SGB Update Sportsmans
Former Polar President Joins Wüsthof
Tom Fowler, the former president of Polar Electro USA, has joined Wüsthof’s as president of the cutlery maker’s Americas business unit.
New Zealand Merino Company Launches 100 Percent Regenerative Wool Platform In Partnership With Allbirds, Icebreaker And Smartwool
The New Zealand Merino Company (NZM) and brands Allbirds, Icebreaker, and Smartwool announced they are working collectively with 167 sheep growers to create the first regenerative wool platform that represents 2.4 million acres in New Zealand to tackle the impact of the global fashion industry which is responsible for 10 percent of annual greenhouse gas emissions worldwide.
Shimano’s Earnings Climb In 2020
Shimano reported net income increased 22.5 percent in 2020 as sales grew 4.1 percent. The Japanese-based sporting goods company said the year benefited from “interest in bicycles and fishing that can avoid closed, crowded and close-contact environment boosted demand.”
AKTI Expands Anti-Counterfeiting Committee’s Role
The American Knife & Tool Institute (AKTI) recently expanded on its Anti-Counterfeiting Committee’s role to centralize how other industry concerns and issues are addressed for members, the knife industry and knife consumers within the nonprofit association.
GoPro Inc. Sees Net Loss Expand More Than Four-Fold in 2020 Fourth Quarter
GoPro, Inc. posted revenue of $358 million for the 2020 fourth quarter, representing a 32.3 percent decline from the prior-year quarter. The net loss was $67 million for the period compared to a net loss of $15 million in the prior-year period.
NSSF Adds Two Board Members
NSSF, the trade association for the firearm industry, has added Laurie Lipsey Aronson and Marvin C. (Marty) Daniel to its Board of Governors.
Vapor Trail Acquires Stokerized Solid Aiming Solutions
Vapor Trail has acquired Stokerized Solid Aiming Solutions, Inc. Vapor Trail purchased the company on February 2, 2021.
NICS Background Checks Surge 75 Percent In January
The FBI completed 2.05 million million gun background checks on an NSSF-adjusted basis in January, a surge of 75.2 percent compared to the January 2020 NSSF-adjusted NICS figure of 1.17 million.
Firearms Trade Expert Joins Orchid
Orchid announced the appointment of Michael Andersen to the position of director of regulatory services. In this capacity, Andersen will lead Orchid’s international trade practice and will fulfill client needs related to ATF compliance, import/export licensing and firearm e-commerce regulations.
Clarus Sees 23 Percent Q4 Revenue Gain
Clarus Corp said it expects sales in the fourth quarter of 2020 to be approximately $75.0 million, a 23 percent increase year-over-year and ahead of guidance. Excluding the acquisition of Barnes, sales grew 12 percent.
Pure Archery Hires Appalachian Territory Manager
Pure Archery Group hired industry veteran Todd Wade as territory manager for Pennsylvania, Maryland and Delaware.
Bass Pro And Johnny Morris Announce Amateur Fishing Tournament
Bass Pro Shops and founder Johnny Morris announced plans Monday for a national amateur bass fishing tournament to kick off the company’s 50th Anniversary celebration. The event will offer the largest cash prize of any freshwater fishing tournament to date.
Dunham’s To Open Store In Salina, KS
Dunham’s Sports is opening a store at the Central Mall in Salina, KS.
Vista Outdoor’s Debt Ratings Upgraded
Moody’s upgraded the debt ratings of Vista Outdoor Inc. because Vista repaid a significant amount of debt over the last two years. The rating agency also expects the company’s operating performance to remain strong over the next 12 to 18 months as ammunition demand remains robust and as the company continues to work through its material backlog.
Gunwerks Makes Hires
Gunwerks, based in Cody, WY, hired Ryan Chalupsky as product development director and Neal Emery as director of brand experience.
