Starboard Releases Presentation On Newell
Starboard Value LP, which owns approximately 3.8 percent of Newell Brands, announced that the company has released a detailed presentation outlining the opportunity to create meaningful value at Newell.
AcuSport Files For Bankruptcy, Will Be Sold
AcuSport Corp., a Bellefontaine, OH-based distributor of shooting and hunting products, today filed for Chapter 11 bankruptcy protection in the Southern District of Ohio.
Vista Outdoor To Exit Firearms, Sports Protection And Paddle Boards
On a conference call with analysts, Christopher Metz, CEO of Vista Outdoor, explained the strategy behind the company’s decision to focus on brands within four distinct categories, ammunition, hunting/recreational shooting accessories, hydration bottles and packs and outdoor cooking products, while divesting Bell, Giro, Blackburn, Jimmy Styks and Savage and Stevens firearms.
Big 5’s Sales Tumble In Q1
Big 5 Sporting Goods Corp. reported first-quarter loss as gross margins eroded 200 basis points and same-store sales fell 7.5 percent. The sales decline was due to warm and dry weather conditions in the western states. The results were in line with guidance given in February.
Under Armour’s Q1 Tops Wall Street’s Targets
Under Armour Inc. reported break-even results in the first quarter, exceeding Wall Street’s expectation. Sales also came in slightly ahead of expectations. Sales in North America were flat while international growth was 27 percent. The company maintained its guidance for the year.
Vista Outdoor To Explore Divestitures On Non-Core Brands
Vista Outdoor Inc. reported that the company plans to explore the divestiture of the Sports Protection brands (e.g. Bell, Gir, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms as part of a strategic business transformation plan.
Gander Outdoors Prepares For Grand Opening In Greensboro, NC
The store will be be one of five Gander Outdoors retail locations in North Carolina.
Tactical Solutions Names Bill Hicks And Co. As Newest Distributor
Tactical Solutions, the rimfire firearm, rimfire conversion, and rimfire accessory specialist, has named Bill Hicks and Co. as an official distributor.
Aisle Talk Week Of April 23
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Opens Store In Rolla, MO
Academy Sports + Outdoors opened the company’s first store in Rolla, MO.
Balanced Portfolio, Channel Strategy Fuels Rocky Brands’ Q1
Though Rocky Brands Inc. narrowly missed Wall Street’s revenue estimates in the first quarter, the Nelsonville, OH-based company rode a healthy balance across portfolio and sales channels to more than double net income from the same quarter a year ago.
Shimano’s Q1 Boosted By Fishing Momentum, Cost Controls
Shimano’s earnings showed some recovery in the first quarter with the help of strong expense controls, a profit uptick in the company’s Fishing Tackle segment and a modest earnings gain in Bicycle Components.
Gander Outdoors To Open In Greensburg And Saginaw
Gander Outdoors, formerly known as Gander Mountain, set grand opening events for new stores in Greensburg, PA and Saginaw, MI.
Boot Barn Acquires Three-Store Boot Chain In Texas
Boot Barn Holdings Inc. acquired certain assets of Lone Star Western & Casual LLC, an individually-owned retail company with three stores in Waxahachie, Corsicana and Athens in Texas.
New Sales Chief For Primos, Gold Tip And Bee Stinger
Hunting and archery brands Primos Hunting, Gold Tip and Bee Stinger have named industry veteran Jason Harris vice president of sales and entered into a strategic partnership with sales representation firm Ken Jefferies and Associates.
