SGB Update Outdoor
Trove Appoints CEO
Trove, the specialist in re-commerce, announced that its President, Gayle Tait, has been promoted to CEO effective immediately. Andy Ruben, who has been CEO since he founded the company in 2011, will transition to executive chairman.
GSM Outdoors Names Brand Manager For GSM Fishing
GSM Outdoors announced the hiring of Wes Higgins as the newest brand manager for GSM Fishing.
Caza Outdoors Appoints GM And Sales Director
Caza Outdoors, LLC appointed industry veteran Phil Dalrymple as GM of Pnuma Outdoors and Heated Core. Rusty Smith, chief programs officer, was promoted to sales director for Pnuma Outdoors and Heated Core, of Caza Outdoors.
Boot Barn Sales Climbed 48 Percent
Boot Barn Holdings Inc. reported net earnings jumped 81.7 percent in the fiscal fourth quarter ended March 26 as sales grew 48.1 percent. The footwear retailer raised its store count potential to 900 stores from 500.
Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Yeti Lifts FY EPS Guidance After Q1 Tops Expectations
Yeti Inc. raised its 2022 EPS outlook after reporting first-quarter sales and earnings slightly ahead of Wall Street’s consensus estimate. Sales in the quarter ended April 2 rose 19 percent with gains of 24 percent in drinkware and 10 percent in coolers and equipment.
Scandinavian Outdoor Group Appoints Chairman
Isbjörn of Sweden founder and CEO Maria Frykman has been appointed chairman of the Scandinavian Outdoor Group (SOG). Frykman will take over from David Ekelund, CEO of Icebug AB, who has held the position since 2013. He is moving to a role within the European Outdoor Group (EOG).
Callaway Golf’s Q1 Sales Surge 60 Percent
Callaway Golf reported net revenues in the first quarter increased 59.6 percent to $1.04 billion. The gains were driven by the acquisition of Topgolf but also double-digit growth in its Golf Equipment business as well as Apparel, Gear and Other business. The company raised its guidance for earnings and sales for the year.
SA Consumer Product Announces Promotions
SA Consumer Products, the maker of gun safes and home and office safes, promoted Ben Lavallee to president, Sporting Goods Division; Matt Lyons to president, Safe Division; and Rich Glogovsky to senior vice president, Manufacturing and Engineering.
MDT Sporting Goods Acquires Long Range Arms
MDT Sporting Goods announced the acquisition of Long Range Arms (LRA), best known for its Send-iT series of electronic shooting levels and other products such as Palma sights.
U.S. Ports Set New Record For Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released by the National Retail Federation.
Obit: B.A.S.S. Founder Ray Scott, Father Of Modern Bass Fishing
Ray Scott, considered the Father of Modern Bass Fishing, passed away on May 8. He was was 88 years old.
Clarus’ Q1 Sales Climb 50 Percent On Acquisitions
Clarus Corporation reported sales jumped 50 percent in the first quarter, which ended March 31, largely due to the acquisitions of Rhino-Rack and MaxTrax. Sales on a proforma basis grew 6 percent. Sales of the Outdoor segment, led by Black Diamond, were impacted by logistics challenges.
Glacier Glove Acquired By Elvisridge Capital
Elvisridge Capital, based in Beachwood, OH, has acquired Glacier Outdoor, Inc. doing business as Glacier Glove. The terms of the transaction were not disclosed.
VanMoof Appoints President
VanMoof has hired Gillian Tans as president. She accepted the position effective immediately.
