SGB Update Sportsmans
Sportsman’s Warehouse Posts Q1 Loss
John Schaefer, CEO, stated, “As expected, we saw continued softness in firearm demand during the first quarter as we anniversaried difficult compares post the San Bernardino shooting and executive orders that were issued at the beginning of 2016.”
Dick’s To Open Three Additional Stores In May
With the grand opening of new stores in Georgia and California, Dick’s will have 697 locations in the country.
Remington Outdoors Logs Steep Q1 Loss On Charges
Remington Outdoors reported sales declined 27.7 percent in the first quarter, to $157.6 million.
Garmin Acquires ActiveCaptain
Garmin Ltd. acquired Active Corporation, a developer of crowd-sourced rich content for boaters, marketed as ActiveCaptain.
Vista Outdoor Appoints Corporate Controller And Chief Accounting Officer
Kenny Bement most recently served as controller of reporting and governance for Alphabet, the parent company of Google.
Gander Mountain To Change Name
Gander Mountain plans to change its name to Gander Outdoors, according to a tweet from its new owner, Camping World CEO Marcus Lemonis.
Dick’s Sporting Goods Fixes $23 Million Accounting Error
Dick’s said it should have recorded non-cash impairment and store closing charges of $32.8 million in the fourth quarter. Instead, charges of only $9.4 million were recorded on the line item in its initial report.
Swanson Russell Promotes Five In Lincoln Office
The Nebraska-based marketing communications firm promoted Claire Abelbeck, Jack Christie, Emma Hulsey, Megan Woodard and Peter Worth.
Zanders Adds Steven Walsh To Sales Team
Zanders Sporting Goods, a national distributor located in Sparta, IL, has hired Steven Walsh as the newest addition to its sales team.
Dick’s Sporting Goods Shakes Up Leadership Team
Among other changes, André Hawaux, COO, is retiring while Lauren Hobart, formerly head of marketing, becomes president.
Keri Jones, formerly at Target, will join the company as EVP and chief merchant.
Canada Goose Opens Two International Flagship Stores
Continuing its global expansion, Canada Goose Holdings Inc. will open two flagship stores this fall, in London and Chicago. At the same time, the company announced the expansion of its e-commerce channel to seven European markets.
Vista Outdoor’s Q2 Earnings Tumble
Vista Outdoor Inc. reported a steep decline in profits in the second quarter ended March 31 due to an “unprecedented decline” in demand for firearms and ammunition and a number of restructuring initiatives. Revenues were down 5 percent.
Timberland Names VP, General Manager Of North America
Most recently, Tracy Smith served as president of U.S. operations for Geox, where he was responsible for managing the brand’s wholesale, retail and e-commerce businesses. Prior to Geox, Smith spent nearly 20 years at Cole Haan.
Sovereign Sportsman Partners With Arkansas Game And Fish Commission
Sovereign will oversee all associated harvest reporting, system administration, back office functionality and all internal reporting solutions.
Sturm, Ruger’s Q1 Revenues Slide 3.3 Percent
The estimated unit sell-through of the company’s products from the independent distributors to retailers decreased 7 percent in the first quarter of 2017 from the comparable prior year period.
