SGB Update Outdoor
Cytech Acquires Pasasport
Italian manufacturer of arm pads and inserts for cycling clothing, Cytech, reported it acquired a majority of shares in Pasaport, a manufacturer of gloves and accessories.
Thor Industries’ Profits Fall In First Quarter
Thor Industries, Inc. reported profits fell 43.8 percent in the first fiscal quarter ended October 31 on a 21.5 percent sales decline.
Smith & Wesson’s Q2 Revenues Decline 47.5 Percent
Smith & Wesson Brands, Inc. reported a significant decline in earnings year-over-year in the second quarter ended October 31 as sales dropped 47.5 percent and gross margins decreased.
PrairieFire Acquires Front Sight
PrairieFire completed its acquisition of Front Sight from Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court approved the plan to purchase the business on November 29, 2022, and the sale closed on December 2, 2022.
Nanuk/Plasticase Names VP Global Sales, Consumer Division
Nanuk/Plasticase, Inc., the manufacturer of waterproof protective cases, hired Kenny Ballard as VP of global sales, Consumer Division.
Icebreaker Names Senior Manager, U.S. Wholesale
Icebreaker hired Jamie Baker as senior manager of U.S. Wholesale, effective immediately.
Mustang Survival President Resigns
Jason Leggatt, president of Mustang Survival and Andrew Branagh, the CEO of The Wing Group, announced that Leggatt had resigned from his position. He will remain with the company as a member of its Board.
Sports Basement Opens Twelfth Store
Sports Basement reported it opened its newest store in Fountain Valley CA in the former Fry building. Sports Basement has eleven other locations in Northern California. The new store is the retailer’s first in Southern California.
Steve Rendle Retires As VF Corp.’s CEO
VF Corp. reported Chairman, President and CEO Steve Rendle is retiring. Benno Dorer, a lead independent director of the VF Board, was named interim president and CEO, effective immediately. VF also again lowered its revenue and earnings expectations for the second half of its fiscal year.
Camping World Opens RV Dealership In San Martin
Camping World Holdings Inc. opened a new RV dealership at its existing San Martin location in California.
Rossignol Group Opens Multi-Brand Mountain Sports Store In Quebec
The Rossignol Group opened a Start Gate concept store in Bromont, Quebec. The multi-brand, multi-season store is managed in partnership with Sports Bromont, one of the Group’s regional retail partners.
U.S. Consumer Confidence Drops To Lowest Level Since July
The Conference Board Consumer Confidence Index decreased in November after losing ground in October. The Index now stands at 100.2 (1985=100), down from 102.2 in October.
Streamlight Names Regional Sales Manager For Latin America
Streamlight, Inc. hired Daniel Rodriguez as regional sales manager for Latin America, working within the company’s International Division.
Wolverine’s Debt Ratings Outlook Downgraded To Negative
Moody’s Investors Service changed Wolverine World Wide, Inc.’s debt-ratings outlook to negative from stable. The change in outlook to negative from stable reflects the risk that leverage may remain elevated for a prolonged period given the more promotional retail environment, lower consumer discretionary spending, and unfavorable foreign currency trends.
Canyon Bicycles Names Chief Operations Officer
Canyon Bicycles hired Alison Jones as chief operations officer.
