Tyler LaMotte returns to Patagonia as marketing director for Europe, the Middle East and Africa (EMEA).
Category: Outdoor
Icebreaker Names General Manager EMEA
Icebreaker, the performance apparel brand owned by VF Corp., has promoted Josh Vaughan, its current sales director for Europe, the Middle East and Africa, to EMEA general manager.
Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness
Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.
Under Armour Sees 3 Percent Growth In March Quarter
Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.
GoPro’s Sales Climb 6 Percent In The First Quarter
GoPro Inc. reported a profit against a loss in the first quarter as sales grew 6 percent. GoPro subscribers jumped 85 percent year-over-year to 1.74 million.
United Sports Brands Acquires Pearl Izumi
United Sports Brands announced that it has acquired Pearl Izumi USA, the manufacturer of cycling apparel and accessories. Pearl Izumi will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands.
Leadership Succession At Chattanooga Shooting Supplies
Ron Staffieri, CEO of Chattanooga Shooting Supplies (CSSI), will retire on December 31, 2022. As part of a succession plan, Bill Sumner has been appointed president effective June 30, 2022, at which time he will assume leadership responsibility for the company’s daily operations.
Newell Brands Appoints President And CFO
Newell Brands Inc. announced that Chris Peterson, chief financial officer and president, Business Operations, has been named president and chief financial officer.
Compass Diversified Sees 25 Percent Revenue Growth In Q1
Compass Diversified Holdings (CODI) reported earnings from continuing operations rose 41 percent as sales gained 25 percent. The parent of a number of businesses in the active lifestyle space raised its earnings guidance for the year.
Fox Factory Sees 34 Percent Growth In Q1
Fox Factory Holding Corp. reported earnings on an adjusted basis grew 44.5 percent in the first quarter ended April 1 on a 34.4 percent revenue gain.
Vista Outdoor’s Q4 Profits Double On 36 Percent Revenue Gain
Vista Outdoor reported earnings on an adjusted basis doubled in the fiscal fourth quarter ended March 31 as sales grew 36 percent. Sales grew 56 percent in the Sporting Products segment due to strong demand, increased volume from the Remington acquisition and favorable pricing and mix. Outdoor Products segment sales grew 15 percent, by double-digit growth across Outdoor Recreation.
Vista To Split Into Separate Outdoor And Sporting Companies
Vista Outdoor, Inc. announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. Following separation, Chris Metz will be appointed CEO of Outdoor Products while Jason Vanderbrink will be appointed CEO of Sporting Products.
Sturm, Ruger’s Q1 Sales Drop 10 Percent
Sturm, Ruger & Company Inc. reported earnings declined 20.8 percent in the first quarter as sales were down 9.7 percent. The decline was attributed to decreased consumer demand for firearms from the “unprecedented levels of the surge that began in 2020 and remained for most of 2021.”
Veteran Sales Agencies Form Sierra Outdoor Collective
Level8Sales merged its sales rep agency with Pacific Crest Trading and Endless Adventure Sales to form the Sierra Outdoor Collective serving the Southwest region.
Carhartt Opens First Retail Store In Nashville
Carhartt has opened a retail storefront located at 5019 Broadway Place, Space A-1075 in Nashville, TN. The 4,000-square-foot space features Carhartt-branded products for men, women and kids, including footwear and accessories.
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