Pure Fishing, the parent company of well-known fishing brands Berkley, Abu Garcia, Penn, Fenwick, Sterns, Mitchell, Pflueger, Shakespeare, Ugly Stik Spiderwire, among others, has joined Rawlings on the list of businesses Newell Brands is looking to divest.
Author: SGB Media
Aisle Talk Week of April 30
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. CEO Mark Parker (pictured) holding a rare company-wide staff meeting at Nike headquarters to apologize for recent incidents at the company.
Johnson Outdoors’ Fishing Momentum Offsets Watercraft/Camping Doldrums In Q2
On a conference call with analysts, Helen Johnson-Leipold, chairman and CEO, said both Minn Kota and Humminbird in the Fishing segment are being boosted by successful innovations. Growth in the Watercraft and Camping segments, on the other hand, is being restrained by retail bankruptcies and overall consolidation over the last 18 months.
Tenkara USA Names Patrick Stratton CEO
Fly-fishing equipment company Tenkara USA has named industry veteran Patrick Stratton CEO. He will join Daniel Galhardo on the senior management team.
April Retail Jobs Up 3,700 From March
Retail industry employment increased by 3,700 jobs seasonally adjusted in April over March and 48,900 jobs unadjusted year-over-year, the National Retail Federation said Friday.
Pentland Appoints Gianni Georgiades CEO Of Lacoste Footwear
Pentland has appointed Gianni Georgiades as CEO of Lacoste Footwear JV, effective May 8.
Olin Corp Sees Winchester’s Earnings Declining In 2018
Olin Corp reported a sharp decline in earnings at the company’s Winchester segment due to reduced commercial demand and higher-commodity material costs. Olin officials no longer see Winchester’s results improving in 2018, but also assured analysts it has no plans to sell the business.
Crosman And 5.11 Up, Liberty Safe Down For CODI
Compass Diversified Holdings (CODI) reported healthy growth for Crosman and 5.11 in the first quarter but Liberty Safe saw a steep decline.
MSR’s Pioneering Athletes … Choosing The Right Gear For Roads Less Traveled
MSR’s Pioneering Athletes … Choosing The Right Gear For Road’s Less Traveled
Mueller Sports Medicine Names New President
Mueller Sports Medicine appointed industry veteran John Cayer to the position of president. Cayer will report directly to CEO Brett Mueller.
Nike Holds Staff Meeting Over Culture Challenges
On Thursday, Mark Parker, CEO of Nike Inc., held a rare company-wide staff meeting at the company’s headquarters to apologize for allowing a culture where staff members were excluded and workplace complaints of inappropriate behavior were dismissed, according to The Wall Street Journal.
Newell Brands To Divest Pure Fishing
Newell Brands announced the expansion of its Accelerated Transformation Plan, adding Jostens and Pure Fishing to the list of potential divestitures previously announced.
Dorel Sports’ Revenues Slide In Q1
Dorel Industries reported revenues its Dorel Sports segment declined 3.5 percent. Excluding the impact of foreign exchange rates, organic revenue decreased by approximately 6.2 percent.
Johnson Outdoors Q2 Earnings Jump 55 Percent
Johnson Outdoors Inc. reported double-digit increases in sales and earnings driving record-high results during the company’s 2018 second fiscal quarter and first fiscal six months ending March 30, 2018.
VF’s March Quarter Highlighted By Vans’ Explosive Growth
VF reported earnings for the transition quarter ended March 31 rose 20.9 percent on a 21.7 percent revenue gain. Excluding the Williamson-Dickie acquisition, revenues increased 12 percent (up 8 percent currency neutral).
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