SGB Update Sportsmans
Iron Valley Supply Promotes Wells to Senior Merchandiser/Business Analyst
Cary Wells joined Iron Valley Supply as a merchandiser in May 2022, where he played a key role in building its brand offerings and expanding and maintaining current lines.
Dead Air Silencers Names Accessory Product Manager
Dead Air Silencers named Chris Wiggins as the accessory product manager. He brings to the position 12 years of firearms industry experience.
Rise Armament Appoints Director of Firearms Division
Rise Armament hired industry veteran William Smalley as director of its Firearms Division, including the Watchman and 1121XR rifle lines.
Vista Outdoor’s Sporting Products Business To Be Rebranded as The Kinetic Group
Vista Outdoor, Inc. announced its new name and identity that will be effective following the planned spinoff of Vista Outdoor’s Outdoor Products business. Post-spin, Vista Outdoor will be rebranded as The Kinetic Group, a name “that surfaced among employees during the naming process and represents the energy behind the company and its leading ammunition brands,” […]
SportChek’s Sales Flattish in Second Quarter
Canadian Tire Corporation, Ltd. reported SportChek’s comparable sales were up 0.1 percent in the second quarter ended July 1. Team sports and lifestyle footwear grew, while athletic clothing and outerwear were down. Canadian Tire’s overall comps were up 0.1 percent.
Sportsman’s Warehouse Opens 9th Store in Colorado
Sportsman’s Warehouse Holdings Inc. opened its second location in Colorado Springs, marking its ninth in Colorado.
Yeti Holdings Lifts EPS Outlook On Margin Improvement
Yeti Holdings, Inc. reported earnings and sales declined in the second quarter in part due to its soft cooler recall. Sales on an adjusted basis increased 2 percent and both earnings and sales topped analyst targets. Yeti raised its EPS guidance for the year and predicted a return to double-digit growth in the fourth quarter.
Wolverine World Wide, Inc. Cuts 2023 Outlook After Disappointing Q2 Results
Revenue for Q2 declined 17.3 percent in constant-currency terms to $589.1 million, compared to $713.6 million in the year-ago quarter. Revenue from the ongoing business was $578.2 million, declining 13.8 percent on a constant-currency basis.
Wolverine Worldwide Appoints New CEO as Brendan Hoffman Departs
The Board of Directors appointed Chris Hufnagel as president and CEO of the company and a member of the Board of Directors, effective immediately. He succeeds Brendan L. Hoffman, who is no longer with the company
ThredUp Inc. Narrows Q2 Loss on Revenue Increase, RaaS Ramp-Up
The company reported 1.7 million Active Buyers and Orders of 1.8 million in the second quarter, representing a decrease of 0.8 percent and an increase of 5 percent, respectively, year-over-year.
Ammo, Inc. Sales Implode in Fiscal Q1; Margins Grow as Business Transitions to Brass
The company said that margins in its Marketplace segment remained strong and gross margins had increased in its Ammunition segment as they began to see the benefits of transitioning to a leaner operating model with a higher focus on brass (ammunition) sales.
Johnson Outdoors Hires Industry Vet to Run Fishing Business
The company hired Bill Kirchner as group vice president, Fishing segment, reporting to CEO Helen Johnson-Leipold and was appointed as a member of the company’s executive committee.
Report: Small Businesses Report Significant Hiring Decline in July
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted decrease of 2.1 percent in July. This month’s reading is a dramatic reversal from the strong hiring reported in June.
Report: Younger Pandemic Boat Buyers Upgrading Vessels
The demand for boats reportedly remained strong during the first half of 2023 as inventory levels continued to recover from the buying surge during the pandemic, according to the latest market report from Boats Group.
Liberty Ammunition Taps Distributor for Several NATO Countries
Dillon Europe is said to be one of the top defense companies with close ties to European law enforcement and military units.
