SGB Update Sportsmans
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.
Columbia Sportswear’s Q3 Tops Estimates
Columbia Sportswear’s third-quarter earnings improved 5 percent on flat revenues. Sales were boosted by its European wholesale and U.S. direct-to-consumer businesses. Improved operating profitability outside the U.S. supported earnings gains.
Rocky Brands’ Q3 Profits Vault On Meatier Margins
Rocky Brands Inc. reported sales dipped 11.6 percent in the third quarter due to factory disruptions from Hurricanes Maria and Irma as well as “modest shortfalls” for all its brands, but earnings improved significantly on higher margins.
Camping World Plans Secondary Offering
Camping World Holdings Inc. announced a proposed secondary offering of 6.7 million shares of its Class A common stock by certain selling stockholders of Camping World, which includes 6 million shares offered by certain affiliates of Crestview Advisors LLC and 700,000 shares by CWGS Holding LLC, a wholly owned subsidiary of ML Acquisition Company LLC.
Boot Barn Supporting Troops With Socks For Soldiers Event
Boot Barn Holdings Inc. is partnering with Operation: Care and Comfort to support active military troops serving overseas with a nationwide “Socks for Soldiers” event.
Winners Announced For NASGW Leadership Awards
The National Association of Sporting Goods Wholesalers (NASGW), the association representing shooting sports wholesalers, manufacturers, and their trade partners, announced the winners of their annual Leadership and Caliber Awards last night at the NASGW Expo Awards Dinner.
