The company will close offices in Petaluma, CA; Overland Park, KS; Eagle, CO; and Madison, MS. Revelyst is consolidating teams across core locations. The staff cuts and office closures will have an estimated $100 million of realized annual cost savings by fiscal year 2027.
Today’s official grand opening of the new Bass Pro Shops Outpost in Niles, OH, includes an “Evening for Conservation.”
The new Retail Monitor partnership reported that total October retail sales, excluding automobiles and gas, were down 0.08 percent from September and up 2.57 percent year-over-year (YoY).
Altra launched the VIA Olympus 2, the second iteration of its max cushion shoe.
The company, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported that Fila brand retail sales posted low-teens positive growth in the third quarter, down from the mid-teens growth from the first half.
Fanatics appointed Gregg Winiarski as chief legal officer for Fanatics Holdings, Inc, responsible for overseeing the full range of legal matters across the global Fanatics business, including Commerce, Collectibles and Betting and Gaming. He played a significant role in the company’s acquisition of Topps.
Stella International Holdings Limited, a developer, manufacturer and retailer of footwear and leather goods, reported that first-quarter revenues decreased 25.8 percent to approximately $284.6 million, compared to revenue of about $383.3 million for the comparable 2022 period.
Strength and personal training platform Tonal, founded in 2015, completed its latest funding round, raising $130 million through existing investors led by L Catterton, Cobalt, Dragoneer, Kindred Ventures, and THVC.
NSSF, The Firearm Industry Trade Association, said it is encouraged by the announcement from Visa and MasterCard that the companies will “pause” plans to implement a special Merchant Category Code (MCC) specific to purchases at firearm retailers with their credit cards.
Thor Industries, Inc. saw consolidated net sales fall 39.4 percent to $2.35 billion in the second quarter of fiscal 2023. North American Towable RV net sales were down 58.2 percent for Q2 while North American Motorized RV net sales decreased 24.4 percent and European RV net sales decreased 10.6 percent for the period.
In cooperation with the U.S. Consumer Product Safety Commission, Klim recalled its backcountry probes due to a severe injury or death risk.
Tractor Supply Company extended President and CEO Hal Lawton’s employment contract and key transitions on its Board of Directors. The Board of Directors elected long-standing member Edna Morris as Chairman of the Board.
GolfTec reported it opened 25 training centers in 2022, including seven new centers in the fourth quarter. GolfTec’s global footprint includes 243 locations worldwide.
— Sponsored Content From Aetrex —
Aetrex, Inc. was named a CES 2023 Innovation Award Honoree for the second year in a row as the company debuts the honorable mention technology—Albert 3DFit and Foot.com Data Portal—at this year’s CES show to be held January 5-8 in Las Vegas.
In observance of the Independence Day holiday, SGB Media will not be publishing the SGB Media newsletters on Friday, July 3, including SGB Morning Update, SGB Executive and SGB Evening Update. We will resume our regular publishing schedule on Monday, July 6.