SGB Update Outdoor
FSSC Hires U.S. Rockies Sales Lead
Faction Skis and FW Apparel parent Full Stack Supply Co. (FSSC) appointed Halsey Landon as U.S. Rockies sales lead effective immediately.
Pocket Outdoor Media Acquires Big Stone Publishing
Pocket Outdoor Media (POM) announced the acquisition of Big Stone Publishing (BSP), the publisher of Rock & Ice, Trail Runner, and Gym Climber magazines.
Benchmade Knives Names CEO and President
Benchmade Knives announced that its current President, Jon deAsis, has assumed the role as President & CEO effective immediately, replacing Roberta deAsis who filled the role after the sudden passing of her husband and founder, Les deAsis.
Fiocchi Acquires Ammo Maker Baschieri & Pellagri
Fiocchi announced the acquisition of shotgun ammunition manufacturer Baschieri & Pellagri.
L.L.Bean Expands Wholesale Push To Zappos
L.L.Bean has added Zappos as a wholesale partner. In mid-July, L.L.Bean marked its first foray into wholesale in the U.S. with distribution deals formed with Nordstrom, Staples and Scheels.
Picture Opens Pop-up Shop In SEED People’s Market
Picture, announce a pop-up shop in the SEED People’s Market located in Costa Mesa, CA running from October through December 2020.
Alterra Mountain Company Announces Leadership Changes, Creates New Company Divisions
Alterra Mountain Company CEO, Rusty Gregory, has announced leadership promotions and organizational changes.
Hydro Flask Returns To Growth In Second Quarter
Helen of Troy Limited reported sales in its Housewares segment, which includes Hydro Flask and OXO, increased 20.3 percent in the second quarter ended August 31 to $167.9 million. The gains primarily reflected higher demand for OXO brand products as consumers spent more time at home cooking, cleaning, organizing and pantry loading in response to COVID-19 and an increase in online sales for both OXO and Hydro Flask.
Dick’s SG To Increase Holiday Hires
Dick’s Sporting Goods plans to hire up to 9,000 holiday workers, 1,000 more than last year to support expected continued strength in online orders for curbside or in-store pickups amid the pandemic.
Jenson USA Makes Marketing And Merchandising Hires
Jenson USA has appointed two new VP leadership roles – Steve Domingues as VP of merchandising and Michael Ladinig as VP of marketing and brand.
Academy Sports’ Debt Ratings Upgraded
Academy Sports’ debt ratings was upgraded by Moody’s due to its October 2 initial public offering and better than anticipated Q220 operating performance.
Vista Outdoor’s Debt Ratings Outlook Raised To Positive
Moody’s Investors Service changed the rating outlook for Vista Outdoor Inc. to positive from negative due to the company’s improved EBITDA margin following the completion of on-going restructuring efforts and the company’s demonstrated commitment to debt and leverage reduction.
Olin Corp. Takes Impairment Charge
Olin Corporation, the parent of Winchester, announced that its financial results for the third quarter ended September 30, 2020 are expected to include a non-cash pretax impairment charge related to goodwill of approximately $700 million. The goodwill impairment charge is primarily the result of the sustained lower Olin stock price during 2020.
MEC Sale Gains Court Approval
A court in British Columbia approved the sale of MEC (Mountain Equipment Co-op) to Kingswood Capital Management, a California-based private-equity firm over calls by a group protesting the sale.
Grassroots Outdoor Alliance Confirms Fall Show Dates
Grassroots Outdoor Alliance has confirmed fall show dates for its Connect buying show through 2024. Upcoming fall shows for Grassroots Connect will be held in the Kansas City Convention Center with confirmed dates including November 8-11, 2021; November 7-10, 2022; November 6-9, 2023; and November 14-17, 2024.
