SGB Update Outdoor

Black Diamond Parent Company Q4 Sales Drop 12 Percent On Inventory Overhang

Clarus Corp. reported sales dropped 11.8 percent in the fourth quarter, dragged down by inventory destocking trends at Black Diamond’s key North American retail accounts. Sales grew 10 percent at its Precision Sports segment (Sierra and Barnes). Results were basically in line with guidance. For 2023, the company is forecasting a 6 percent decline.

Retail Giant Pou Sheng Sees Sharp 2022 Profit Decline On Pandemic Woes

Pou Sheng International (Holdings) Limited warned that it expects to record a 20 percent decline in revenues to approximately RMB18.6 billion for the year ended December 31. The resulting profit is attributable to owners of the Chinese mega-retailer and is forecasted to fall approximately 75 percent to approximately RMB89 million for the year compared to the 2021 financial year.

Velo Cyclery Names President And CEO

Velo Cyclery, an online retailer of cycling equipment and accessories headed by investment management firm Sterling Partners, comprised of Planet Cyclery and Colorado Cyclist, hired Paul McAfee as president and CEO.

West Marine Seeks Additional Funding From Owner

West Marine, Inc. is in talks to secure additional funding from L Catterton, its owner, as it faces pressure from its lenders over its term loan, according to Bloomberg Law.

Dillard’s, Inc. Declares Cash Dividend

The Dillard’s, Inc,’s board of directors declared a cash dividend of 20 cents per share on the Class A and Class B Common Stock of the company.

Fox Factory Sees Q4 Sales Dip In Specialty Sports Group Segment

Fox Factory Holding Corp. reported sales grew 19.4 percent in the fourth quarter ended December 30 as a gain of a 38.5 percent increase in its Powered Vehicles Group segment offset a 1.9 percent decrease in sales in Specialty Sports Group bicycle components segment. The weakness in the Specialty Sports Group was attributed to a return to seasonality.

NSGA Hall of Famer, Augie Nieto, Passes Away

Augie Nieto was one of the most successful innovators in the fitness industry who turned his efforts toward finding a cure for ALS after he was diagnosed with the disease 18 years ago. Nieto, a 2008 Sporting Goods Industry Hall of Fame inductee, passed away on February 22.

Rocky Brands Sees Lower Q4 Sales On Weaker Wholesale Business

Rocky Brands, Inc. reported that fourth quarter net sales decreased 18.0 percent to $138.9 million, compared with $169.5 million in the fourth quarter of 2021. Wholesale segment sales for the fourth quarter decreased 26.6 percent to $98.9 million.