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Scottsdale, AZ – RetailBI, the leading independent provider of analytics and business intelligence for the shooting sports industry, has released the 2024 Q3 Shooting Sports Retail Executive Report. The free quarterly report, informed by sales and inventory data from over 2,000 firearm retailers, uncovers a critical shift in the firearms market.
Driven by long gun sales, the report shows the most significant uptick in quarterly firearm sales has occurred since Q4 of 2023. While year-over-year firearms sales remain down overall, the Executive Report reveals the disparity of the decline is significantly less when comparing Q3 to that of Q2, demonstrating the beginnings of a positive trend and signaling a potential turnaround.
“Our 3rd quarter findings reveal some encouraging indicators at the retail level. The sales data illustrates positive trends in several firearm segments, which may point to a stabilization and potential recovery of the slumping market,” states Kaleb Seymour, VP of Data Analytics at Gearfire.
Firearm manufacturers, distributors, and retailers are invited to access the 2024 Q3 Shooting Sports Retail Executive Report at no cost. Visit the Gearfire RetailBI booth at the NASGW Expo for a free copy and an in-depth discussion of how the data may be customized for your business or download the report online.
Download the Free 2024 Q3 Report Today
For those unable to attend the expo, the highly anticipated RetailBI 2024 Q3 report is available for free download.
Experience RetailBI at NASGW Expo 2024
Attendees of the 2024 NASGW Expo are encouraged to visit the RetailBI booth to learn how the platform utilizes exclusive data to offer actionable insights and strategic advantages. Engage with experts through live demos and personalized consultations designed to showcase how Gearfire’s unique solutions support growth in a dynamic and evolving market.
·Booth #515
·Kansas City Convention Center
·October 15-18, 2024
Seymour continues, “We are excited to provide an opportunity for those in our industry to leverage real-world sales data to improve their forecasting models and better inform future business decisions. I look forward to connecting with manufacturers and wholesalers at the NASGW Expo to show how this unique data can improve the health of businesses across the entire firearm supply chain.”
About RetailBI
RetailBI, powered by Gearfire, is a comprehensive analytics and business intelligence platform built specifically for the shooting sports industry. By leveraging advanced technology and a vast database of retail sales information, RetailBI provides manufacturers, wholesalers, and retailers with the insights they need to effectively strategize and optimize operations. With a commitment to innovation and customer success, RetailBI continues to be a leader in retail intelligence solutions. Visit https://gogearfire.com/solutions/retailbi for more information.