All Hunting & Fishing articles – Page 5
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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News briefsGlobal angling and hunting equipment market to post 7% CAGR by 2030
The global angling and hunting equipment, which was estimated at US$536.97 million in 2022 (the base year), is projected to grow at a compound annual growth rate (CAGR) of 7.03 percent to reach US$924.98 million by 2030, according to a recent report by Dublin-based Research and Markets. The 248-page report ...
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ArticleShimano’s bike sales drop 17% in Q1, revises annual forecast
When Shimano Inc. presented its 2022 annual report in February with record sales and profits, the company simultaneously warned of a challenging 2023, forecasting a 20-percent drop in sales. Looking at the first quarterly figures just presented, it can be said that the Japanese company was not so wrong with ...
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News briefsNomination committee formed ahead of RVRC’s AGM 2023
RevolutionRace (RVRC) has appointed three members who, together with the chairman of the board of directors, will form a nomination committee for the period leading up to its annual general meeting, which is expected to be held in November 2023. These three members are (in accordance with a resolution of ...
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News briefsVista Outdoor promotes Vanderbrink to CEO of Sporting Products segment
Source: Vista Outdoor Jason Vanderbrink Vista Outdoor announced that Jason Vanderbrink was promoted to chief executive officer of the company’s Sporting Products segment, effective March 31, 2023. He joined Vista Outdoor’s sales organization in 2005, holding roles with increasing responsibility. Vanderbrink will also continue to serve as ...
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News briefsKith and Columbia collaborate on fishing collection
Luxury streetwear brand Kith has renewed its partnership with Columbia Sportswear to present the Kith for Columbia PFG 2023 collection, a range of fishing apparel, footwear and accessories that combines functionality with style. The new collection is inspired by Columbia PFG, the brand’s longstanding line of performance fishing gear. According ...
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News briefsPure Fishing appoints new CEO
The South Carolina-based fishing tackle and outdoor equipment brand Pure Fishing has named Dave Allen CEO, effective immediately. He succeeds Harlan Kent, who is retiring from day-to-day operations to become a board member and consultant. Prior to joining Pure Fishing, Allen was president and CEO of Igloo. Before that, he ...
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News briefsLars Ollberg returning to Rapala as CEO
Fishing equipment maker Rapala VMC Corp. is bringing Lars Ollberg back to its senior management team, hiring the company’s former chief operating officer as its new CEO starting May 1. Additionally, the Finnish company has appointed Cyrille Viellard as Deputy CEO and named Jean-Philippe Nicolle, its current EVP of Southern ...
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ArticleFenix Outdoor publishes CSR report 2022
Fenix Outdoor International AG, owner of the brands Fjällräven, Royal Robbins, Tierra, Hanwag, the five retail chains managed under the roof of the Frilufts Retail Europe AB and – until December last year – Primus (which was sold to Silva), has published its CSR Report 2022. CEO ...
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News briefsCompass Diversified announces changes to the board of directors
Compass Diversified Holdings (CoDi), the owner of Boa, PrimaLoft, Velocity Outdoor and 5.11, announced that its board of directors has nominated a new candidate for election at CoDi’s 2023 annual meeting of stockholders, which will be held May 25. Nancy B. Mahon will join the seven current directors up for ...
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News briefsFishing tackle supplier Gansel Australia and distributor Viva Australia merge
Gansel Australia, a fishing tackle supplier with 50 years of trading history, and Viva Australia, a distributor of fishingbrands, have announced their merger. Viva Australia has more than two decades of experience servicing tackle shops in Australia and today distributes fishing brands like Megabass, Lox, Hayabusa, Shout, Asakura, Pioneer, Jigging ...
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News briefsAmerican Outdoor Brands reports Q3 loss
American Outdoor Brands suffered a Q3 operating loss of $3.0 million against an operating profit of $4.7 million in the period ended Jan. 31. The net loss was $2.9 million versus a profit of $3.8 million. Gross margin improved 130 basis points to 47.1 percent from 45.8 percent, but net ...
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News briefsRapala VMC publishes sustainability report 2022
Finland-based fishing tackle company Rapala VMC, owner of the Rapala, VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini, Peltonen, 13 Fishing and Okuma brands, has released its latest sustainability report. The report sums up the company’s achievements over the last four years. In 2020, ...
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News briefsVista Outdoor appoints new Simms president
Source: Vista Outdoor Derek Tarlecki Vista Outdoor Inc., the parent company of 41 sports and outdoor lifestyle brands, has named Derek Tarlecki president of its Bozeman, Montana-based Simms Fishing Products brand, effective immediately. Tarlecki had served as Simms’ chief integration officer since September, following the retirement of ...
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ArticleGarmont with growth in 2022, U.S. and Germany at the top of the list
Garmont, the Italian outdoor footwear company founded in 1964, reported total sales of €40.5 million in fiscal 2022, up 60 percent from the previous year, and consolidated Ebitda of more than 16 percent. ”In 2022 we defined a strategy that allowed us to maintain our market positions while taking into ...
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News briefsAngling Direct announces CEO and board changes
Andy Torrance, CEO of British fishing tackle and equipment retailer Angling Direct, is stepping down to take on the role of non-executive chairman. The board has appointed Steve Crowe, the current chief financial officer, as his successor. In addition, Martyn Page will relinquish his role as non-executive chairman and will ...
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News briefsShimano establishes joint venture for Southeast Europe
Shimano Europe has announced a joint venture with Greece-based Nikos Maniatopoulos to handle bicycle components and fishing tackle sales and service in most of Southeast Europe. The joint venture will operate as Shimano South-East Europe. Integration is planned to start on April 1. The joint venture builds on a long-standing ...
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News briefsAngling Direct posts revenue growth, driven by in-store sales
Angling Direct, the British omnichannel fishing tackle and equipment retailer, posted sales of £74.1 million (€84m) for the financial year ended Jan. 31, 2023, representing a 2.2 percent increase from the prior year. Sales were boosted by the opening of new stores in Washington (July), Coventry (August) and Stockton-on-Tees (September). ...
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News briefsRapala’s CFO to leave the company this summer
The chief financial officer of Finland-based fishing tackle company Rapala VMC Corporation, Jan-Elof Cavander, will leave his position on June 21, 2023, to pursue new challenges outside Rapala. The company, led by chairman, president and CEO Louis d’Alançon, has not yet announced a successor. Rapala’s main production facilities are ...
