Vista Outdoor’s Revenues Decline 13 Percent in Fiscal Second Quarter
Vista Outdoor, Inc. reported sales dropped 13 percent in the fiscal second quarter ended September 24 with declines of 19 percent in its Sporting Products segment and 6 percent in its Outdoor Products segment. Earnings and sales results were in line with updated guidance given on October 16.
St. Croix Fly Adds Industry Vet as Southeast Sales Rep
The fly rod company hired Chase Pritchett as a sales rep for the Southeast U.S., covering Alabama, Georgia, Florida, South Carolina, North Carolina, and Tennessee.
Salvo Technologies Hires President of Salvo Sports Division
Most recently, Keith Enlow was president of Sierra Bullets and Barnes Bullets and Ammunition. Before that, he was the CEO for the U.S. Olympic and Paralympic Shooting teams. He has served in prior senior leadership roles at Remington Ammunition.
Primary Arms Promotes Cumberland and Whatley to New Roles
The company promoted Özge Cumberland to chief business development officer and Aaron Whatley to VP of merchandising.
U.S. Consumer Confidence Drops for Third Consecutive Month
The Conference Board said its consumer confidence index fell to 102.6 in October from an upwardly revised 104.3 in September. Economists polled by Reuters had forecast the index slipping to 100.0 from the previously reported 103.0
EXEC: Fenix Outdoor Had a Great Q3 – Then September Arrived
The parent company of the Fjällräven, Royal Robbins, Hanwag and Tierra brands said Q3 started well, with “nice growth” in its Retail businesses; the Brands and Wholesale businesses had recovered and direct orders increased in the period. Then September’s heat hit.
Former Academy Sports CEO Joins Guitar Center as Chairman
Guitar Center Holdings, Inc. appointed Ken Hicks, executive chairman of Academy Sports and Outdoors and former CEO, as Board Chair. Guitar Center also named Gabriel Dalporto its new CEO and rehired Tim Martin as CFO.
Canadian Tire Exploring Alternatives for Financial Services Business
Canadian Tire Corp. said it bought back Scotiabank’s 20 percent stake in its financial services arm in a cash transaction valued at C$895 million ($647.14 mm) and is reviewing alternatives for its financial services arm. The moves were made in part to better support its loyalty program.
The Conservation Alliance Appoints Interim Executive Director
The Conservation Alliance appointed active outdoor industry veteran Joe Craig as interim executive director. He previously served on the Conservation Board of Directors from 2015 to 2022.
Newport Vessels Appoints New Head of Product Development
Newport Vessels, a clean electric technology brand in the boating and angling industry, hired Jason Kardas as head of product development. Kardas had previously worked for Hobie for over 23 years.
Acme Tackle Expands Portfolio with Moonshine Lures Acquisition
Acme Tackle Company, made by Hard and Soft Fishing and the makers of Acme, Kalin’s, Beaver Dam, Reef Runner, Uncle Josh, Atom and Bead, acquired Moonshine Lures, LLC of Perkins, MI.
Walmart Celebrates “Re-Grand Opening” of 117 Remodeled U.S. Stores
The re-grand opening project represents over a half a billion dollars in capital investments in local communities across 30 states.
Rugged Road Retains Outtech Sales Services
Rugged Road, makers of coolers and related accessories based in Aurora, OH, hired Outtech Sales Services to represent the brand nationwide.
Report: Decathlon Explores Sales of Minority Stake in China Business
Decathlon SA is working with advisors to explore the sale of a minority stake in its China business, sources told Bloomberg. The report indicated that the French retailer seeks a strategic partner to drive regional expansion.
Garmin Distributor for India Expands Category Representation
Under the new agreement, Amit India will add Garmin fitness, outdoor recreation and consumer automotive products to its existing lineup of Garmin marine products that it began distributing in 2017.
