American Outdoor Brands, the parent of Smith & Wesson, closed a challenging year by reporting a sales drop of 24.9 percent in its fourth quarter ended April 30 while projecting flat earnings on a slight decline in sales for its current fiscal year.
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American Outdoor Brands Q4 Revenues Sink 25 Percent
American Outdoor Brands, the parent of Smith & Wesson reported earnings before special items tumbled 58.2 percent in the fourth quarter ended April 30 on a 24.9 percent drop in revenues. James Debney, CEO, said, in a statement, “Fiscal 2018 was a year characterized by lower consumer demand for firearms, heightened levels of inventory in the consumer channel, and a host of aggressive, industry-wide promotions.”
American Sportfishing Association Elects Board Members For 2018
Four members of the American Sportfishing Association (ASA) were elected to fill two at-large seats and two regional seats on the board of directors. Their terms begin October 1 and they each will serve three-year terms. ASA is the trade association that represents the recreational fishing industry.
Canada Goose To Open Three New Stores In North America
Canada Goose Holdings Inc. announced the next phase of its global retail expansion, opening three stores this fall in Short Hills, NJ, Montréal, Quebec and Vancouver, British Columbia.
American Medical Association Endorses Gun Control
The American Medical Association (AMA) endorsed a slate of gun control measures, including a ban on assault-type weapons. The nation’s leading organization of medical professionals described gun violence as a “public health crisis.”
The American Outdoorsman Collaborates With Shoe Manufacturer LJO On Collection
Outdoor apparel brand The American Outdoorsman has joined forces with shoe manufacturer LJO to create a new footwear collection inspired by their shared take on outdoor lifestyle.
PHIT America Launches National Fundraising And Awareness Campaign
PHIT America is introducing the company’s first National Fundraising & Awareness Campaign, enabling any company, organization, association and employee in the sports and fitness industry to help educate and enlighten the U.S. about the negative side effects of physical inactivity.
American Hiking Society Announces 2018 National Trails Fund Recipients
The National Trails Fund gives trail clubs and land managers the necessary funding to complete critical trail projects across the country, thanks to the support of the fund’s Charter Sponsor, L.L.Bean.
★ Ray Charles ★ America the Beautiful ★ 2001 World Series ★
Listen to Ray Charles sing “America The Beautiful” at the 2001 World Series.
Vertical World … America’s First Climbing Gym Celebrates 30 Years
Vertical World celebrates 30th Anniversary.
Oofos Renews Xterra America Tour Partnership
Xterra Global LLC, owners and producers of Xterra, announced Oofos will return for its second season as a participating partner of the Xterra America Tour with the launch of the “Oofos Great Descents Series” that highlights the benefits of recovery in an athlete’s journey.
DPS Appoints VP of Global Sales & North American Sales Director
Salt Lake City, UT-based ski manufacturer DPS has added sports industry veterans Sergio Kiehl and Steve Kropf to the brand’s internal sales team. Kiehl has been appointed vice president of global sales, and Kropf has been appointed North American sales director.
Mustad Appoints President, Americas
Mustad and Son, the maker of fishing tackle and accessories, announced that Jordan Davis has accepted the position of president, Americas.
Mizuno Americas Sales Lag, Profitability Recovers
Mizuno Corp.’s sales slid 14.2 percent in the Americas region in its fiscal year ended March 31. But the decline was partly due to efforts to clean up inventories and reduce lower-margin sales that bolstered underlying profitability. Some sales recovery was predicted for the Americas region in the years ahead.
Asics Americas Q1 Sales Drop 27 Percent
Asics Corp.’s sales in the American region fell 26.6 percent in the first quarter on a reported basis and 23.3 percent on a currency-neutral basis, to ¥21.9 billion ($200 mm). The decline was attributed to “weak sales in the U.S.”
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