Walmart, the world largest retailer, has reported an increase in sales of ‘unlikely items’ like fishing rods in the second quarter of its financial year.
Walmart, the world’s biggest retailer and a prized outlet among fishing tackle brands, made special mention of fishing tackle sales as it revealed an impressive profit jump for the latest financial quarter.
The chain posted net income of $6.5 billion, up almost 80% from the same period last year. A 97% surge in the company’s US e-commerce sales helped hike total revenues by 5.6% to $137.7 billion.
Shifting consumer behaviours and social distancing protocols have led to a supply crunch for ‘sometime unlikely items’ such as fishing rods, says the company.
“I looked at the fishing store this week and we’re still really light, just basic terminal tackle, hooks, bobbers and stuff like that,” said Doug McMillon, Chief Executive of the retail powerhouse when he delivered Q2 earnings.
Walmart estimates there are 35 million Americans who fish, up from 25 million before the pandemic. Those are conservative figures compared to those quoted by the American Sportfishing Association (ASA), but may vary according to measures like frequency.
The company reported that consumers are making fewer trips to stores, but are spending more. However, it did not provide a full-year profit target because the outlook remained clouded by the unpredictable course of COVID-19 and whether Congress would enact another round of fiscal stimulus.
Angling International – By Anthony
Canadian Tire Corporation announced a 9.3% increase in second quarter sales despite many of its stores being closed or working under restrictions.
Canada’s leading supplier of fishing tackle has reported sales growth of 9.3% in the second quarter of its financial year, despite 80% of its stores operating under closures and restrictions for much of the period.
Canadian Tire Corporation (CTC) also reported that its digital and e-commerce business across all banners reached CN$600m in the quarter – far exceeding its full-year digital sales in 2019.
“This quarter we drove extraordinary retail sales growth, particularly at our core CTC brand, further reinforcing the relevancy of our unique multi-category assortment to our customers,” said Greg Hicks, the group’s President and CEO.
“With a significant percentage of our store network closed for much of the quarter, customers turned to our online platforms and we saw e-commerce sales surge across all brands – CTC, SportChek, Helly Hansen and Sports Expert – by 400%. Our strong results in CTR – Click Through Rate – clearly demonstrates the advantage of our dealer model and durability to quickly adapt to the local market and customer needs.
“We continue to fulfil our deep-rooted purpose of being there for life in Canada, no matter what life may look like. I am incredibly proud of the contribution of our dedicated frontline store, distribution centre and contact centre employees as well as our associate dealers, who place the customer at the heart of everything we do,” added Hicks.
Excluding petroleum, consolidated retail sales were up CN$346 – 9.3% compared to the same period last year.
The International Game Fish Association has been forced to postpone its Hall of Fame Induction ceremony this year because of the COVID-19 pandemic.
The world’s most widely recognised authority on game fish and angling-related matters has postponed one of the most important events on its calendar due to the COVID-19 crisis.
The International Game Fish Association (IGFA) has postponed its Fishing Hall of Fame Induction ceremony, which was due to take place at the Wonders of Wildlife National Aquarium and Museum on Saturday, September 12th this year. It has been rescheduled for 2021.
“It is very unfortunate that we are unable to celebrate the Class of 2020 as planned this year,” said IGFA President Jason Schratwieser. “However, the health and safety of the inductees, their guests and staff members of the IGFA and the Wonders of Wildlife is the utmost priority. We look forward to giving the inductees the calibre of celebration and recognition they deserve next year.”
The 2020 Class of the IGFA Fishing Hall of Fame includes pelagic game fish researcher Dr Barbara Block, famed billfish angler and conservationist Jose Campos, marine conservationist Ken Hinman, legendary Australian angler Patrick Gay and fly fisher extraordinaire Dave Whitlock.
Bass Pro Shops and Cabela’s is rewarding its employees with bonuses for their efforts during the COVID-19 pandemic.
Staff at two of North America’s most iconic fishing and hunting chains have been rewarded with bonus payments for their efforts during the COVID-19 pandemic.
The owner of Bass Pro Shops and Cabela’s says that it is making payments ranging from $250 to $1,000 to hourly-paid workers in its retail, distribution centres and manufacturing plants to ‘reward its outfitters and team members for their efforts’.
The company has also announced that it is raising nationwide starting wages in its distribution centres.
“It is difficult to put into words how deeply proud we are of all our dedicated team members who have worked tirelessly on the front lines throughout this pandemic, showing up every day to take care of our customers,” said Johnny Morris, founder of Bass Pro Shops and White River Marine Group.
“They have done an absolutely remarkable job to help our customers get back to nature safely and responsibly by serving them in our stores, fulfilling orders in our distribution centers and building the very best boats and kayaks.
“We are very proud to reward our front-line team members with these well-deserved bonuses for all their efforts in these challenging times,” Morris added.
The company is currently hiring more than 5,000 employees.
Angling International – Anthony
Ontario Takes Steps to Better Protect Lakes, Rivers and Fisheries
Province releases final bait management strategy after extensive consultation
TORONTO – The Ontario government released its final bait management strategy to protect the province’s lakes and rivers from the threat of invasive species and fish diseases. As part of this new strategy, the government will be establishing four bait management zones to limit the movement of live bait across the province.
“It is critically important to protect and preserve our lakes and rivers for people to enjoy for generations to come,” said Mike Harris, Parliamentary Assistant to the Minister of Natural Resources and Forestry. “This new strategy will go a long way towards reducing the risk of spreading aquatic invasive species and fish diseases that pose a serious threat to our fisheries and biodiversity. This initiative will also help us increase business certainty for the commercial industry that relies on bait.”
Live bait that is harvested in one area of the province is often shipped, sold, and later used in another region. If unused bait is not disposed of properly, invasive and other illegal bait species that may be mistakenly mixed in with the bait, or fish infected with disease, have the potential to establish new populations or infect other fish in the new waterbody.
To prevent the spread of invasive species and fish diseases through the movement of live bait, four bait management zones will be established across the province. This will limit the movement of most bait to the same bait management zone where it was harvested. Individual anglers who wish to use live bait outside of their own bait management zone will be required to purchase bait from a licensed commercial bait operator in the zone where they will be fishing.
“Our government is committed to protecting the province’s lakes and rivers while ensuring the baitfish industry can continue to thrive,” said John Yakabuski, Minister of Natural Resources and Forestry. “We will continue to work with industry and key stakeholders to implement the bait management policy to ensure a smooth transition.”
The final Sustainable Bait Management Strategy, posted on the Environmental Registry of Ontario, is a result of extensive engagement with bait operators, stakeholder groups, the public, and Indigenous communities. They provided input on key elements related to the use and movement of bait, the type of bait allowed, and administrative improvements.
Ontario’s bait industry is estimated to be worth $23 million per year.
In 2020-2021, Ontario is investing over $2 million to support ongoing research, monitoring, and management of invasive species across the province.
Ontario is the only jurisdiction in Canada that has standalone invasive species legislation. The Invasive Species Act provides legislative tools to prohibit and restrict certain invasive species and carriers that facilitate the movement of invasive species.
Protecting our environment from invasive species by working with partners and other governments and using tools to prevent, detect and respond to invasions is a commitment under the Made-in-Ontario Environment Plan.
Anglers spend more than $1.6 billion annually in Ontario and support jobs in many rural and northern communities that depend on recreational fishing.
The use of bait is one route for the potential spread of fish-based diseases (e.g., viral hemorrhagic septicemia [VHS]) and invasive species (e.g., round goby) across Ontario.
July 21, 2020 Ministry of Natural Resources and Forestry