SGB Update Sportsmans
Report: Nearly 8 of 10 Online Chargebacks Originate from Consumers, Not Fraud
Based on anonymized data obtained from Chargeflow’s merchant database, the company’s 2024 report found that 79.03 percent of chargeback cases result from friendly fraud, driving the need for businesses to adopt automated fraud detection solutions and educational initiatives.
Marine Products Corp. Sees Q4 Boat Unit Sales Sink 34 Percent
The parent of the Chaparral and Robalo boat brands said Q4 net sales came in at $70.9 million, down 35 percent from Q4 2022, primarily due to a 34 percent decrease in the number of boats sold during the quarter.
Report: Camper’s Preferences Could Mean More Business, New Employees
KOA created its 2023 Odds and Ends report to bring quirky and intriguing findings that showcase travel’s diversity and evolving nature. Many could mean more business for outdoor brands, retailers, campgrounds, and RV dealers.
Pard Optics Names 2023 Rep Group of the Year
“The Odle team has demonstrated professionalism, dedication and a focus that helped Pard enjoy significant market growth.the company.” —Derick Cole, VP Sales, Pard USA.
KV Capital Merges Two Powersports Brands Via Acquisition
The company anticipates merging the UTV Canada business with Mountain Sports Distribution, the full-service powersports distributor that joined the KV Capital Fund II portfolio in 2023. Financial terms were not disclosed.
Thor Industries Appoints Chief Human Resources Officer
Michele McDermott joins the company as chief human resources officer, reporting to Thor President and CEO Bob Martin.
Academy Sports and Outdoors Appoints Chief Supply Chain Officer
Rob Howell will join the company as SVP and chief supply chain officer in February 2024, reporting to President Sam Johnson. He will oversee supply chain operations, distribution centers, and domestic and international logistics.
Werner Riethmann Departs Active Management of Lowa
After more than 30 years, Werner Riethmann left active management of Lowa Sportschuh GmbH at the end of December 2023. He will remain with the Bavarian hiking and mountain boot specialist as a shareholder with a 20 percent share and in an advisory capacity.
Duluth Trading Appoints New CFO
Heena Agrawal will assume the role of SVP and CFO, effective February 12, 2024.
Zamberlan Bolsters Sales Team for Southeast and South Central U.S.
“We’re thrilled to have Odle represent us in a new territory and to new customers,” —Bob Whip, General Manager, Zamberlan USA.
EXPLORE Act Passes Out of Committee, Heads to House Vote
ORR and its members celebrated the milestone and is urging swift passage of the EXPLORE Act through the full House and Senate, for the benefit of public lands, waters, and the communities that thrive because of them.
L.L.Bean Set to Open Eighth New York Store in Spring
The retailer’s first new store of 2024 will open in Kingston, NY, in March/April.
Sig Sauer Expands Operations in United Kingdom
The company tapped Accuracy International Limited to expand its business operations of Sig Sauer in support of the British Armed Forces and law enforcement customers within the UK.
American Pride Outdoors Acquires Half Rack
With this acquisition, American Pride Outdoors said it “aims to expand its offerings and provide a wider range of products to hunters around the world.”
BRP, Inc. Amends, Extends Term Loan Facility
The parent of the Ski-Doo, Sea-Doo and Lynx power sports brands successfully amended and extended a substantial portion of its term loan facility, effectively extending U.S. $1,000 million of debt maturities from 2027 to 2031.
