SGB Executive Sportsmans
EXEC: Columbia Using Temp Stores to Offload Excess Goods as it Fights to Right-Size
While the company is focused on improving the Columbia, Sorel and Prana businesses through investments in innovation and marketing, the company only has to look as far as its Mountain Hardwear brand and new leadership and direction to see early results of similar efforts.
EXEC: Osprey and Hydro Flask Both Expanding Product Ranges and Distribution
Osprey should strengthen internationally with growth in the EMEA and APAC on demand for travel packs, while the U.S. will expand in sporting goods. For Hydro Flask, it’s all about color and configuration in the U.S. while expanding in tge EMEA through Osprey’s distribution footprint.
EXEC: Vista Outdoor Re-Engages with MNC Capital on Potential Buy-Out Interest
Given that the current deal with CSG has raised more than a few eyebrows in the U.S. Congress from those that see an issue with selling an American ammo maker to a foreign entity, it sounds like Vista may see it as more prudent to keep all options open.
EXEC: Under Armour’s HR Chief and DEI Leader to Exit Company
Tchernavia Rocker’s departure represents the second female senior executive planning to exit the company in the last two months. Rocker joined UA in February 2019 as chief people and culture officer.
EXEC: CSG Taps JP Morgan Financing for the Vista Outdoor Ammo Deal
Czechoslovak Group issued a statement reaffirming its commitment to the proposed all-cash acquisition of Vista Outdoor, Inc.’s ammunition business for a total consideration of $1.91 billion, with fully committed financing from JP Morgan Chase.
EXEC: Sportsman’s Warehouse Kicks Off ‘Spring Reset’ to Clean Inventory, Grow Sales
Wall Street reacted positively to the planned changes and the Q4 earnings beat as SPWH shares surged 21 percent on Thursday to close at $3.79 a share. The inventory reduction efforts was said to be $10 million better than planned.
EXEC: Escalade Ramps up Cash Generation; Cuts Inventory 24 Percent
Despite a high-single-digit decline in Q4 sales, Escalade, Inc. characterized its fourth quarter as delivering a strong finish to the last year, with “improved gross margins, robust cash generation and a significant reduction in leverage.”
EXEC: Vista Outdoor Re-Files CFIUS Notice to Extend Review Period for Ammo Business Sale
Vista Outdoor, Inc. and Czechoslovak Group a.s. (CSG) voluntarily withdrew and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (CFIUS) to allow CFIUS additional time to conduct diligence on the proposed sale.
EXEC: Researching Exposures & Effects from PFAS and Consumer Textiles on Human Health
The study is meant to provide insights into the measurement of PFAS in a variety of consumer textiles and how these PFAS enter the human body. But a funny thing happened on the way to the results, The pattern of PFAS detection in the evaluated textiles does not fully align with reported human serum levels.
EXEC: Colt CZ Sees Firearms Unit Sales Fall 10 Percent in 2023 as U.S. Market Declines
The number of firearms sold in 2023 decreased by 10.4 percent compared to 2022, reaching 621 thousand units sold, primarily due to lower demand in the U.S. commercial market.
EXEC: MNC Capital Partners Ups Ante in Vista Outdoor Takeover Bid
MNC submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. for $37.50 per share, or approximately $3.0 billion, as it tries to head off the sale of Vista’s ammo business to a foreign entity. Meanwhile, Vista has scheduled a shareholder vote for the sale of the ammo business to Czechoslovak Group.
EXEC: Academy Execs Break Down Q4 Hits and Misses, 2024 Outlook
Academy saw an improving comp store sales trend in its fiscal fourth quarter, and while still negative, it gave company management something to hold on to when assessing overall performance in Q4, the full year ended February 3 and planning the year ahead.
EXEC: Gregory, High Sierra Parent Company Seeks Dual Listing for Shares
An additional listing is expected to increase liquidity of the company’s shares and create an opportunity to reach investors in markets that are an important part of the company’s global footprint and growth drivers for its business.
EXEC: Caleres Looks to Invest in Brand Portfolio Growth as Famous Footwear Struggles
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands said the Brand Portfolio segment led the financial performance of the company for the first time in nearly two decades.
EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year
The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.
