SGB Update Sportsmans
Wolverine Worldwide Business Continues to Shrink in Q1 While Turnaround Progresses
Revenue for the ongoing business fell nearly 25 percent in Q1, The parent of the Merrell, Saucony, Wolverine and Sweaty Betty brands said it is beginning to see proof points emerge as early validation of its strategy and execution on its turnaround and transformation plan.
ZeroTech International Hires Digital Marketing Manager
Chris Woodrow joined ZeroTech, the parent of ZeroTech Optics and the manufacturer of Lightforce, Nightforce, APRS, and Force Ordnance, as digital marketing manager.
Wolverine Worldwide Names New CFO
Taryn Miller was appointed as the company’s chief financial officer. She will succeed Michael D. Stornant, who is retiring after nearly 30 years with the company.
Sturm, Ruger Cuts Jobs to Right-Size Business as Profits and Sales Decline
Accrued severances of $1.5 million related to a reduction in force that involved about 80 employees.are expected to be settled in cash and consist of one-time termination charges arising from severance obligations and other customary employee benefit payments.
GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent
Revenue from the retail channel was up 33 percent year-over-year, while GoPro.com revenue, including subscription and service revenue, was down 48 percent year-over-year.
Rapala VMC Mourns Passing of Long-Time CEO and Former Chair Jorma Kasslin
Jorma Kasslin reportedly died suddenly after a brief illness on April 14. Kasslin was 70 years old and had been a member of Rapala VMC’s Board since 1998, serving as chairman from 2016 to 2018 and as president and CEO from 1998 to 2016.
Report: First Quarter Results Show Economy is Slowing but “Remains Resilient”
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, according to recent comments from National Retail Federation (NRF) Chief Economist Jack Kleinhenz.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Recall: Arctic Cat Snowmobiles
Arctic Cat has received more than 200 reports of clutch failures, including six where clutch fragments hit consumers. Four of those included reports of minor foot and toe injuries.
Czechoslovak Group Names CEO of CSG USA
Paul Lemke is responsible for identifying opportunities for growth and innovation and for developing strategic trade relationships with key business segments, including the U.S. Armed Forces, law enforcement and other government agencies.
Kent Outdoors Hires Chief Supply Chain Officer
Dave D’Angelo brings over 25 years of experience in manufacturing, global operations and supply chain optimization to the company.
ZeroTech Optics Appoints Lead for International Sales
Before ZeroTech, James Head worked at Lightforce Group, the distributor of Nightforce in Australia, where he “significantly contributed to the expansion and success of the brand’s market reach.”
NSSF: April Adjusted NICS Background Checks Decline 11.2 Percent
For comparison, the unadjusted April 2024 FBI NICS figure of 2,240,434 reflects a 14.4 percent decrease from the unadjusted FBI NICS figure of 2,616,729 in April 2023.
Vista Outdoor Divests RCBS from Revelyst Outdoor Segment
RCBS manufactures ammunition reloading equipment for hunters, competition shooters and sporting enthusiasts. Through this transaction, Revelyst reported that it “found the right home for RCBS with Hodgdon.
Johnson Outdoors Profits Shrink on Mid-Teens Decline in Fiscal Q2 Sales
More than half of Camping’s decline was said to be due to the divestiture of the company’s Military and Commercial Tents (Eureka!) business last year and Diving sales were impacted by geopolitical issues affecting travel to certain regions of the world.
