SGB Update Outdoor
Vista To Split Into Separate Outdoor And Sporting Companies
Vista Outdoor, Inc. announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. Following separation, Chris Metz will be appointed CEO of Outdoor Products while Jason Vanderbrink will be appointed CEO of Sporting Products.
Sturm, Ruger’s Q1 Sales Drop 10 Percent
Sturm, Ruger & Company Inc. reported earnings declined 20.8 percent in the first quarter as sales were down 9.7 percent. The decline was attributed to decreased consumer demand for firearms from the “unprecedented levels of the surge that began in 2020 and remained for most of 2021.”
Veteran Sales Agencies Form Sierra Outdoor Collective
Level8Sales merged its sales rep agency with Pacific Crest Trading and Endless Adventure Sales to form the Sierra Outdoor Collective serving the Southwest region.
Carhartt Opens First Retail Store In Nashville
Carhartt has opened a retail storefront located at 5019 Broadway Place, Space A-1075 in Nashville, TN. The 4,000-square-foot space features Carhartt-branded products for men, women and kids, including footwear and accessories.
Boot Barn To Open First Store In New Jersey
Boot Barn has signed a lease on a 14,354-square-foot store at Union Lake Crossing in Millville, NJ.
NICS Firearms Background Checks Slide In April
The April 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) slipped 19.7 percent to 1.36 million compared to the April 2021 NSSF-adjusted NICS figure of 1.69 million.
Helen Of Troy Adds Two Board Members
Helen of Troy, Ltd. announced the appointment of Tabata Gomez and Elena Otero to its Board of Directors, effective May 3, 2022.
Camping World’s Q1 Sales Climb 7 Percent
Camping World Holdings, Inc. reported earnings were down in the first quarter ended March 31 but represented the second strongest first-quarter earnings in the company’s history. Sales grew 6.7 percent.
Rocky Brands Sees Sales Nearly Double In First Quarter
Profits at Rocky Brands, Inc. grew 63.4 percent for its first quarter ended March 3 on a 90.5 percent revenue gain. The sales gains were boosted by the acquisition of Muck Boot, Xtratuf, Servus, Neos, and Ranger brands.
Weyco Racks Up Record Sales In First Quarter
Weyco Group Inc. reported consolidated net sales in the first quarter ended March 31 were a first-quarter record of $81.4 million for the period compared to $46.9 million in 2021.
Big 5’s Q1 Profits Top Guidance
Big 5 Sporting Goods Corp. reported same-store sales were down 11.4 percent for the first quarter ended April 3 and flat compared to the pre-pandemic first quarter of fiscal 2019. Earnings were also down against year-ago record results but exceeded guidance.
Patagonia, The North Face, Levi Strauss Top Circular Fashion Index
Patagonia, The North Face and Levi’s are the brands most committed to fashion circularity, according to management consulting firm Kearney’s 2022 The Circular Fashion Index.
GSM Outdoors Acquires Bill Lewis Lures
GSM Outdoors announced the acquisition of the Bill Lewis Rat-L-Trap brand of lures.
Eddie Bauer Appoints Creative Director
Eddie Bauer appointed Christopher Bevans as creative director. A member of CFDA he was recognized for his work with DYNE, earned the 2017 Woolmark Innovation Prize, was named a 2017 CFDA/Vogue Fashion Fund finalist, he was also a senior creative lead at Shopify.
ICSC Survey Highlights Ongoing Importance Of Small Business
International Council of Shopping Centers (ICSC) released the results of its Small Business Consumer Survey that found that 94 percent of adults either shop, spend or use the services of small businesses. Over half of consumers, 54 percent, shop at small businesses at least once a week, and 42 percent frequent small businesses more frequently than before the pandemic.
