SGB Update Outdoor
MLF/FLW Unify As One Brand
To further elevate the sport of tournament bass fishing and align multiple circuits as one company, Major League Fishing (MLF) announced its unification with Fishing League Worldwide (FLW) as one brand, transitioning all FLW brand assets to MLF.
Outdoor Foundation Appoints Managing Director
The Outdoor Foundation (OF), the philanthropic arm of Outdoor Industry Association (OIA), announced that Stephanie Maez, a longtime strategic policy advocate and nonprofit executive and a former state legislator from New Mexico (House District 21), has been named its new managing director.
DU/ER To Open Store In Denver
The Vancouver-based DU/ER announced plans to open its first international store in Denver, CO.
Dick’s SG To Eliminate Single-Use Plastic Bags By 2025
Dick’s Sporting Goods announced two major actions to help create a future free of single-use plastic bags: a commitment to remove all single-use point-of-sale plastic bags from its stores by 2025 and a partnership with Closed Loop Partners’ Center for the Circular Economy.
OBIT: Huf Founder Keith Hufnagel
Keith Hufnagel, the founder of Huf Worldwide and a skateboarding legend, has passed away at the age of 46 after battling cancer.
Timberland Hosts 23rd Annual Serv-a-Palooza
Timberland plans to host its 23rd annual Serv-a-Palooza, a company-wide community service event at which employee volunteers dedicate their time to address critical needs in their communities. This year’s Serv-a-palooza will be considerably different from last year’s as the brand has adapted the event to maximize employee safety during the COVID-19 pandemic.
Thor Industries’ Q4 Revenues Flat
Thor Industries Inc.reported earnings rose 29.4 percent in the fourth quarter ended July 31 on essentially flat sales. Bob Martin, CEO, said sales increased significantly in the fourth quarter “as we emerged from the COVID-19 induced production furlough that started in our third fiscal quarter.”
Le Bent Restructures U.S. Sales Organization
Le Bent announced a new U.S. sales structure. Denver-based Erika Gurnett will lead the effort as its newly appointed U.S. sales manager.
Implus Appoints New Chief Information Officer
Implus LLC, the owner of a wide range of athletic, fitness and outdoor accessories, appointed Gwen Moilanen-Kollar as chief information officer. She was at Bed Bath & Beyond.
Boating Community Applauds Legislation To Protect Small Businesses
The National Marine Manufacturers Association applauded the introduction of the Resources for Emergency Preparedness and Resilient Enterprises (PREPARE) Act.
Academy Sports’ Debt Ratings Upgraded By S&P
The debt ratings of Academy Sports + Outdoors Inc. were raised by S&P Global Ratings as the retailer recently announced continued growth in the second quarter ended July and filed for a potential IPO.
Vista Outdoor Named Successful Bidder In Remington Ammunition Acquisition
Vista Outdoor Inc. announced that it has been named a successful bidder in the auction process conducted in connection with Remington Outdoor Company, Inc.’s (ROC’s) Chapter 11 bankruptcy cases pending in the U.S. Bankruptcy Court for the Northern District of Alabama.
Clarus Raises $11.5 Million From Existing Investors
Clarus Corporation announced that it has entered into an agreement with three of its top 10 investors for the sale of 900,000 registered shares of the company’s common stock at $12.75 for total proceeds of approximately $11.5 million.
Johnson Outdoors Announces Cash Dividend Increase
David Johnson, CFO, said, “Johnson Outdoors’ balance sheet remains strong, and the dividend increase reflects our confidence in our business performance and strategic plans.”
Smith Integrates Customer-Service Team
Smith Optics incorporated its Consumer & Dealer Services division within its Portland-based headquarters. Joining the product, marketing and sales departments, the customer-facing support team integrates into the hub of the Smith brand.
