Outdoor People

Report: Anta Exploring Amer IPO

Dec 7, 2022SGB Updates

China’s Anta is holding preliminary talks with investment banks for an IPO of Amer that could raise about U.S.$1 billion or more, according to Bloomberg. (Read More)

Otis Technology Names Central Region Sales Manager

Dec 7, 2022SGB Updates

Otis Technology hired Jacob Wolf as the central region sales manager responsible for managing sporting goods sales and marketing in the central United States. (Read More)

Massachusetts Creates Office Of Outdoor Recreation

Dec 7, 2022SGB Updates

Massachusetts created an Office of Outdoor Recreation headquartered in the Executive Office of Energy & Environmental Affairs. It is the 18th state in the nation to do so. (Read More)

Academy Sports’ Q3 Comps Slide 7.2 Percent

Dec 7, 2022SGB Updates

Academy Sports and Outdoors, Inc. reported earnings on an adjusted basis declined slightly in the third quarter ended October 29 against difficult year-ago comparisons but topped Wall Street expectations. Same-store sales were down 7.2 percent with overall sales coming in below analyst targets. Sales were up 30.5 percent versus the pre-pandemic 2019 third quarter. (Read More)

Cytech Acquires Pasasport

Dec 7, 2022SGB Updates

Italian manufacturer of arm pads and inserts for cycling clothing, Cytech, reported it acquired a majority of shares in Pasaport, a manufacturer of gloves and accessories. (Read More)

Thor Industries’ Profits Fall In First Quarter

Dec 7, 2022SGB Updates

Thor Industries, Inc. reported profits fell 43.8 percent in the first fiscal quarter ended October 31 on a 21.5 percent sales decline. (Read More)

Smith & Wesson’s Q2 Revenues Decline 47.5 Percent

Dec 6, 2022SGB Updates

Smith & Wesson Brands, Inc. reported a significant decline in earnings year-over-year in the second quarter ended October 31 as sales dropped 47.5 percent and gross margins decreased. (Read More)

PrairieFire Acquires Front Sight

Dec 6, 2022SGB Updates

PrairieFire completed its acquisition of Front Sight from Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court approved the plan to purchase the business on November 29, 2022, and the sale closed on December 2, 2022. (Read More)