SGB Update

Pure Fishing Acquires Svendsen Sport

Pure Fishing Inc., announced the acquisition of Svendsen Sport, a supplier of fishing tackle in Europe and owner of the Savage Gear, Prologic, MadCat, WaterWolf, and DAM brands.

HanesBrands’ Q4 Growth Led By Champion, Raises 2024 Full Potential Financial Targets

HanesBrands Inc. reported earnings rose 5.4 in the fourth quarter. Sales grew 4 percent and gained 9 percent on a constant currency basis excluding PPE and 53rd-week sales in 2020. Sales and EPS were in line with Wall Street targets. Global Champion brand sales increased 10 percent over the prior year and 25 percent over fourth- quarter 2019.  HanesBrands raised its 2024 Full Potential financial targets.

Vista Outdoor Hikes Outlook Following Robust Third-Quarter Results

Vista Outdoor Inc. again raised its full-year guidance after reporting earnings surged 104 percent in the third quarter ended December 26 on a 38 percent revenue gain. Results topped Wall Street’s consensus targets. Sales vaulted 60 percent in the Sporting Products segment and gained 17 percent in the Outdoor Products segment.

The Buckle’s January Comps Grow 4 Percent

The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 29, 2022 increased 4.2 percent from comparable store net sales for the 4-week period ended January 30, 2021.

Foot Locker Appoints New Board Member

Foot Locker, Inc. announced that its Board of Directors has elected Virginia C. Drosos as a director of the Board. Drosos is currently chief executive officer of Signet Jewelers.

Ruffwear Names New President

Ruffwear announced that Will Blount, who has served as president of Ruffwear for 20 years, will step down and Brandan Hill, former head of product development will assume the role of in-coming president.

U.S. Ski & Snowboard Names New CMO

U.S. Ski & Snowboard announced the appointment of Guy Slattery as the organization’s new chief marketing officer. Slattery was CMO at Vice Media.

Withings Acquires 8fit

Withings announced the acquisition of 8fit, the health, fitness and wellness app.

Hyperice Appoints CFO

Hyperice announced that Sung Kim has been appointed chief financial officer (CFO). He was at The Honest Company.

Woom Bikes Appoints New Global CEO

Woom Bikes appointed Woom USA founder, Mathias Ihlenfeld, as the kids’ bike brand’s global CEO. The company’s founders, Marcus Ihlenfeld and Christian Bezdeka are stepping back from day-to-day operations but remain shareholders in the company.