Clarus’ Q4 Sales Climb 27 Percent
Clarus Corp., the parent of Black Diamond Equipment, Sierra Bulletts and PIEPS, reported sales in the fourth quarter rose 27 percent along with strong earnings improvement.
NSSF Supports President’s School Safety Plan Initiative
The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, announced its support for President Donald Trump’s plan to help ensure children are kept safe and that firearms remain beyond the reach of prohibited individuals while respecting the rights of law-abiding firearms owners.
Berkshire Hathaway’s Apparel Segment Sees Modest Gain In 2017
Berkshire Hathaway Inc. reported sales from apparel and footwear businesses – including Fruit of the Loom, Garan, H.H. Brown Shoe Group and Brooks Sports – increased 1.2 percent in 2017 compared to 2016, to $4.2 billion.
Clarus Promotes John Walbrecht To President
Clarus Corp., the parent of lack Diamond, Sierra and PIEPS, promoted John Walbrecht to president. Walbrecht has been with Clarus for nearly 18 months, serving as president of the company’s Outdoor Group.
White House Backs Off On Raising Age For Buying Guns
The Trump administration on Sunday night proposed providing some school personnel with “rigorous” firearms training while intending to establish a federal commission to examine other proposals, such as raising the age to purchase some weapons.
Gander Outdoors Prepares For Grand Opening In Fort Wayne, IN
Gander Outdoors, formerly known as Gander Mountain, is open in Fort Wayne, IN.
Bass Pro Provides Update On Cabela’s Future In Sidney, NE
In a note to the media on Thursday, Bass Pro said 680 of Cabela’s corporate employees had applied for a voluntary buyout plan and that 290 would be leaving the company this week. A full-page ad in the Wall Street Journal also went out to support Bass Pro’s goal of donating any unused space in Cabela’s offices to bring jobs to the city of Sidney, NE. Full details here.
Aisle Talk, Week of March 5
Top headlines from the active lifestyle industry you may have missed this week.
Bass Pro Provides Details On Cabela’s HQ Buyouts
Bass Pro said Thursday that 290 Cabela’s employees located in Sidney, NE will leave the company this week as part of a voluntary buyout program. Another 390 former Cabela’s employees also applied for buyouts, but no immediate action will be taken on those.
CODI Sees 2017 Gains for 5.11, Crosman; Liberty Safe Declines
Compass Diversified Holdings (CODI) reported revenues at 5.11 Tactical grew 5 percent and Crosman added 1.1 percent in 2017 while sales at Liberty Safe were down 11.4 percent.
Under Armour’s Sports Sponsorship Commitments Retreat In 2017
According to Under Armour’s just-filed 10K report, future sports marketing commitments fell 13.6 percent at the close of the year, reflecting the company’s overall efforts to reduce its cost structure.
Poll: Dick’s Favorability Rating Remain “Fairly Stable” Following Gun Sale Policy Change
According to analysis from Morning Consult Brand Intelligence, Dick’s Sporting Good’s overall net favorability has remained fairly stable since its announcement on February 28 that it would tighten restrictions on gun sales.
CODI Prices $100 Million Share Offering
Compass Diversified Holdings (CODI), owner of 5.11, Crosman, Liberty Safe and a number of other middle market businesses, priced a $100 million public offering of 4 million of its 7.875 percent series B fixed-to-floating rate cumulative preferred shares.
NSSF Appoints Sig Sauer’s Tom Taylor To Board Of Governors
The National Shooting Sports Foundation Board of Governors announced the appointment of its newest board member, Tom Taylor, chief marketing officer and executive vice president, commercial sales, of Sig Sauer.
American Outdoor Brands Responds To BlackRock Inquiries
In response to inquiries from asset manager BlackRock Inc. on its commitment to gun safety, the parent of Smith & Wesson wrote in part, ”We must collectively have the courage to ensure any actions are guided by data, by facts, and by what will actually make us safer — not by what is easy, expedient, or reads well in a headline.”
