Signa Sports United’s North American Bike Division, which makes the Nukeproof and Vitus bikes, opened a corporate office in Park City, UT.
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EXEC: American Outdoor Brands Sees Continued Cautious Retail Orders In Near-Term
American Outdoor Brands reported a 27.4 percent sales decline in the third quarter and slashed its growth targets for the current fiscal year. Company officials warned on an analyst call that the cautious ordering patterns due to elevated inventories at retail would not recover until the second half of 2023.
American Outdoor Brands’ Q3 Sales Drop 27.4 Percent
Profits at American Outdoor Brands, Inc. dropped 77.0 percent in the third quarter ended January 31 as sales fell 27.4 percent. The maker of outdoor and hunt accessories lowered its outlook for its fiscal year.
Enduro Bearings Expands Distribution In Canada, Central America
Enduro Bearings reported a multi-year distribution agreement with Orange Sport Supply in Canada and Grupo GL in Central America.
Amer Sports’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.
Vuori To Open Store In Mall Of America
Vuori plans to open a store at the Mall of America in Bloomington, marking its first store in Minnesota.
Fiocchi Appoints New President For North America Operations
Fiocchi hired shooting industry veteran David Blenker as president and CEO of its North American operations. Blenker replaces Anthony Acitelli, retiring after a three-and-a-half-year tenure in the role.
NSGA Hall of Famer, Augie Nieto, Passes Away
Augie Nieto was one of the most successful innovators in the fitness industry who turned his efforts toward finding a cure for ALS after he was diagnosed with the disease 18 years ago. Nieto, a 2008 Sporting Goods Industry Hall of Fame inductee, passed away on February 22.
Blain’s Named One Of America’s Best Employers For Fifth Year
Forbes magazine named Blain’s Farm & Fleet one of “America’s Best Midsize Employers” for the fifth year in a row. In 2023, Blain’s Farm & Fleet ranked as the #1 Wisconsin-based retail and wholesale company.
Motocaddy Hires President & GM For Americas Region
Motocaddy hired Mark Kuryak as president and general manager in the Americas to drive sales and awareness of the electric golf caddy brand across both continents.
EXEC: Asics North America Growth Lagged Global Gains In 2022
Asics Corp reported sales in its North American region grew 22 percent in 2022 with a big foreign-exchange boost. Currency-neutral sales rose 3.1 percent on top of a 27.2 percent jump in 2021. The region was profitable for the second straight year although profits were down due to e-commerce expenses.
PGA Of America Names Chief Operating Officer
The PGA of America has named Craig Kessler as chief operating officer. Kessler, who served as COO and Head of Emerging Concepts at Topgolf from 2016 to 2021, will report to PGA of America CEO Seth Waugh, effective March 6.
Moncler Americas President Joins Skims
Skims, the shapewear, intimates and loungewear label, hired Robert Norton, formerly president of Moncler Americas, as chief commercial officer.
Canada Goose Cuts Outlook On Weaker China, North America
Canada Goose Holdings Inc. reported earnings and sales came in below guidance in the fiscal third quarter ended January 1 and lowered its outlook for the year due to worse-than-expected COVID-19 related disruptions in Mainland China and slowing momentum in North America.
American Outdoor Brands Files Suit Against Allen
American Outdoor Brands, Inc. filed a complaint against The Allen Company, Inc. alleging repeated infringement by Allen of American Outdoor Brands’ patent rights incorporated in a variety of products.
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