floor plan for the upcoming summer show, June 19-21, in Salt Lake City, UT, to be organized by activity. The floor plan works in zones: Camp & Hike, Climb, Lifestyle, Overland & Travel, Retail Services, Run & Cycle, Snow (Winter), Sourcing, and Water (Summer). The Venture Out section will include outdoor brands and advocacy organizations with integrated education spaces. A new area, The Hub, will include The Camp education area, the tent zone, matchmaking, and workspace. OR will launch a new website timed with the show that includes new icons for each activity zone and an “enhanced” exhibitor list to aid attendees with on-site navigation.  | More Information

NRF Says Retail Sales Rose in April as Consumers ‘Remained Engaged’ 
Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in April were up 0.4% from March and up 1.6% year over year. In March, sales were down 0.7% month over month but up 2.4% year over year. | More Information

Industry Updates

May 5, 2023
Ignik Grows Product Line, Launches Tank Accessories
Ignik, a Bainbridge Island-based brand, expanded its product line with new offerings in propane tank accessories. The 20LB Tank Case/Seat and 20LB Tank Tote make transporting and hauling large-scale propane tanks “seamless.” Both tanks are made with 900 denier polyester fabric, rigid corrugated plastic, foam-reinforced base, and Molle webbing, which allows for attachment of other gear, accessories and secure transport. The 20LB Tank Tote is constructed with wrapped webbing handles on each side. Its Case/Seat offers a reinforced lid that doubles as a seat when shut and a removable padded shoulder strap for carry. Both the Tank Tote and Case/Seat propane carrying cases “cradle and protect the tank from impact.” When not used to transport propane, both store extra gear and beverages and could double as a camp trash can. | More Information 

U.S. Consumer Confidence Dips to Lowest Level Since July 
According to the Conference Board, U.S. consumer confidence dropped in April to the lowest since July on more pessimistic views about the economic outlook, even as current conditions improved. The Conference Board’s Consumer Confidence Index, which measures attitudes toward the economy and the job market, fell to 101.3 in April, down from 104 in March, marking the lowest level since July 2022. The Conference Board’s Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased to 151.1 (1985=100) from 148.9 last month. | More Information 

ICAST Brings Global Recreational Fishing Trade to Orlando in July 
Celebrating its 66th year, the International Convention of Allied Sportfishing Trades—better known as ICAST—returns to Orlando, Fla. and the Orange County Convention Center (OCCC) from July 11-14, for the planet’s largest sportfishing trade show. Produced annually by the American Sportfishing Association (ASA), the show is the largest, single event for the recreational fishing trade. “ICAST is the cornerstone of the global sportfishing industry,” said ASA President Glenn Hughes. “ICAST is where connections are made that create business opportunities for our industry. It’s also where most new products make their debut into the fishing marketplace.” ICAST offers more than 12,000 attendees representing dozens of countries the opportunity to see and interact with thousands of products from hundreds of manufacturers displaying colorful lures, clothing and watercraft, glowing marine electronics and multi-hued rods and reels. Tackle manufacturers, retailers, distributors and a host of global media all mingle at this once-a-year event. | More Information 

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