American Rebel Holdings, Inc., a designer, manufacturer and marketer of branded safes, personal security and self-defense products, closed on its private placement of common stock, or pre-funded warrants in lieu thereof, and warrants.
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EXEC: American Outdoor Brands Eyes Return To Growth, Potential For $400 Million In Revenue
America Outdoor Brands said it strengthened its balance sheet, generated significant operating cash flow, controlled costs, and continues to invest for its long-term growth but full-year net sales were $191.2 million, a decrease of 22.8 percent, compared with the prior year and an increase of 14.2 percent over pre-pandemic fiscal 2020.
American Outdoor Brands Sees Fiscal Q4 Adjusted Profits Decline As Sales Fall 8 Percent
American Outdoor Brands, Inc. reported that fiscal fourth quarter net sales decreased 8.0 percent to $42.2 million for the three-month period ended April 30. Quarterly non-GAAP net income was $793,000, or 6 cents per diluted share, compared with non-GAAP net income of $1.9 million, or 14 cents per diluted share, for the prior-year quarter.
Pickleball Injuries Could Cost Americans Upwards Of $500 Million In 2023
Pickleball, the fastest-growing sport in the U.S., could cost Americans from $250 million to $500 million in medical costs in 2023 tied to higher injury rates, particularly among seniors, according to a report from UBS.
Reima North America Hires Wholesale Experience Manager
Reima North America hired Kelly Buck as the company’s wholesale experience manager. Reima said this strategic addition to the team is a testament to its commitment to delivering excellent service and expertise to its valued wholesale customers.
JD Sports Maintains Full-Year Outlook Despite North America Drag On Growth
JD Sports Fashion Plc shares were down nearly 6 percent in early trading in London on Tuesday after the retailer, parent of the JD, Finish Line, DTLR and Shoe Pavilion in the U.S., provided and update on the current year business for attendees at its Annual General Meeting.
American Sportfishing Association Elects Four Board Members
The American Sportfishing Association (ASA) elected four members to fill two at-large and two regional seats on its board of directors. Their three-year terms begin October 1, 2023.
Survey Shows Americans Increasingly Seek Outdoor Adventures
Winnebago Industries’ third annual spotlight survey shows Americans are increasingly looking to the outdoors and road trips to improve mental well-being and to combat the rising costs of flights, lodging and car rentals.
Vivobarefoot Opens First North America Brick & Mortar Store
Vivobarefoot opened a new retail store in Vancouver, BC, Canada. The 800-square-foot location is the brand’s first brick-and-mortar store in North America, selling its range of barefoot shoes displayed on natural materials.
Amer Sports’ Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Amer Sports Holding Oy due to the company’s robust operating performance, thanks to a strong performance in China, the continuous acceleration of the Arc’teryx brand, and positive momentum in its footwear division driven by the Salomon brand. Amer’s sales grew 30.3 percent in 2022.
Smith Optics Parent Reorganizes North America, Global Sport Leadership
Safilo Group, parent company of the Smith Optics brands and licensee for a range of lifestyle and sport brands such as Under Armour, is making a range of organizational changes in its North American market and global Sport Channel.
Big Tine Selects North America Rep Coverage
Big Tine, a deer feed products company manufactured by Scott Pet Products, reported hiring Kelly Brand Management (KBM) to manage its U.S. and Canadian sales.
Fanatics Acquires Latin American Wholesaler
Fanatics completed the acquisition of Fexpro, a wholesaler of licensed sports and branded apparel in Latin America. Headquartered in Panama, Fexpro is a preferred licensee for several major U.S. sports leagues in the region and also works with international soccer clubs.
Citi Survey: Nike’s Appeal Strong In North America And Improving In China
Recent survey data from analysts at Citi found Nike’s consumer appeal remained vibrant in North America with the brand by far the most-popular athletic brand in the region. Among Chinese consumers surveyed, Nike generated sequential improvement in consumer sentiment and held a slight lead as the favorite brand in the country.
VSSL Builds Out North American Sales Agency Team
VSSL said it is building a world-class sales team across North America, and globally, to “embrace existing sales relationships with dealer partners and nurture the next generation of wholesale partnerships with retailers that can showcase the entire line and amplify the brand’s message around compact, durable, integrated products.”
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