Vista Outdoor Facing Possible Debt-Ratings Downgrade
S&P Global Ratings placed the debt ratings on CreditWatch with negative implications due to the potential spin-off of its Outdoor Products business.
Pro Athletes Join In Ownership Of Honey Stinger
Honey Stinger reported that ten professional athletes had joined in ownership of the company and its principal investor, Factory LLC, as part of a $15 million raise facilitated by Chaos Ventures.
SportChek’s Sales Dip In Third Quarter
Canadian Tire Inc. reported SportChek’s retail sales were down 1.5 percent in the third quarter with comparable sales down 1.0 percent over the same period last year.
Wolverine World Wide Re-Aligns Brand Structure, Leadership
Wolverine World Wide, Inc. is reorganizing its brand group structure into the Active, Work, and Lifestyle Groups and appointed new leadership for each group.
Ammo Manufacturer Sees Exit Of Board Member
Scott Ferguson, managing partner of Sachem Head Capital Management, has resigned from the Olin Corporation Board of Directors.
OS1st Appoints SVP Business Development
OS1st hired industry veteran Chris Bevin as the brand’s SVP of business development.
TUT Fitness Group Expands Strategic Advisory Board
TUT Fitness Group Inc. added Ron Lynch, former creative strategist for Go Pro, Samsung and J&J, and Eric Petersen, former SVP of global brand and community at Lululemon, as sales and marketing executive advisors to its strategic advisory board.
Golftec Opens Location Outside Richmond
Golftec announced the opening of an instruction and club fitting center in Midlothian, VA at 11615 Midlothian Turnpike, Midlothian, VA 23113.
BEA Report Confirms Strong Recovery For Outdoor Recreation Industry
Inflation-adjusted GDP for the outdoor recreation economy increased 18.9 percent in 2021, compared with a 5.9 percent increase for the overall U.S. economy, reflecting a rebound in outdoor recreation after the decrease of 21.6 percent in 2020, according to new analysis released by the U.S. Bureau of Economic Analysis (BEA).
Buck Knives Hires VP Of Sales
Buck Knives, Inc. said Mark Reasoner had joined the company as vice president of sales. Most recently, he was VP of sales at American Outdoor Brands.
Peak Ski Names Senior Director, Product Development And Innovation
Peak Ski Company announced that venerated big mountain skier Michelle Parker has joined the company’s leadership team as senior director of product development & innovation.
Arena Names Global Marketing And Trade Marketing Director
Arena, the Italian swim specialist, hired Kamila Pilwein as global marketing & trade marketing director. She was EMEA head of channel marketing for Boardriders.
Yeti’s Sales Climb 20 Percent In Third Quarter
Yeti Holdings, Inc. reported earnings on an adjusted basis were down slightly in the third quarter ended October 1 but topped analyst targets. Sales growth of 20 percent, led by wholesale, also topped estimates and the company maintained and narrowed its outlook for the year.
Solo Brands’ Q3 Revenues Vault 47 Percent
Solo Brands Inc. shrunk its loss in the third quarter ended September 30 as sales jumped 47 percent. The parent of Solo Stove lowered its sales guidance for the year but kept its outlook for gross margin and EBITDA margin.
Mizuno Shows Strong Gains In Fiscal Half
Mizuno Corp reported net profits grew 50.1 percent on a 16.6 percent revenue gain in the fiscal six months ended September 30. Sales were up 26.6 percent in the second quarter.
