Velocity Outdoor announced the promotion of Dave Jenner to vice president of product development. Jenner’s recent roll was director of business development.
Author: SGB Media
American Outdoor Brands Acquires LaserLyte
American Outdoor Brands Corp., a provider of firearms and related products, on Tuesday announced that its Electro-Optics Division, Crimson Trace Corp., has completed the acquisition of LaserLyte, a provider of laser training and sighting products for the consumer market. Terms of the deal were not disclosed.
Xponential Fitness Acquires Strides
Xponential Fitness, the owner of boutique fitness brands, has acquired Stride, a boutique running concept. Stride joins seven other brands under the Xponential Fitness umbrella including Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, AKT and YogaSix.
REI To Donate to Help Restore Parks Amid Shutdown
In a blog post, Jerry Stritzke, REI’s CEO, said the company will be giving “at least $250,000” to help with the restoration efforts from the damage caused by the government shutdown and called on others to aid in the restoration efforts.
Fewer Destination Guests, Other Headwinds Taking Toll On Vail Resorts
Good snowfall to start the 2018/19 ski season was a boon for many resorts across the U.S., with plentiful powder and the opening of terrain and lifts often not accessible until January stoking hopes of an epic performance for the industry. All of which made last week’s news from Broomfield, CO-based Vail Resorts Inc. that much more surprising.
JCPenney Announces Executive Leadership Changes
J. C. Penney Co. Inc. on Monday announced a series of leadership actions taking place over the next few months that will assemble a cross-functional executive team that merges the talents and perspectives of new and existing industry leaders to focus on the needs of the value-based consumer and position the company for growth.
Sierra Designs Successfully Settles Intellectual Property Dispute
Sierra Designs has announced the successful resolution of a challenge in German court to their intellectual property, regarding its zipperless sleeping bag, the Backcountry Bed.
Sportsman’s Warehouse Appoints Martha Bejar To Board Of Directors
Sportsman’s Warehouse Holdings Inc. on Monday announced that Martha Bejar has been appointed to the company’s board of directors, effective February 3, 2019. Following her appointment, the board will include eight members.
Big 5 Sporting Goods Same Store Sales Up 1.1 Percent In Q4
Sporting goods retailer Big 5 Sporting Goods Corp. on Monday reported sales results for the fiscal 2018 fourth quarter and full year ended December 30, 2018.
Industrial Revolution Appoints New VP of Sales
Industrial Revolution, the Seattle manufacturer and distributor of essential outdoor accessories, has announced the appointment of Rick Klug as vice president of sales.
CCI Unveils New Logo, Packaging
CCI, the rimfire ammunition manufacturer owned by Vista Outdoor Inc., has announced a new company logo.
Delta Apparel Announces Preliminary First Quarter Results
Delta Apparel Inc. on Monday announced preliminary results for its 2019 fiscal first quarter ended December 29, 2018. The company anticipates overall net sales for the first quarter of its 2019 fiscal year to come in ahead of expectations at approximately $101 million, or about a 12 percent increase from prior year net sales of $90.3 million.
VF Corp. Appoints Laurel Krueger As VP, General Counsel, Kontoor Brands
VF Corp. on Monday announced that Laurel Krueger has been named vice president, General Counsel of Kontoor Brands Inc., the independent, publicly traded company that will result from the previously announced separation of VF’s Jeanswear organization.
Unifi Updates Outlook In Advance of Q2 Earnings Conference Call
Unifi Inc. on Monday announced preliminary financial results for its second fiscal quarter ended December 30, 2018. For Q2, the company expects net sales of approximately $167 million; gross margins of approximately 8.4 percent; operating loss between ($1.5) million and ($0.5) million; loss before income taxes between ($1.5) million and ($0.5) million; and adjusted EBITDA between $4.5 million and $5.5 million.
Shoe Carnival Raises Fiscal Year 2018 Guidance
Shoe Carnival Inc. on Monday updated its sales and earnings guidance for the fiscal year ending February 2, 2019. The company also introduced an outlook for fiscal year 2019.
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