EXEC: Newell Brands Expects Slow Turnaround for Challenged Outdoor & Rec Segment
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo reported that revenue in its Outdoor & Recreation segment actually fell 20.8 percent in the quarter.
EXEC: Hoka Drives Deckers Brands’ Fiscal Q2 Growth; Prompts Guidance Bump
DECK now expects Hoka to increase approximately 24 percent year over year, reflecting the continued strength of global demand. Ugg is still expected to grow mid-single digits, and diluted earnings per share expectations range from $5.15 to $5.25 for the year.
Winchester Ammunition Posts Solid Q3 Growth but Falls Short of Expectations
The 13.8 percent year-over-year sales increase was primarily due to higher international military sales, military project revenue and White Flyer sales, partially offset by lower commercial ammunition sales.
Columbia Brand Appoints Marketing Chief; Launches New Brand Vision
Matt Sutton, as senior vice president and head of marketing for the Columbia brand, was hired as the Columbia Brand has reportedly worked to bring a new strategic vision to life internally over the last few months.
EXEC: Vista Outdoor Schedules Another Special Meeting to Vote on CSG Deal
The company will hold the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (CSG) at 9 a.m. (CT) on November 25, 2024.
Pure Fishing Lands Refinancing Deal on Outstanding Debt
As part of this transaction, the company entered into a new five-year, $750 million first lien credit facility with a consortium of lenders including Monarch Alternative Capital LP and Silver Point Finance as co-lead lenders.
Escalade Posts Q3 Sales Decline on Weak Consumer Demand, But Profits Up
While sales declined across most of the company’s channels during the third quarter, ESCA generated more than 13 percent year-over-year growth in international sales and 29 percent in owned e-commerce sales.
Ken Hicks Takes the Reins at PetSmart LLC
The former Foot Locker, Inc., Academy Sports + Outdoor, Inc. and JC Penney Chief Executive has been named President and CEO, effective October 31. Hicks will also serve on the company’s Board of Directors.
EXEC: Thule Group Posts DD Profit Growth on Weaker Sales Growth
Sales in the third quarter increased 4 percent in constant-currency terms in the third quarter compared to the Q3 period last year, reflecting a small 1.4 percent year-over-year increase in reported terms.
NRF Expects 2024 Holiday Spending to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
FireDisc Cookers Adds Another Key Sales Agency to its Team
Continental Sales and Marketing is the company’s new independent sales rep partner for the hardware, sporting goods and grocery stores channels.
Garmin Ltd. Acquires Marine LED Lighting Company Lumishore
The privately-held company has manufactured LED lighting systems used on various vessels, from runabouts to superyachts, for over 15 years. Financial terms of the acquisition will not be disclosed.
National Marine Manufacturers Association Board Elects Three Division Directors
New individuals joining the NMMA Board of Directors include Ben Duke (Polaris Marine), Tommy Hancock (Sportsman Boats) and Rob Parmentier (Sailfish Boats
St. Croix Rod Appoints Sales Teams for Midwest, Colorado and PNW Territories
The family-owned fishing rod company based in Park Falls, WI, has tapped Redband Sports Group and Wisco Outfitters to represent the company’s fly-fishing portfolio and brand in two key U.S. fly-fishing regions.
Buds Gun Shop Names New President & COO
Mark Stecher, as president and chief operating officer, will assist CEO Joe Murphy across all areas of the company
