Smith & Wesson Brands Inc. announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly-traded company.
Category: Outdoor
NICS Checks Surge 123 Percent In July
The FBI completed 1.85 million gun background checks on an NSSF-adjusted basis in June, a hike of 122.5 percent compared to the June 2019 NSSF-adjusted NICS figure of 830,579. The rate builds on gains of 135.7 percent in June, 75.2 percent in May, 69.1 percent in April and 41 percent in March.
DW Sports Enters Administration
DW Sports, which operates 73 gyms and 75 stores across the U.K., said it plans to enter into administration. All of its stores will close, but DW plans to work with administrators from BDO to save as many gyms as possible.
OR Parent’s Q2 Results Marred By Event Cancellations
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations tied to COVID-19 but saw a more modest decline in earnings due to the arrival of initial claims confirmed under its event cancellation insurance policy.
Emerald Holding Announces Election Of New Preferred Stock Directors
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the company’s Board of Directors, effective immediately.
Hydro Flask Announces ITC Filing To Combat Counterfeiting
Hydro Flask, a Helen of Troy Limited, announced its recent filing with the U.S. International Trade Commission (ITC) to combat widespread importation of counterfeit Hydro Flask products into the United States.
Icebreaker Appoints New GM and VP
Icebreaker appointed Cameron Walker as its new GM and VP at Icebreaker North America, Rachel Winkel as director of North American marketing and Sam Minassian as head of e-commerce & digital marketplaces.
VF Corp Appoints President, Greater China
VF Corporation announced the appointment of Winnie Ma to the new position of president, Greater China. Ma joins VF following a 10-year career at Unilever, North Asia, where she most recently led the Beauty & Personal Care category business.
Safilo’s Q2 Sales Drop 54 Percent, Smith’s Online Sales Expand 40 Percent
Safilo, the parent of Smith Optics and manufacturer of a wide range of designer eyewear brands, posted total net sales of €114.5 million in the second quarter, down 54.0 percent at current exchange rates and 53.7 percent at constant exchange rates.
VF Claims No. 1 Spot On Barron’s List Of Most Socially Conscious Companies
VF Corp. claimed the No. 1 spot in June in Barron’s re-ranking of its 100 Most Sustainable Companies focusing on social commitments.
Newell Brands Sees 20 Percent Sales Drop In Outdoor & Recreation Segment
Newell Brands said sales at its Outdoor & Recreation segment, which includes Coleman and Marmot, fell 20.3 percent to $353 million from $443 million a year ago. The decline reflected a core sales decline of 21.5 percent and the impact of unfavorable foreign exchange.
VF’s Q1 Sales Fall 48 Percent, But Bounce Back In China
VF Corp. reported a net loss of $285.6 million, or 73 cents a share, in the first quarter ended June 30 as revenues tumbled 48 percent. The loss was 10 cents better and sales were slightly above Wall Street’s targets. VF said it has seen recovery in China and expects revenues for the current quarter to be down less than 25 percent.
Johnson Outdoors Sees Fiscal Q3 Revenues Sink 21.5 Percent
Johnson Outdoors reported net profits in the fiscal third quarter ended June 26 fell 41.6 percent as revenues declined 21.5 percent.
Deckers Brands Posts Solid Quarter On Strong DTC, Hoka and Domestic Gains
Deckers Brands reported that net sales for the first fiscal quarter ended June 30 increased 2.3 percent to $283.2 million compared to $276.8 million for the comparable period last year. The basic loss per share was 28 cents a share compared to a basic loss per share of 67 cents in the comp period last year.
Delta Apparel Fiscal Q3 Results Improved As Period Progressed
Delta Apparel, Inc. reported net sales for the fiscal third quarter ended June 27 were $71.8 million, or approximately 60 percent of prior-year quarter net sales of $119.3 million. DLA said monthly sales performance sequentially accelerated throughout the third quarter from April sales at 33 percent of prior-year levels to June sales at nearly 90 percent of prior-year levels. Net sales in the Delta Group segment and Salt Life Group segment decreased 39.0 percent and 47.2 percent, respectively, from the prior-year period.
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