Malibu Boats CEO to Assume President Role as Ritchie Anderson Plans Retirement
Company President Ritchie Anderson will retire effective February 7, 2025. Upon his retirement, company CEO Steve Menneto will become president of Malibu Boats, Inc., with Donna Tallent, SVP of operations, assuming leadership for MBI operations.
Ammo, Inc. Receives Nasdaq Deficiency Notice for Failure to File Q3 Results
The company said it now has until January 21, 2025, to submit a Plan to regain compliance with the Listing Rule. The company intends to timely submit the Plan, if necessary.
Vista Completes Ammo Segment Sale; Revelyst Sale Set for January Close
The sale of The Kinetic Group to Czechoslovak Group a.s. has been completed. The company’s Outdoor Products segment, also known as “Revelyst” will begin trading on NYSE on Wednesday, November 27 under the ticker “GEAR”.
Wolverine Worldwide Work Group Appoints Mike Maloney Chief Product Officer
Maloney will spearhead product development, merchandise strategy and market expansion initiatives for all brands within the Work Group (Wolverine, CAT Footwear, Bates, Harley-Davidson Footwear, Merrell Work, and Hytest).
RVIA Survey Finds 21 Million Americans Plan to Travel by RV During the Holiday Season
The survey found that 21 million Americans plan to go RVing between Thanksgiving and New Year’s, with 9 million hitting the road for Thanksgiving and 7 million for Christmas.
EXEC: Dick’s SG Beats Q3 Expectations; Increases 2024 Comp Sales and EPS Outlook
The company raised full-year 2024 guidance for comparable sales growth to a range of 3.6 percent to 4.2 percent, up from 2.5 percent to 3.5 percent previously, and raised diluted EPS guidance to between $13.65 to $13.95 per share, up from $13.55 to $13.90 previously.
BHA Welcomes Conservation Leader to North American Board
As a North American public lands advocacy group, Brandenburg’s appointment adds to the BHA’s Board of conservation leaders. He has a “critical boots on the ground” perspective developed when he was a volunteer and architect of BHA’s Arkansas chapter.
EXEC: VF Corp. Shuttering East Coast DC, Moving Dickies to Vans HQ; 360 Jobs Impacted
The two moves, seen as part of the company Reinvent plan, are expected to impact 242 employees at the Virginia distribution center and another 120 Dickies staff with the move to California.
Study: Consumers Are Returning to Brick & Mortar Stores Post-Election
Shoppers are returning to brick-and-mortar stores in significant numbers this holiday season amid a notable cutback in post-election seasonal spending, according to a new consumer survey by First Insight, a customer-driven AI-powered retail platform.
USPS to Raise Rates in 2025 to Remain Competitive
The changes would raise shipping service prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select.
Polaris President of PG&A and Aftermarket to Retire
Steve Eastman plans to retire at the end of 2024. As a part of its leadership succession plan, Polaris is naming Andy Williams as president of PG&A and Aftermarket, effective January 1, 2025. Eastman will step into a strategic advisor role to support the transition and is expected to stay on through 2025.
Levi Strauss Continues Retail Expansion in Canada Ahead of Holiday Season
Store locations in Kelowna and Toronto will help expand Levi’s brand presence in British Columbia and Ontario, while a third store in Midtown Saskatoon, Saskatchewan, will be the first owned-and-operated location in the province
Protective Industrial Products Acquires Honeywell’s PPE Business
PIP’s industry-leading brands include PIP, G-Tek, Boss®, Bouton Optical, Grippaz, and Bisley Workwear, along with licensed PPE brands such as Puma Safety Footwear.
Moonlight Partners with Abritu Sport for Canadian Distribution
Moonlight, the Norwegian brand known for its outdoor lighting equipment, is officially entering the Canadian market, which was made possible through a new distribution agreement with Abritu Sport, which distributes brands like NNormal and Coros.
EXEC: Colt CZ Sees U.S. Recovery in Handguns; Long Guns Outpace Total Growth
U.S. region revenues increased 38.5 percent year-over-year for the YTD 2024 period through September 30, due to the stabilization of the U.S. commercial market and the consolidation of revenues of the new acquisition Sellier & Bellot in May 2024.
