SGB Update Sportsmans
Lew’s Acquires Strike King Lure
Lew’s Holdings Corporation, a portfolio company of Peak Rock Capital, has acquired Strike King Lure Company, a leading supplier of branded fishing lures, sunglasses, and other fishing accessories.
Simms Appoints Casey Sheahan As CEO
Simms Fishing Products, the manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced the appointment of Casey Sheahan, seasoned outdoor industry veteran, to chief executive officer.
Wolverine Worldwide Completes Portfolio Management Initiatives
Wolverine World Wide Inc. announced the completion of its comprehensive portfolio management initiatives that were executed and expected to be completed during fiscal 2017, including the closures of underperforming stores, sale of the Sebago brand and licensing of the Stride Rite brand.
Pradco Acquires War Eagle Custom Lures
Pradco Outdoor Brands, a manufacturer and marketer of fishing and hunting brands and products, has acquired War Eagle Custom Lures, formerly of Rogers, AK.
Escalade’s Q3 Revenues Improve 8 Percent
Escalade Inc. reported sales for the third quarter of 2017 were $41.9 million compared to net sales of $38.8 million for the same quarter in 2016, an increase of $3.1 million or 8 percent.
Two Under Armour Execs Leaving Company
Under Armour confirmed that Andy Donkin, its chief marketing officer, and Pamela Catlett, senior vice president and general manager of women’s and youth categories, will exit the company at the end of the month.
Sturm, Ruger’s Q3 Revenues Drop 35 Percent
Sturm, Ruger & Company Inc. reported earnings fell 52.8 percent in the third quarter as sales slid 35.1 percent.
Big 5’s Earnings Drop On Firearms And Broader Retail Weakness
Big 5 Sporting Goods reported third-quarter earnings declined 26.8 percent but arrived at the high end of guidance. The retailer continues to be impacted by reduced demand for firearms and had already warned it would face challenges cycling some of the benefit from competitor store closures that occurred last year.
Winchester’s Sale Slide
Olin Corporation reported Winchester sales for the third quarter 2017 were $183.8 million compared to $203.2 million in the third quarter 2016, a decline of 9.4 percent.
Under Armour Again Cuts Guidance On North American Weakness
Under Armour slashed its sales and profit outlook for the year due to “lower North American demand and operational challenges.” Sales in the second quarter also fell short of Wall Street’s targets.
Big Rock Sports To Open Reno Distribution Center
Big Rock Sports, LLC announced plans to open a brand-new 100,000-square-foot distribution center later this year in Reno, NV to serve their Western U.S. customers.
UPS Forecasts Another Record-Breaking Holiday Shipping Season
UPS plans to deliver more than 750 million packages globally in the 25 days between Thanksgiving and New Year’s Eve. The record-breaking seasonal global delivery volume is approximately 5 percent above last year’s holiday peak shipping season volume.
NRF: Holiday Sales To Rise 3.4 Percent
Consumers will spend an average $967.13 during the holiday season this year, according to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation. That’s up 3.4 percent from the $935.58 consumers said they would spend when surveyed at the same time last year.
Garmin Acquires Navionics
Garmin Ltd. has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry.
Remington Outdoor Company Appoints CEO
Remington Outdoor Company said its Board of Directors has unanimously elected Anthony Acitelli Chief Executive Officer (CEO) and to the Board of Directors.
