EXEC: GoPro Inc. Cutting 15 Percent of Workforce in Cost-Cutting Effort
The Restructuring Plan would reduce its full-time employees by 15 percent from 925 full-time workers at the end of Q2. Cuts would begin in Q3 2024 and be “substantially completed” by the end of 2024. The layoffs would affect 139 positions.
Iron Valley Supply Promotes Jacob Ring to Director of Product Management
Previously, as a key member of the company’s purchasing department, Ring managed over 5,000 products across 50 product lines, demonstrating exceptional organizational skills and strategic insight.
Leupold & Stevens Bolsters Regional Sales Team
The company promoted Kevin Graves to Eastern Region sales manager, Cody Braden to Central Region sales manager and Josh Andrews to Western Region sales manager, reporting to Leupold’s National Sales Manager, Jay Montrose.
EXEC: Lazydays Holdings Gets Creative to Weather the RV Downturn
Despite the creative work of managing inventory, generating sales, and cutting expenses, the company continued to see revenues fall 22.6 percent in Q2, with the bottom line falling into the red as RV traffic stalled this year.
EXEC: Colt CZ Group Expands Production Capacity in Hungary
The Colt CZ Group reportedly holds a majority share and fully controls all production activities at the site.
Outtech Adds Antler King to Outdoor Brand Portfolio
The Ohio-based company produces nutritional products for whitetail deer, including food plot blends, cover screen options, feed blocks, attractants, and supplemental feed to promote healthy development and growth.
Taylor’s & Company Adds New Representation for Central and Eastern U.S.
Taylor’s & Company has chosen Ken Jefferies & Associates as its sales agency of record for the central and eastern regions of the United States. The agency has represented brands in the shooting sports industry since 2008.
Stan Outdoors Appoints Director of Sales and Marketing
As both an experienced competitive archer and an avid bowhunter, Jasa has, most recently, served as regional sales manager at Precision Shooting Equipment Inc., the largest privately owned archery equipment manufacturing company in the U.S.
Boater’s World Marine Centers President to Depart
Stewart Thompson will be stepping down to spend more time with his family. The company said he will continue to be active in the boating industry.
Do U.S Office Workers Really Have a Strong Preference to Work in the Office?
Approximately three-quarters of respondents (73 percent) said they would not consider going into the office if their commute was longer than 45 minutes roundtrip, but many opinions differed based on career position.
Circana: July Retail Sales Reveal a Summer Vacation From Discretionary Spending
Circana said products are prioritized based on need, and financial concerns and competitive product offerings across all channels test brand loyalty.
Kastking President Al Noraker to Retire at End of 2024
The Eposeidon-owned fishing tackle manufacturer has announced the retirement of company president Al Noraker. He has led company efforts since 2022 and started his fishing industry career with Fred Meyer in 1980.
IBEX Appoints New Show Director
As the former SVP of business development for the MADA and the Twin Cities Auto Show and the group show manager at Cygnus Business Media, Velline is said to have a proven track record in creating vibrance in existing businesses and new opportunities across various domains.
Axil Brands Posts Strong FY Growth, or How to Survive on 73 Percent Gross Margins
Consolidated net sales for the fiscal year ended May 31, 2024 increased 17 percent year-over-year to a record $27.5 million, delivering gross margins of 73.4 percent of sales and operating margins of 68.0 percent for the fiscal year.
U.S. Census Bureau Reports 5.2 Percent Y/Y Growth for July Core Retail Sales
Sporting Goods, Hobby, Musical Instruments, and Bookstore sales were reported down 6.8 percent y/y from July 2023, doubling the 3.4 percent year-over-year decline reported in June, and down 0.1 percent versus June 2024.
