SGB Update Sportsmans
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.
GOB Sales Start At Gander Mountain
Inventory liquidation sales are now under way at all Gander Mountain store locations. As reported, Camping World has agreed to acquire a minimum of 17 stores and expects to reopen locations following the liquidations.
Academy Sports Launches “For All. For Less” Campaign
The three 30-second broadcast spots are rooted in the idea that the joy of sports and the outdoors should be accessible to everyone.
Cabela’s Q1 Same-Store Sales Fall 8.9 Percent
Cabela’s reported first-quarter earnings decreased 16.7 percent as consolidated comparable store sales decreased 8.9 percent.
Winchester’s Sales Slide 11.5 Percent
Olin Corporation reported Winchester sales for the first quarter were $162.6 million compared to $183.7 million in the first quarter of 2016
CODI’s Cash Flow Expands In Q1
Compass Diversified Holdings (CODI) reported cash flow grew in the first quarter due to year-over-year earnings growth in the company’s Clean Earth, Sterno Products, ERGObaby and 5.11 businesses, offset by declines at the company’s other businesses, including Liberty Safe.
Bogs Sales Drop Double-Digits In Q1
Bogs’ first-quarter net sales were down 21 percent, reflecting the continued softness in the outdoor and better footwear channels.
