All Hunting & Fishing articles – Page 4
-
News briefsGrundéns appoints Nicolas Cederström Warchalowski as CEO
Fishing apparel and footwear manufacturer Grundéns has hired Nicolas Cederström Warchalowski as its new CEO, effective Sept. 11. Warchalowski most recently served as the CEO of sport fishing company Rapala, a role he held since March 2020. A Swedish national, Warchalowski has more than 25 years of leadership experience in ...
-
ArticleVista Outdoor announces public filing to spin off its outdoor product brands
Vista Outdoor Inc., the parent company of 41 sports and outdoor brands, filed a public registration statement on Form 10 with the Securities and Exchange Commission (SEC) on Sept. 5, 2023, in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, ...
-
News briefsAngling Direct posts double-digit revenue growth
England-based fishing tackle retailer Angling Direct saw its revenues increase by 11.4 percent to £43.3 million (€50.6m) in the first half of its financial year ended July 31, up from £38.9 million (€45.4m) a year before. Sales in the U.K. rose by 10.1 percent to £40.9 million (€47.8m). European sales ...
-
News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
-
ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
-
News briefsFishbrain fishing app secures $6 million in new share issue
Fishbrain AB, the Swedish-based developer of a mobile application for anglers, has raised $6 million in funding. The round was led by Swedish venture capital fund Industrifonden, and co-led by Lucerne Capital Management, a US-based equity investment firm with a focus on European markets. The new funding is expected to ...
-
News briefsNew Group VP at Johnson Outdoors
Johnson Outdoors Inc. has announced that Bill Kirchner will be joining the company as the new Group Vice President, Fishing. Kirchner will report to Johnson Outdoors CEO Helen Johnson-Leipold, and be a member of the Company’s Executive Committee. Kirchner joins the company from Newell Brands, where he has served as ...
-
News briefsJohnson Outdoors’ Q3 operating income falls by 27 percent
Johnson Outdoors’ total revenues declined by 8 percent to $187.0 million from $203.8 million for the U.S. parent company of a portfolio of fishing, diving, camping and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak as operating income slid 27 percent to $17.4 million from $23.8 million. Ebit ...
-
News briefsRocky Brands sees business positioned for H2 improvement
Despite experiencing strong sell-throughs at several major U.S. wholesale accounts, U.S. footwear company Rocky Brands reported a 38 percent decline in Q2 sales to $99.8 million from $162.0 million for the period ended June 30. Wholesale segment revenues declined by 45.5 percent to $71.5 million and fell by 3.6 percent ...
-
ArticleVista Outdoor appoints more executives for upcoming Sporting Products spinoff
Source: Business Wire Andy Keegan, Vice President and interim CFO for Vista Outdoor, has been appointed CFO for the Sporting Products Company following the spinoff. Vista Outdoor Inc, the parent company of 41 sporting goods and outdoor lifestyle brands, announced that its Board of Directors has made ...
-
ArticleVista Outdoor’s Q1 net dips by 54 percent; Outdoor Products spin-off slated for Q4
Vista Outdoor, which is proceeding with plans to spin off its Outdoor Products segment in Q4 of this calendar year, reported a 54 percent decline in Q1 net income to $58.1 million from $126.0 million for the period ended June 25. Ebit was down by 55 percent to $75.4 million ...
-
ArticleBicycle slump leads to decline in sales and profits at Shimano
The current high (bicycle) inventory levels and decreasing demand are also being felt by market leader Shimano Inc. However, despite a double-digit drop in sales in its largest business unit, bicycle components, in the first half of 2023, the Japanese company remains calm. It’s counting on bicycles as a global ...
-
ArticleVista Outdoor appoints Eric Nyman as CEO of Outdoor, updates on corporate separation plans
Source: Business Wire Eric Nyman The board of directors of Vista Outdoor Inc, the parent company of 41 brands, has appointed Eric Nyman as CEO of the Outdoor Products segment and a member of the Board of Directors, effective Aug. 21. Nyman, who has more than 30 ...
-
ArticleRapala’s H1 results sink on excess inventory woes
Already bracing for a significant drop in FY23 full-year comparable operating profit, Rapala VMC reported double-digit declines in net sales and comparable operating profit in H1. With the results, the Finnish group said it was implementing cost cuts across the organization to mitigate the lower turnover. Over the next 12 ...
-
News briefsRapala VMC taking majority stake in 13 Fishing parent
Rapala VMC, the fishing-focused company based in Finland, which has been distributing 13 Fishing rods and reels outside the U.S. for nearly four years, is increasing its stake in its parent DQC International to 60 percent. Under the terms of the agreement, DQC CEO James Coble will retain 40 percent ...
-
ArticleVista Outdoor appoints former Salomon executive as Simms president
Source: Vista Outdoor/Simms Jordan Judd Vista Outdoor, the parent company of 41 sporting and outdoor brands, has named Jordan Judd President of Bozeman, Montana-based Simms Fishing Products, effective Aug. 1. Simms was founded in 1980 and acquired by Vista Outdoor in 2022. The brand is part of ...
-
News briefsRapala anticipates significant decline in FY23 operating profit
The fishing equipment company, which completed a restructuring of its Helsinki headquarters this month and welcomed back former COO Lars Ollberg as CEO in May, is now forecasting its full-year comparable operating profit to be “significantly below” its FY22 level. Rapala blamed the expected annual profit shortfall on persistent ...
-
News briefsAmerican Outdoor Brands shrinks Q4 loss despite lower sales
American Outdoor Brands reported an operating loss of $4.0 million against a loss of $70.8 million in Q4 ended April 30. Period revenues declined by 8.0 percent to $42.2 million from $45.9 million, but gross margin improved by 130 basis points to 45.2 percent from 43.9 percent. Outdoor lifestyle sales ...
-
News briefsNew board members at U.K.’s Angling Trades Association
Five new members are joining the board of the Angling Trades Association (ATA), the voice of the British tackle industry: Daryl Hodges, head of marketing at Dynamite Baits; Ian Latham, managing director of Shimano U.K.; Martin Green, commercial sales manager at Daiwa U.K.; Ifor Jones, head of the Stillwater Fishing ...
-
News briefsJohnson Outdoors reports mixed Q2 results
Johnson Outdoors, benefitting from sales and profitability improvement in its fishing and diving segments, generated an improved gross margin, higher revenues, and a 50 percent increase in net income for the period that ended March 31. But a 20 percent rise in Q2 operating expenses to $63.9 million contributed to ...
