SGB Update Sportsmans
Wrangler, Lee Parent Posts Solid Q4 Results On Double-Digit U.S. Growth
Kontoor Brands, Inc. the lifestyle apparel company led by the Wrangler and Lee divested VF Corp. denim brands, reported fourth quarter revenue was $732 million, a 7 percent increase (+9 percent increase constant currency) over the prior-year comparable period. U.S. revenue was up 16 percent over the prior-year comparable period.
USA Archery Appoints Marketing And Communications Chief
USA Archery has appointed Richard Fleming as senior director of communications and marketing. Fleming brings with him more than 30 years in the sports industry as a writer, broadcast journalist, content creator, and digital and communications strategist.
MidwayUSA Names Outbound Logistics Manager
MidwayUSA recently promoted Kyle Smarr to logistics manager, outbound. He joined MidwayUSA in December 2008 as a logistics specialist and became the company’s logistics shipping supervisor in June 2020.
Target Ekes Out Fiscal Q4 Comp Sales Gain On Strong Traffic; Beats Expectations
Target Corporation reported that total comparable sales grew 0.7 percent in the fiscal fourth quarter ended January 28, reflecting comparable stores sales growth of 1.9 percent and a comparable digital sales decline of 3.6 percent.
Vortex Optics Acquires GeoBallistics
Vortex Optics acquired GeoBallistics, a Dallas, TX-based business providing ballistic mobile application software.
VF Prices €1 Billion Of Senior Notes To Fund Sustainable Development Goals
On the heels of a Moody’s Investors Service downgrade in the debt ratings of VF Corporation, the active lifestyle company has priced €500 million aggregate principal amount of unsecured senior notes due 2026
Duluth Trading Sees Retirement Of Board Director
Duluth Holdings, Inc. announced the retirement of Thomas Folliard as a member of its board of directors.
Fiocchi Appoints New President For North America Operations
Fiocchi hired shooting industry veteran David Blenker as president and CEO of its North American operations. Blenker replaces Anthony Acitelli, retiring after a three-and-a-half-year tenure in the role.
Rocky Brands Sees Lower Q4 Sales On Weaker Wholesale Business
Rocky Brands, Inc. reported that fourth quarter net sales decreased 18.0 percent to $138.9 million, compared with $169.5 million in the fourth quarter of 2021. Wholesale segment sales for the fourth quarter decreased 26.6 percent to $98.9 million.
Redding Reloading Names New Sales & Marketing VP
Redding Reloading Equipment hired Dennis Racine as VP of sales and marketing.
Cascade Designs Taps Industry Vet To Lead NAPR Sales And Marketing
Cascade Designs, the parent of MSR, Therm-a-Rest, Platypus, SealLine, PackTowl, and Varilite, hired David Fee as VP of sales and marketing, North America/Pac Rim.
Academy’s Debt Ratings Raised By Moody’s
Moody’s Investors Service upgraded Academy, Ltd.’s debt ratings to reflect Academy’s continued outperformance relative to expectations and the overall retail industry.
Sportsman’s Warehouse To Open In North Naples
Sportsman’s Warehouse Holdings, Inc. announced it would open a new store in North Naples on March 2, making this the retailer’s first store in Southwest Florida and fourth in the state.
Sturm Ruger’s Sales Slide 11.2 Percent In Fourth Quarter
Sturm, Ruger & Company, Inc. reported sales declined 11..2 percent in the fourth quarter to close the year with a sales decline of 18.5 percent.
Garmin Q4 Revenues Decline 6 Percent On Sharp Decrease In Fitness, Aviation
Garmin Ltd. posted consolidated revenue of $1.31 billion in the fourth quarter ended December 31, a 6 percent decrease compared to the prior-year quarter.
