Coleman, Marmot Parent Sees Further Cuts in New Organizational Realignment
The majority of the plan’s costs are in the area of cash severance payments and other termination benefits. The company plans to reduce its office roles by approximately 7 percent, with most expected to be complete by the end of 2024.
Compass Diversified Promotes Three on Investment Team
The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, promoted investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.
NRF: Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
Inbound cargo volume at the nation’s major container ports should gradually decline during the first quarter of 2024 before increasing in the spring, according to the latest NRF report.
Helen of Troy Home & Outdoor Segment Posts Fiscal Q3 Growth
The segment, which includes OXO, Hydro Flask and Osprey, increased 3.1 percent to $235.9 million for the three-month period ended November 30, compared to $228.9 million in the prior-year corresponding period.
Solo Brands Names Chris Metz as CEO; Company Cuts Full-Year Guidance
Revenue is now expected to be between $490 million and $500 million. This compares to our previous guidance of $520 million to $540 million. New CEO Chris Metz was, most recently, CEO of Vista Outdoor.
Wolverine World Wide Expects 2023 Results In Line with Estimates
The company expects to deliver financial results in line with previous guidance and achieving better-than-anticipated year-end debt and inventory levels.
Outdoor Recreation Roundtable Names SVP of Communications & Operations
Whitney Potter Schwartz will reportedly oversee branding and communications, strategy, and events for ORR and support the development and operations goals through new partnerships to “elevate” the organization’s policy objectives for the outdoor economy at the national level.
EXEC: Active Lifestyle Stocks Miss Market Rally in 2023
The broader stock market saw a robust recovery in 2023 but the majority of stocks in the active lifestyle space underperformed, marked by declines by industry bellwethers including Nike, VF Corp. and Columbia Sportswear.
Clarus Ammo Business Sold to Owner of Savage Arms and Pure Archery
Clarus Corp. said in a regulatory filing that the entity acquiring Sierra and Barnes Bullets is Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company, the owner of Savage Arms and Pure Archery.
NSSF: December Adjusted NICS Background Checks Climb 1.6 Percent
The National Shooting Sports Foundation (NSSF) reported that the December 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) number increased by 1.6 percent, its third consecutive positive month. For the year, adjusted checks were down 3.5 percent.
Report: U.S. Holiday Online Sales Grow 4.9 Percent
Online spending in the U.S. during the 2023 holiday season climbed 4.9 percent to $222.1 billion in November and December, according to Adobe Analytics. Growth was reportedly driven by sizeable discounts across electronics, toys and apparel, as well as increased usage of the flexible ‘Buy Now Pay Later’ payment option.
Lazydays Promotes Dillard to VP Operations
Amber Dillard was promoted to VP of operations, effective immediately. The company said Dillard’s tenure began in 2011, “reflecting over a decade of commitment and service to the company.”
SGB 2023 Year in Review—Top 25 Most Read Articles
To say that 2023 was a challenging year for the active lifestyle retail market would be an understatement as brands, reps and retailers dealt with a variety of challenges and very few notable instances of positive news.
Riton Optics Appoints Marketing Director
Riton Optics hired Trent Marsh as marketing director. Marsh has almost 15 years of experience as a marketer in the shooting sports industry, having worked in the UTV, trail camera and optics categories.
Dead Air Silencers Promotes Tarantino to Head of Channel Development
Dead Air Silencers promoted Tony Tarantino to the newly created position of senior director of channel development, responsible for executing strategies and programs at the dealer and consumer levels to increase brand exposure.
