The program follows the company’s prior share repurchase program approved last year, which authorized the repurchase up to $10.0 million of AOUT shares that resulted in 412,735 shares repurchased at an average price of $8.70 per share, or roughly $3.6 million in the aggregate.
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Helinox Appoints VP of Marketing for North America
The manufacturer of lightweight, portable furniture and accessories, has hired industry veteran Courtney Matthews as vice president of marketing for North America, based in its U.S. headquarters in Berkeley, CA.
PGA of America Elects President of Georgia Section
Joshua Deal, PGA general manager at Bobby Jones Golf Course in Atlanta, GA, was elected the 29th president of the PGA of America’s Georgia Section.
American Outdoor Brands Postponing Annual Meeting, Filing Revised Proxy Statement
The revised proxy statement will include a binding proposal to approve amendments to its certificate of incorporation, eliminating the requirement for supermajority voting for amendments to its certificate of incorporation and bylaws.
Far Bank Names Industry Vet as Director of North American Sales
Tom Larimer brings to Far Bank vast experience gained from a 30-year career in the fly fishing industry. His recent roles leading national sales teams and brand management operations include decades of guiding and retail experience and a background in product design and casting instruction.
American Camp Association’s COO to Take Reins as President & CEO Exits
ACA’s president and CEO, Tom Rosenberg will be stepping down next month. The association’s COO, Henry DeHart, will become interim CEO. Rosenberg will support DeHart through the end of the year to ensure a seamless transition.
Modern America Campgrounds Expands Portfolio with Connecticut Campground Deal
The largest RV park owner in the Northeast has acquired Lone Oak Campsites in East Canaan, CT, marking its 27th park acquisition in the last 24 months.
EXEC: American Outdoor Brands Stymied by Q1 Shooting Sports Weakness
New products reportedly “performed well” across several brands in both the Shooting Sports and Outdoor Lifestyle categories, helping to offset declines and deliver net sales in the quarter.
REI Co-op Expands Cameron Janes Role in COO Promotion
In his expanded role, Janes’s responsibilities include fulfillment and logistics and leading REI’s experiences division, which provides adventure travel, day tours, and classes.
The James Brand Strengthens Sales Team Across North America
The company added new sales team members, a brick-and-mortar retail store at its headquarters in Oceanside, CA, and expanded its nationwide network of retailers.
Unifi, Inc. Narrows Fiscal Q4 Loss on Americas and Brazil Segment Share Gains
The company reported that subsequent to quarter-end, the company reported that it launched two new innovative Repreve Fiber products that will help support future growth.
EXEC: Hibbett’s New Parent Saw North America Outpace UK and Europe in Q2
Second-quarter comparable store sales were reported to be strongest in North America, with 5.7 percent comp sales growth year-over-year. The region also led in organic sales growth.
EXEC: Salomon Sees North America Q2 Wholesale Cut into 55 Percent Jump in Global DTC
Amer opened 27 Salomon shops in Q2 in Greater China, bringing the total count for the brand to 136 doors. Wholesale sales declined slightly for the quarter, negatively impacted by slower pre-orders in the North America sporting goods and ski channels, which increasingly relies on replenishment orders.
Amer Sports Raises FY Guide as Wilson Returns to Growth, Salomon and Arc’teryx Grow DD
The parent company of the Arc’teryx, Salomon, and Wilson Sports businesses, among others, raised its full-year sales and earnings guidance based on its strong Q2 results. The Wilson brand returned to growth, Salomon footwear posted DD growth and Arc’teryx continued its 30 percent-plus growth.
EXEC: A Look Ahead at Amer’s Q2 Results as Weak China Retail Worries Market
Amer Sports Inc. will report Q2 results tomorrow morning and investors are hoping against hope that the slowdown in China did not have an outsized impact on the company’s performance in the period, and the Arc’teryx brand in particular, which relies heavily on the Greater China market for revenue.
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