Tag Archives: Outdoor

Vista Outdoor Announces Sale of Lewiston Ammunition Plants and Other Operations – bigcountrynewsconnection.com

  1. Vista Outdoor Announces Sale of Lewiston Ammunition Plants and Other Operations bigcountrynewsconnection.com
  2. Vista Outdoor sporting unit to stay in Anoka after $1.9B sale to Czech firm Star Tribune
  3. Czechoslovak Group Acquires Federal, CCI, Hevi-Shot, Remington Ammo & Speer | An Official Journal Of The NRA American Rifleman
  4. Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion Yahoo Finance
  5. Vista Outdoor falls after selling its sporting products business for $1.9B Seeking Alpha
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Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast – Reuters

  1. Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast Reuters
  2. Vista Outdoor falls after selling its sporting products business for $1.9B Seeking Alpha
  3. Vista Outdoor sporting unit to stay in Anoka after $1.9B sale to Czech firm Star Tribune
  4. Czechoslovak Group Acquires Federal, CCI, Hevi-Shot, Remington Ammo & Speer | An Official Journal Of The NRA American Rifleman
  5. Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion Yahoo Finance
  6. View Full Coverage on Google News

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BYU’s Kenneth Rooks wins 3000-meter steeplechase at USA Outdoor Track and Field Championships – Deseret News

  1. BYU’s Kenneth Rooks wins 3000-meter steeplechase at USA Outdoor Track and Field Championships Deseret News
  2. 2023 USATF Outdoor Track & Field Championships Live Updates | Day 3 FloTrack
  3. BYU’s Kenneth Rooks Wins Despite Falling, Krissy Gear Snaps Emma Coburn’s Win Streak in Steeplechase at 2023 USAs LetsRun.com
  4. Mia Brahe-Pedersen qualifies for the women’s 200-meter semifinals at USATF Outdoor Championships OregonLive
  5. KRVN 880 – KRVN 93.1 – KAMI – Ferguson’s Run At Nationals Ends ruralradio.com
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Brahe-Pedersen runs with the sharks, former Olympian Prandini and world-leader Richardson at USATF Outdoor Championships – OregonLive

  1. Brahe-Pedersen runs with the sharks, former Olympian Prandini and world-leader Richardson at USATF Outdoor Championships OregonLive
  2. USATF Outdoor Championships 2023: Five sprinters to watch including Fred Kerley, Sha’Carri Richardson, Erriyon Knighton, Noah Lyles and Aleia Hobbs Olympics
  3. Schedule & Results for 2023 USATF Outdoor Championships LetsRun.com
  4. Mia Brahe-Pedersen qualifies for semifinals, finishes sixth in 1st round of the 100-meter dash at USATF Outdo OregonLive
  5. Mia Brahe-Pedersen Received Encouragement From Sha’Carri Richardson FloTrack
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Who to Watch at the 2023 Toyota USATF Outdoor Championships: Event-By-Event Preview | USA Track & Field – USATF

  1. Who to Watch at the 2023 Toyota USATF Outdoor Championships: Event-By-Event Preview | USA Track & Field USATF
  2. Television and Streaming Information for 2023 Toyota USATF Outdoor Track and Field Championships LetsRun.com
  3. These Teenagers Will Compete Against Seniors At USATF Champs MileSplit
  4. Many with Oregon ties set to compete in the USATF Outdoor Championships starting Thursday at Hayward Field OregonLive
  5. USATF Outdoor Championships 2023: Five sprinters to watch including Fred Kerley, Sha’Carri Richardson, Erriyon Knighton, Noah Lyles and Aleia Hobbs Olympics
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2023 NCAA DI Men’s Outdoor Track & Field Rating Index – Week 1 – U.S. Track & Field and Cross Country Coaches Association

  1. 2023 NCAA DI Men’s Outdoor Track & Field Rating Index – Week 1 U.S. Track & Field and Cross Country Coaches Association
  2. Minnesota Men’s Track and Field Ranked No. 1 for First Time in School History GopherSports.com
  3. Red Raiders check in at No. 7 in week one rankings – Texas Tech Red Raiders TexasTech.com
  4. 2023 NCAA DI Women’s Outdoor Track & Field Rating Index – Week 1 U.S. Track & Field and Cross Country Coaches Association
  5. USTFCCCA Outdoor Rankings – March 27, 2023 – LSU Louisiana State University Athletics
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How much did NC State earn in its contract with the NHL for Stadium Series outdoor game? – Raleigh News & Observer

  1. How much did NC State earn in its contract with the NHL for Stadium Series outdoor game? Raleigh News & Observer
  2. Canes owner Tom Dundon on future outdoor hockey game in Raleigh: ‘I don’t think we’ll have to wait another … 20-plus years’ :: WRALSportsFan.com WRALSportsFan
  3. Stadium Series an ‘unforgettable’ experience for NHL Power Player NHL.com
  4. The NHL’s outdoor game had three winners: the Canes, hockey and the Triangle Raleigh News & Observer
  5. Storm Advisory 2/20/23: NHL Daily News, Links and Roundup Canes Country
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Capitals show off new Stadium Series branded gear in locker room before outdoor practice – Russian Machine Never Breaks

  1. Capitals show off new Stadium Series branded gear in locker room before outdoor practice Russian Machine Never Breaks
  2. Fireworks conclude a day of fun, photos, autographs and music for Carolina Hurricanes fans in downtown Raleigh :: WRALSportsFan.com WRALSportsFan
  3. Praising the Stadium Series, the NHL’s wilder outdoor game ESPN
  4. Canes outdoor game: Parking, traffic info for NHL Stadium Series at Carter-Finley Stadium WRAL News
  5. NHL Stadium Series 2023: Lambeau Field among places the league should go for future outdoor games CBS Sports
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Hong Kong stocks rise 2% after local media report that city is considering dropping outdoor mask rule

Hong Kong mulls dropping outdoor mask rules: Report

Fitch expects home prices in Australia and China to decline in 2023

Fitch Ratings expects home prices in Australia to see a significant drop of between 7% to 10% next year, it said in its latest outlook report.

The agency also predicts that China’s home prices will fall by 1% to 3% next year.

“We expect prices to decline further in 2023 before bottoming out but mortgage performance to only modestly deteriorate, in the face of economic headwinds,” Tracy Wan of Fitch Ratings said in the report.

However, home prices in Japan could buck the trend to rise by 2% to 4% in 2023, the report said. Australia’s prices are forecast to rise in 2024.

– Jihye Lee

Japan’s economy contracted less than expected in third quarter

Japan’s economy saw an annualized quarterly contraction of 0.8% in the third quarter, with the revised gross domestic product reading beating expectations in a Reuters survey for a 1.1% contraction.

The government’s first preliminary estimate released in November was a 1.2% decline.

The nation also reported a 64.1 billion yen ($469.3 million) deficit in its unadjusted current account balance, government data showed. The reading significantly missed estimates for a surplus of 623.4 billion yen in a separate Reuters poll.

– Jihye Lee

Australia’s trade surplus larger than expected in October

Australia’s trade surplus for October came in at 12.2 billion Australian dollars ($8.19 billion), slightly larger than expected, official data showed.

Economists polled by Reuters predicted a print of 12.1 billion Australian dollars, expecting a further drop than reported – after the economy saw a trade surplus of 12.4 billion Australian dollars.

Exports fell 0.9%, and imports declined 0.7%.

— Abigail Ng

Stocks close mostly lower

Stocks closed mostly lower Wednesday, with the S&P 500 slipping 0.19% to close at 3,933.92.

The Dow Jones Industrial Average closed flat, or 1.58 points higher, to finish the session at 33,597.92. The Nasdaq Composite fell 0.51% to end at 10,958.55.

— Samantha Subin

CNBC Pro: Bank of America says these two global chip stocks could rise by 75% on EV car sales

A shortage of semiconductors during a boom in electric-vehicle sales could help raise profits at a handful of chip makers, according to Bank of America.

The Wall Street bank predicted that two chip stocks could see their share prices rise by more than 75% on the back of that trend.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Pending economic data could launch a rally into next year, says Morgan Stanley’s Slimmon

Don’t be surprised if economic data coming out over the next week kicks off a rally into the end of the year and potentially 2023, according to Andrew Slimmon, Morgan Stanley Investment Management’s senior portfolio manager.

The key period of data releases begins Friday with the producer price index, followed by November’s consumer price index and another likely rate hike from the Federal Reserve next week.

“The last time those were released they all led to rallies in the stock market because we had better inflation prints,” he said.

Like many investors, Slimmon expects a downturn ahead, given the inverted yield curve, but does not anticipate the “big earnings collapse,” or downturn, many people are predicting in the first quarter.

This is in part due to the fact that many consumers have beefed up savings in recent years given the proximity of the most recent recession.

“The message of this year is that the economy has proven far more resilient than many people expect and I don’t think next quarter is going to be the end of that,” he said.

— Samantha Subin

CNBC Pro: Is Apple a stock to buy or avoid? Two investors face off

It’s been a tumultuous year for tech companies, as investors flee growth stocks in the face of rising interest rates, and other headwinds.

Apple has held up better amid the tech carnage, although there have been some headwinds.

Two investors faced off on CNBC’s “Street Signs Asia” on Wednesday to make a case for and against buying the stock.

CNBC Pro subscribers can read more here.

— Weizhen Tan

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Best Buy adds beauty gadgets and outdoor furniture to product lineup

Electric bikes. Patio furniture. Beauty gadgets.

Best Buy is adding merchandise that might surprise shoppers who typically think of its stores and website as a place to buy smartphones, laptops and TVs.

The company said Friday it has begun to carry about 100 skin-care devices, including a facial steamer and at-home tool for microdermabrasion, at nearly 300 stores and on its website.

Best Buy is making a broader push into categories such as fitness and furniture as it looks to propel growth beyond the Covid pandemic. The company benefited from early pandemic trends, as people sought computer monitors for home offices, kitchen appliances for more at-home cooking and theater systems or giant TVs to pass the time.

Now, however, the retailer faces a more challenging landscape. It cautioned in March that it expects a same-store sales decline of between 1% and 4% in the coming year after a period of very high demand.

There are already signs of softening electronics sales, as consumers direct dollars toward vacations and social events. Major appliance maker Whirlpool missed on estimates and saw sales drop 8.3% in North America in the most recent quarter versus the year-ago period, the sharpest decline since the pandemic began. Microsoft, which produces Xbox video game consoles, gave a negative outlook for the coming quarter with projected declines in the gaming category.

The NPD Group, a market researcher, projected that revenue from consumer electronics in the U.S. will fall by 5% in 2022, 4% in 2023 and 1% in 2024 — but said total sales will remain higher than pre-pandemic levels. The declines follow a record-setting year for the industry in the U.S. with consumer tech sales hitting almost $127 billion, a 9% jump over the elevated sales in 2020, NPD Group said.

Read more: Surging prices force consumers to ask: Can I live without it?

Some of the new items cater to consumers’ going out and getting social again — such as electric scooters, according to Best Buy’s chief merchandising officer, Jason Bonfig.

The retailer has expanded its merchandise offering in recent years. Best Buy debuted connected fitness products from exercise brands including NordicTrack and Hydrow in summer 2019. It rolled out outdoor grills from Weber and Traeger in June and a line of electric bikes, scooters and mopeds in August. It acquired Yardbird, a direct-to-consumer outdoor furniture company, for an undisclosed sum in November.

Best Buy has also bought health-care companies, including GreatCall, which sell devices and services that help older adults age in their own homes. It is testing services related to new products, too, such as a pilot program to offer repair services for e-transportation products.

Bonfig said in an interview with CNBC that the company has taken cues from customer and employee feedback — and clicks and searches on its website. For instance, he said, some shoppers would ask employees about outdoor furniture when buying a TV or audio equipment for the backyard.

“Our answer in the past has been ‘No, we actually don’t have an assortment of that,'” he said.

Now, with Yardbird, it does. This month, Best Buy added displays at one of its namesake stores and a handful of locations under the Best Buy subsidiary, Pacific Sales Kitchen & Home in Southern California. Customers can also buy outdoor sofas, wicker chairs and more on Best Buy’s website.

This year, the retailer plans to add Yardbird and e-transportation displays to about 90 stores, nearly 10% of its approximately 1,000 U.S. store footprint. More than 250 of its stores currently have fitness equipment and Best Buy plans to add a larger, more premium experience for those products in about 90 stores.

Best Buy does not break out revenue by merchandise category, but emerging areas have been a powerful driver of sales, the company has said. At an investor day in March, Bonfig said most of Best Buy’s over $12 billion in sales growth in the past decade has come from large established products like computing, TV and appliance, but one-third has come from newer groups such as wearables and virtual reality headsets.

Bonfig declined to tell CNBC specific growth numbers, but said the younger categories are resonating. And he said one of the skin-care devices it started to offer, the TheraFace Pro, has been a “breakout hit.” It sells for about $400, with features for cleansing and infrared light therapy. He said the products cater to consumers’ interest in health and wellness.

Michael Baker, an equity research analyst for retail at D.A. Davidson, said adding merchandise groups fits with the company’s history. With the moves, he said Best Buy can stay on the leading edge, expand its total addressable market and capture a larger share of consumers’ disposable income.

His price target for the company is $135, about 46% above where shares are currently trading.

The biggest risk, he said, is Best Buy could buy the merchandise only to see it linger and wind up marked down.

Baker said moderating sales may free up time and allow Best Buy to get creative in how it merchandises and promotes different kinds of items.

“There was such a focus on being able to fulfill demand for work from home, learn from home, play from home type products,” he said. “With those slowing, it gives them a chance to see where they can go from here.”

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