All Hunting & Fishing articles – Page 7
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ArticleU.S. outdoor recreation industry rebounds
Inflation-adjusted (“real”) GDP for the U.S. outdoor recreation economy increased 18.9 percent in 2021, compared to a 5.9 percent growth for the overall U.S. economy, according to recent figures by the U.S. Bureau of Economic Analysis (BEA). Growth in 2021 reflected a rebound after dropping 21.6 percent in 2020. The ...
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ArticleClarus misses sales, earnings targets on currency effects, freight costs
Clarus Corp. reported an operating income of $6.1 million against a loss of $282,000 in the third quarter despite missing revenue and earnings per share projections. In reporting a 39 percent decline in net profit to $2.75 million from $4.53 million, the group said higher freight costs lowered its profitability ...
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ArticleRVRC experiences improving trends in September
RevolutionRace (RVRC), the Swedish outdoor DTC company, which installed Paul Fischbein as its permanent CEO Oct. 7 following the mid-August resignation of founder and former CEO Pernilla Nyrensten, reported a 31 percent drop in first quarter operating income to 49.8 million Swedish kronor (€4.7m) from SEK 72.7 million. Net profit ...
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ArticleVista Outdoor shares take hit after guidance lowered
Jason Vanderbrink, president of Vista Outdoor’s sporting products division, told analysts, “We are bullish on the outdoor industry despite near-term macroeconomic conditions that have eroded consumer confidence and pressured performance across the (U.S.) economy. We always understood that the elevated purchase patterns of the last two-and-a-half years would normalize.” ...
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News briefsRVRC appoints COO
Source: LinkedIn Hanna Blixt RevolutionRace (RVRC) has appointed Hanna Blixt as chief operating officer, effective Nov. 1, 2022, a newly created position on the management team with responsibilities including logistics, customer service and human resources. Blixt served previously as the company’s business development and insight director and ...
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ArticleShimano defies slowing demand with results above pre-Covid level
Triggered by the Russian invasion of Ukraine, global shortages in raw material and energy supply, as well as rising raw material prices, will have a direct impact on the business of Shimano Inc. Nevertheless, demand for bicycles and fishing tackle remained stable in the first three sales quarters of fiscal ...
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ArticleVista Outdoor’s CFO to leave the company
Vista Outdoor announced that Sudhanshu Priyadarshi, the company’s CFO, has decided to pursue another opportunity after two and a half years in his role and will step down from his position in November. Priyadarshi will continue to perform his duties until his departure, including the release of the company’s second ...
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News briefsAngling Direct experiences revenue growth despite headwinds
Angling Direct, the British omnichannel fishing tackle and equipment retailer, saw group revenues increase by 1.3 percent in the first half ended July 31, 2022, against the first half of the previous fiscal year, with revenues reaching £38.9 million (€44.8m). Sales on a same-store basis increased by 4.6 percent. Store ...
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News briefsFairpoint Outdoors makes three senior appointments
Tackle company Fairpoint Outdoors has made three senior appointments, Angling International reported. Thomas Sanotra has become chief operating officer, Robert Peetz has been named purchase manager, and Robert Valkeneer has become senior product manager. All three have joined Fairpoint from Svendsen Sport, which was acquired by Pure Fishing earlier this ...
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ArticleRevolutionRace gets boost from new markets, products
RevolutionRace (RVRC), in its first full year as a publicly traded company, realized 48 percent revenue growth to 1,331.5 million Swedish kronor (€121.0m) and 50 percent profitability expansion to SEK 288.0 million (€26.1m). The Swedish company, now headed by CEO Paul Fischbein, attributes its steady progress over the last four ...
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News briefsHelinox moves to more recycled parts and repair/replacement options
Source: Helinox Helinox frames are made using DAC’s Green Anodization process Outdoor furniture brand Helinox will move over 90 percent of its fabrics in seats, cases and accessories to recycled polyester raw materials and also switch to CO and PFC-free DWR coatings for the 2023 collections. As ...
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News briefsRapala to consolidate lure production in Estonia
Rapala plans to move all of its lure bait production team to Pärnu, in southwestern Estonia, by the end of 2023. The move will affect 90 employees. The Finnish-based fishing tackle company currently produces lures at two factories, one in Finland and one in Estonia. The majority of its lures ...
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News briefsFischbein is RVRC’s new permanent CEO
The board of directors of RVRC Holding AB (RevolutionRace) has appointed Paul Fischbein as the company’s permanent CEO. He previously served as CEO of RevolutionRace and assumes his permanent position effective immediately. Fischbein has extensive experience working as CEO and serving on boards, both as chairman and as a member. ...
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News briefsInvestors and Jaktia management acquire Jaktia Group
Jaktia, a Scandinavian franchise chain specialized in the hunting, fishing, and outdoor segments, has new owners. A private investment company consisting of Jaktia’s management, together with a few investors, has acquired 100 percent of the shares in Jaktia AB, Jaktia Kållered AB, Jaktia Falun AB, Jaktia AS and Jaktia Jessheim ...
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News briefs
The GORE-TEX brand kicks off new brand campaign, introducing new claim
The GORE-TEX brand is launching a new brand campaign under the motto “Our work is never done” this fall, celebrating the 40-year anniversary of its textile Gore-Tex membrane technologies and promising an innovation-loaded future for its apparel and footwear product categories. For the kick-off video that is online on digital ...
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ArticleChouinard family transfers Patagonia ownership to channel dividends to environmental protection
Source: Campbell Brewer Yvon Chouinard Nearly 50 years after founding Patagonia, Yvon Chouinard and his family (together with his children Claire and Fletcher) have decided to give away their company to ensure all proceeds will be used to fight climate change. The Chouinard family has transferred all ...
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News briefsFrance to hold national fishing show in 2024
The French body that represents the fishing tackle trade in the country (Groupement de l’Industrie Française d’Articles de Pêche or GIFAP) is planning to resume a national fair that showcases all types of fishing – sea, coarse and fly – Angling International has reported. Many organizations in France have been ...
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News briefsRapala VMC Corp. issues FY22 profit warning
Rapala VMC Corp., citing a short open water fishing season this year and strong de-stocking at retail, is forecasting a significant drop in annual operating profit against the €32.1 million it reported for the financial year 2021. The Finnish-based fishing tackle company also said abnormal weather on all key continents, ...
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News briefsNite Ize announces six outdoor brands to integrate Tru Zip into their products
Source: Nite Ize Tru Zip Nite Ize announced that six outdoor brands are to integrate its Tru Zip product technology, a fully water and dust-proof, toothless sliding zipper made in the U.S. and patented in 2019, into their styles: Simms Fishing, Hydro Flask, Fishpond, CamelBak, Booe and ...
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ArticleRevolutionRace growth slows as CEO steps down
RevolutionRace said sales growth decelerated further in July, continuing the trend seen in the fourth quarter ended June 30, when the top line grew by 16 percent to 318.2 million Swedish kronor (€30.2m), down from the 50 percent sales gain seen in the previous quarter. “Looking ahead, we are very ...
