SGB Sportsmans

Johnson Outdoors Sees Q4 Revenues Halved as Fishing Sinks

Consolidated net sales in fiscal Q4 were $96.3 million, a $100.1 million decrease from the prior-year Q4 sales of $196.4 million. The net loss for the quarter was $16.0 million, or a loss of $1.56 a share, compared to net income of $9.7 million, or EPS of 95 cents a share in the fiscal 2022 fourth quarter.

Adventure Wagon Introduces Gear Shop and Ox Box

The builder of modular camper vans, launched a gear shop for outfitting vehicles, including branded apparel to sleep systems, camping gear, power options, and storage solutions, and released its stackable Ox boxes for outdoor adventures. 

Smith & Wesson Brands Sees Q2 Profits Shrink on Weak Margins

Smith & Wesson Brands, Inc. posted net sales of $125.0 million in the fiscal second quarter, an increase of 3.2 percent year-over-year. Gross margin continues to be temporarily pressured by fixed-cost absorption, inflationary factors, and inventory reserve adjustments.

EXEC: Sports Direct Gets Fiscal H1 Boost from New Brands

Frasers Group reported retail revenue increased 4.0 percent in the first half ended October 29 to £2.69 billion ($3.4 bn), helped by a “strong underlying performance” from Sports Direct due in part to the addition of new brands, including On Running, The North Face, Columbia Sportswear and Salomon.

Winchester Launches Pet Products Line

Winchester Ammunition, a subsidiary of Olin Corp., introduced a line of pet products, the Winchester Signature series, and a brand called King Buck for U.S. consumers.

Tanger Acquires First Open-Air Lifestyle Center

Tanger acquired Bridge Street Town Centre in Huntsville, AL for $193.5 million using cash on hand and available liquidity. Management expects the center to deliver a first-year return in the mid-eight percent range, with potential for additional growth over time.

EXEC: Stifel Survey Finds Consumers Prioritize Price/Value Over Sustainability

The survey, which was conducted in partnership with Morning Consult, surveyed active/causal lifestyle brand consumers ages 18 to 55 based in the U.S., UK, Germany, France, and Italy. It found that only one-third of respondents “Highly Prioritize” sustainability when making purchasing decisions, compared to other factors like “Good Value” (68 percent) and “Low Price” (57 percent).

Watchtower Firearms Hires Indie Sales Rep Agency

Veteran-owned firearm manufacturing company Watchtower, based in Spring, TX, has appointed independent sales rep agency Lou Leamont Sales & Marketing to handle sales on the East and West coasts, effective immediately.