Sig Sauer Acquires General Robotics
Sig Sauer announced the acquisition of General Robotics, the manufacturer of remote weapon stations and tactical robotics for manned and unmanned platforms and anti-drone applications.
Topgolf Callaway Brands Completes Debt Refinancing
Topgolf Callaway Brands Corp. completed a series of related transactions in support of a comprehensive plan to refinance its capital structure. Through these transactions, the company simplified and unified its financial reporting, extended its debt maturities, and improved liquidity.
Wolverine Worldwide Announces New Board Chairman And Directors
Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the Board’s lead independent director, will assume the role of Chairman on May 4. The company also elected three new board members—Stacia Andersen, Jodi Bricker and DeMonty Price.
361 Degrees Posts 17 Percent Revenues Growth In 2022
Hong Kong-based 361 Degrees International Ltd. reported earnings grew 24.2 percent in the year ended December 31 as sales expanded 17.3 percent.
Whing Golf Names National Sales Manager
Whing Golf hired Joseph De Peralta national sales manager in a newly-created position.
TuffStuff Fitness Acquired By Brooks Industrial Marketplace
TuffStuff Fitness International, Inc., the 52-year-old strength equipment manufacturer, was acquired by metals processing and fabrication specialist Brooks Industrial Marketplace.
America’s Outdoor Recreation Act Reintroduced In U.S. Congress
America’s Outdoor Recreation Act (AORA) was reintroduced in the 118th Congress with strong bipartisan support, and the Outdoor Recreation Roundtable and its members across the $862 billion outdoor recreation economy urge swift approval of this bill.
Shoe Carnival Names New CFO
Shoe Carnival, Inc. hired Erik Gast as executive vice president and chief financial officer, effective April 24. He replaces Kerry Jackson who is retiring after a 35-year career with the family footwear chain.
National Ski & Snowboard Retailers Association Selects New Board Leadership
The National Ski & Snowboard Retailers Association (NSSRA), at its Board of Directors meeting on March 9, appointed Tracy Gibbons of Sturtevant’s (Bellevue, WA) as Chair, Robb Shepherd of Shepherd & Schaller Sporting Goods (Wausau, WI) as vice chair and Jon Morrill of Kittery Trading Post (Kittery, ME) as secretary/treasurer.
Lands’ End Lands In The Red In Fourth Quarter
Lands’ End, Inc. reported a loss of $3.3 million in the fourth quarter ended January 27 as sales declined 4.6 percent and gross margins eroded 340 basis points due to promotional activity.
Fanatics Enters Into Partnership Deal With Royal Belgian Football Association
The Royal Belgian Football Association (RBFA) has entered into a long-term e-commerce and merchandising partnership with Fanatics to enhance the shopping experience for fans of the Belgium National Football Team.
Signa Sports Fiscal Q1 Sales Up 27 Percent But Margins Suffer From Inventory Woes
Signa Sports United N.V. reported that the operating environment in the first quarter of fiscal 2023 was a continuation of the prior quarter, with depressed consumer sentiment and a promotional overstocked market, in particular in the bike category.
Academy Sports Q4 Earnings Fly Past Wall Street Targets
Academy Sports and Outdoors Inc. reported earnings on an adjusted basis increased 12.5 percent in the fourth quarter ended January 28 as lower freight costs and overall operating expenses offset a 5.1 percent decline in same-store sales. EPS easily topped analysts’ consensus estimates while sales were below.
G-III Apparel Reports Q4 Loss On Goodwill Impairment Charges; Sales Grow Mid-Teens
G-III Apparel Group, Ltd. reported that net sales for the fourth quarter ended January 31 increased 14.2 percent to $854.4 million from $748.2 million in the prior-year quarter. The company reported a net loss of $261.1 million, or $5.54 per share, for the fourth quarter, compared to net income of $48.4 million, or 98 cents per diluted share, in the prior-year quarter.
DSW’s Parent Sees Q4 Comp Decline 5.5 Percent
Designer Brands, Inc., the parent of DSW, reported earnings on an adjusted basis declined 60 percent in the fourth quarter ended January 28 as same-store sales dropped 5.5 percent. Earnings still came ahead of analyst estimates and earnings and sales showed strong improvement overall in 2022.
