Clarus Sees Big Potential for Rhino-Rack
Clarus does not fear a recessionary environment for its “super fan” brands strategy and laid out the path for Rhino-Rack to grow its current sub-2% US market share at the William Blair investor conference. Despite the market headwinds, the company does not see the outdoorism spike facing a meaningful slowdown, citing three-figure store expansion plans from REI, Dick’s and Public Lands, and Academy Sports and Big 5. This expansion is being met with a shift towards higher-ATV outdoor products by major retailers. CLAR’s Precision Sports segment, made up of Sierra and Barnes bullets and ammo, is projected at $112-$115 million ... Log in to view full article.