Profits at Sportsman’s Warehouse Holdings Inc. declined 34.3 percent on an adjusted basis in the fourth quarter ended January 29 as sales declined 5 percent.
Category: Outdoor
Wicked North Acquires Big 8 Products
Hunting manufacturer and lifestyle brand Wicked North Gear (dba Wicked North) announced it completed the acquisition of DIY taxidermy manufacturer, Big 8 Products.
Academy Sports’ Q4 Comps Expand 13 Percent
Academy Sports + Outdoors reported comparable stores jumped 13.1 percent in the fourth quarter and 18.9 percent in the year ended January 29. Adjusted earnings in the quarter grew 40.9 percent, exceeding Wall Street targets. Academy predicted sales in the current year would decline 1.6 percent at the mid-point of its range but be up 38.0 percent versus the pre-pandemic 2019 period.
Solo Brands Sees Sales Surge In Fourth Quarter
Solo Brands, Inc. reported sale surged 164 percent in the fourth quater and 202.6 percent in the year.
Thor Industries Makes Change To Global Innovation Leadership
Thor Industries, Inc. has hired McKay Featherstone, currently Airstream’s vice president of product development and engineering, as its senior vice president of global innovation, effective May 1, 2022.
Vail Resorts To Acquire Majority Stake In And Operate Andermatt-Sedrun Sport
Vail Resorts, Inc. announced that it has entered into an agreement to purchase a majority stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG (ASA), marking the company’s first investment in, and opportunity to operate, a ski resort in Europe.
ALPS Brands Partners With Everest.com
Everest.com, the outdoor marketplace, announced it is partnering with ALPS Brands. Everest.com will house four storefronts on its site—ALPS OutdoorZ, ALPS Mountaineering, Cedar Ridge, and Browning Camping & Hunting Blinds.
The Pro’s Closet Adds Two Leadership Hires
The Pro’s Closet, the online seller of used bikes, announced that Kaitlin Cameron has joined the company as its new chief marketing officer and Paul Calandrella as its vice president of strategic initiatives.
Vista Outdoor’s Debt Ratings Upgraded
S&P Global Ratings upgraded Vista Outdoor Inc.’s debt ratings. The rating agency said Vista Outdoor’s operating performance through December 2021 was stronger than originally projected due to robust demand for its ammunition business and favorable trends for outdoor products.
Dyrt Report: New Campers Are Increasingly More Diverse
The Dyrt, an app for camping, found that 40 percent of the people who went camping for the first time in 2021 identified as Black, Indigenous, and People of Color, up from just 23 percent in 2018.
Rossignol Group Announces Strong Rebound Year For 2021/22
Following a challenging 2020/21 winter season, the Rossignol Group reported it recorded a strong rebound for winter 2022 with 28 percent growth across its brand portfolio.
U.S. Reinstates 352 Product Exclusions From China Tariffs
The U.S. Trade Representative’s office (USTR) has reinstated 352 of the 549 eligible exemptions from U.S. “Section 301” tariffs on Chinese imports.
Evo Announces Appointments To Executive Team
Evo, the online retailer of outdoor gear and fashion apparel based in Seattle, WA, announced the addition of Xandy Anderson and the promotion of Ben Wallace.
Patagonia And REI To Boycott Outdoor Retailer Show Upon Return To Utah
Patagonia and REI issued statements that said the companies would not attend Outdoor Retailer when it returns to Salt Lake City in 2023.
Sportfishing Industry Association Appoints Pacific Fisheries Policy Director
The American Sportfishing Association (ASA) announced that Larry Phillips has joined ASA as its Pacific Fisheries policy director. Phillips most recently served as Region 6 Director for the Washington Department of Fish & Wildlife.
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