SGB Update Sportsmans
Centric Software Appoints New CEO
A core brand of Dassault Systèmes, Centric Software promoted company president Fabrice Canonge to CEO. Canonge succeeds founder Chris Groves, who established the company in 2004, along with its flagship product, Centric PLM.
Columbia Sportswear Q3 Hit by Prana/Mountain Hardwear Charges; Provides Weak Q4 Guidance
The parent of the Columbia, Mountain Hardwear, Sorel and Prana brands reported earnings fell 42.4 percent in the third quarter, dragged down by a steep impairment charge tied to the Prana and Mountain Hardwear businesses. Sales in the quarter, as well as earnings excluding the charge, topped company guidance.
Safariland Parent to Acquire TYR Tactical
Cadre Holdings, Inc., the parent company of Safariland safety products, has agreed to acquire TYR Tactical, a manufacturer of tactical gear and equipment for military and law enforcement personnel.
Coats Completes Acquisition of OrthoLite
London-based Coats Group, a manufacturer of specialty threads and structural components for apparel and footwear, has completed its acquisition of U.S.-based footwear insole maker OrthoLite.
Marine Products Corp. Q3 Sales Climb 7 Percent
Marine Products Corp. reported sales grew 7 percent in the third quarter as pricing actions and a favorable product mix offset a slight decrease in the number of boats sold during the quarter. Profits declined due to R&D investments. Ben M. Palmer, president and CEO, said, “We are cautiously optimistic that we’ve reached a turning point in the industry as dealer inventory has adjusted to stabilizing demand.”
Malibu Boats’ Fiscal Q1 Sales See DD Jump
Malibu Boats, Inc. shaved its loss in the fiscal first quarter ended September 30 to $700,000 from $5.1 million as sales grew 13.5 percent. The top-line growth was boosted by increased unit volumes in the Malibu segment, a favorable model mix in its Cobalt segment and inflation-driven year-over-year price increases.
Escalade’s President & CEO Resigns After Just Seven Months
Escalade, Inc. reported that Armin Boehm, the company’s president and CEO, has resigned after joining the firm in April. Patrick Griffin, VP of Corporate Development and Investor Relations, has been appointed interim president and CEO, effective immediately.
Kontoor Brands Promotes Hegbom to Global Head of Helly Hansen
Kontoor Brands, Inc., the VF Corp. spin-off that is the parent of the Helly Hansen, Lee and Wrangler brands, has appointed Børre Hegbom as senior vice president and global head of Helly Hansen, effective immediately.
Camping World Shares Crater After Reporting a Correction to Prior Period Financial Statements
Used Vehicle revenue was $589.1 million for the third quarter, an increase of 31.7 percent year-over-year, while New Vehicle revenue was $766.8 million for the third quarter, a decrease of 7.0 percent year-over-year.
TerraSafe Promotes CTO, Former Nike Materials and Manufacturing Innovation Director, to CEO
Dr. Julie Crowe Willoughby she served as chief scientific and commercialization officer at Circ, where she scaled its textile-to-textile recycling technology from lab to semi-commercial production. She previously led materials and manufacturing innovation at Nike, served as faculty at NC State’s Wilson College of Textiles, and held senior R&D roles at Dow Corning.
Boot Barn Boosts Guidance on Q2 Beat, Increases Expansion Potential
Boot Barn Holdings, Inc. hiked its guidance for the year after reporting results for the fiscal second quarter ended September 27 that ran past targets with same-store sales jumping 8.4 percent. The retailer also increased its potential store count from 900 to 1,200 stores.
Primary Arms Appoints Director, Government Sales Operations
Primary Arms promoted Antonio Torres to director of government sales operations. In this role, Torres will oversee sales operations within the company’s government division, which supports law enforcement, military and public safety professionals.
Rocky Brands’ Q3 Profits Benefit from Higher Margins, Growth at Xtratuf
Rocky Brands, Inc. reported earnings on an adjusted basis grew 33.4 percent in the third quarter, boosted by healthy full-price selling, pricing actions and a 7 percent revenue gain. Revenue gains were led by Xtratuf, but solid performances were also seen by its other work and outdoor brands, including Georgia Boot, The Original Muck Boot Company and Rocky.
Los Cazadores to Open Newest Location in Granbury, Texas
the hunting and ranching outfitter that serves South Texas and the Hill Country, announced plans to open a new location in Granbury, TX, in 2026.
Amazon Plans To Cut 14,000 Corporate Jobs
Amazon plans to lay off as many as 30,000 employees across several divisions, nearly 10 percent of its corporate workforce, in its largest round of layoffs to date.
