Columbia Sportswear Realigns Corporate Team
Tim Boyle, who has served as CEO since 1988, has resumed the role of president. Tom Cusick becomes EVP and COO, Franco Fogliato was promoted to EVP and Americas general manager, and Joe Boyle becomes EVP, Columbia brand president.
Compass Diversified Holdings Acquires Crosman Corporation
Compass Diversified Holdings entered into an agreement to acquire and consummated the acquisition of Crosman Corporation, a leading designer, manufacturer and marketer of airguns, archery products, optics and related accessories.
NSGA Appoints Bezanson And Miller To Board
The National Sporting Goods Association Board appointed Kevin Bezanson of Cleve’s Source for Sports and Greg Miller of Universal Athletic to its board of directors.
Sportsman’s Warehouse Sets Opening In Everett, WA
Sportsman’s Warehouse is expanding its operations to include a new retail location in Everett, WA.
Cabela’s Sets Date For Bass Pro Merger Vote
Cabela’s Inc. announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission (SEC) in connection with the Special Meeting of Stockholders to approve the previously announced acquisition of Cabela’s by Bass Pro Shops.
Canada Goose Q4 Benefits From DTC Expansion
DTC revenues nearly tripled in the quarter to Canadian$36.5 million (U.S.$27 mm) and drove an improvement of 950 basis points in gross margin.
Boot Barn Facing Headwinds From Oil-Dependent States
Boot Barn said same-store sales have improved in the first two months of the current quarter in states impacted by oil and other commodities. The company also announced the acquisition of the Country Outfitters e-commerce site.
Aisle Talk, Week Of May 29
Top headlines from the active lifestyle industry you may have missed this week.
Canada Goose Holdings Delivers 22 Percent Q4 Revenue Gain
Canada Goose Holdings Inc., in its first report since going public, reported a smaller-than-expected loss in its fourth quarter ended March 31 while seeing revenues expand 22 percent and a sharp hike in gross margins tied to its direct-to-consumer business.
Firearms Background Checks Bounce Back
Federal background improved for the first month since the surprise presidential election of Donald Trump.
Sturm, Ruger & Company Announces Executive Appointments
Sturm, Ruger & company Inc. announced the following executive appointments: Sarah F. Colbert as vice president of administration, Robert J. Werkmeister, Jr. as vice president of marketing, and Michael W. Wilson as vice president of Mayodan operations.
Dick’s Sets Grand Opening Of Five New Stores In Two States
Two stores will open in Miami, FL; and one each in Torrance, CA; Sunrise, FL; and Aventura, FL.
MC Sports Likely Shifting To Chapter 7 Bankruptcy
MC Sports, which filed for bankruptcy in February, has closed all its 66 doors and the case is likely being converted from a Chapter 11 bankruptcy to a Chapter 7 bankruptcy.
Moody’s Downgrades Vista Outdoors Debt Ratings
The corporate family rating downgrade reflects Vista’s weak operating performance and deteriorating credit metrics and Moody’s view that they will remain weak for an extended period. The rating outlook remains negative.
Cabela’s Details Bass Pro Merger Process
Cabela’s Inc. was quietly considering selling the company in early 2015, months before activist investor, Elliott Management, pushed the retailer to explore strategic alternatives, including a sale. That’s according to recently-filed documents by Cabela’s with the Securities & Exchange Commission that details the background that led to Bass Pro’s blockbuster deal to merge with Cabela’s. […]
