Geoff Anderson broadens product range with tools
Geoff Anderson, a Danish company best known for its fishing apparel, has introduced a new range of tools that will complement its clothing collections. The new range, called WizTool, includes clamps, nippers, scissors, magnets, jagged jaws and a sharpener. All the tools in the new range are said to be ...
Angling Direct posts solid sales growth despite pandemic disruption
Although the fishing equipment retailer was forced to temporarily close all stores again at the beginning of the year due to Covid-19 restrictions, Angling Direct saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31. Revenues rose by 54 percent ...
RevolutionRace races ahead in first financial report post-listing
RevolutionRace, the Swedish DTC outdoor company fresh from a June listing on Nasdaq Stockholm, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), led by 296 percent growth on the German market and with double or triple-digit growth in ...
Increased demand helps Johnson Outdoors reel in higher sales, profits
Johnson Outdoors reported a rise in third-quarter sales and profits driven by a continued recovery in fishing, camping and water recreation. At the same time, diving also showed signs of a turnaround as Covid-19 travel restrictions were further eased. Total company net sales for the three months to July 2 ...
Vista aims higher as ammo sales fire Q1 earnings
U.S.-based Vista Outdoor has posted better-than-expected first-quarter sales on the back of continued soaring demand for ammunition and outdoor products. Sales for the three months to June 27 rose 38 percent to $663 million over the same period last year against company forecasts of $600m - $620m. Chief executive Chris ...
Excellent results mark the first half of Shimano’s 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier had ...
New anglers help Rapala reel in strong H1 sales rise
Finnish tackle company Rapala VMC reported a sharp rise in first-half net sales driven by strong demand for fishing gear from new anglers and faster-than-expected implementation of its restructuring strategy. Sales for the six months to June 30 increased 36 percent to €159.6 million as fishing’s popularity as a Covid-safe ...
New consumer show and congress in Nuremberg for hunting and wildlife
NürnbergMesse has announced the launch of a new consumer show for nature and hunting enthusiasts, called wildlife.fair. The new event will be held for the first time at the Exhibition Center Nuremberg, Germany, from April 09-12, 2022. Peter Ottmann, CEO NürnbergMesse, said: “In the future, the passion and enthusiasm of ...
UPDATE: RevolutionRace goes public
According to ehandel.se, RevolutionRace from Sweden has published its prospectus and IPO price on June 7 (we reported earlier). The latter lands at SEK 75 (€7.44-$9.06) per share, which corresponds to a market value of just under SEK 8.5 billion (€843m-$1.02bn). Founders Pernilla and Niclas Nyrensten, who currently own 34 ...
RevolutionRace to go public
Swedish DTC outdoor brand RevolutionRace will reportedly list on Nasdaq Stockholm this month. Founders Pernilla and Niclas Nyrensten, who currently own 34 percent of the shares, will sell an as-yet-undisclosed amount of shares along with Altor, a Stockholm-based private equity investment firm that currently owns 61 percent. The founders and ...
CEO Jason Brooks appointed Rocky Brands’ chairman of the board
U.S. footwear and apparel company Rocky Brands announced that the company’s CEO, Jason Brooks, has been named chairman of the board of directors, following the decision of his father, Mike Brooks, to step down from this position he had held since 2005. Mike Brooks will continue to serve as a ...
Vista unveils four-year plan with ambitious strategic goals
With a successful fourth quarter under its belt, Vista Outdoor, headquartered in Anoka, Minnesota, has released its “Roadmap to 2025.” The plan calls for annual sales growth of more than 10 percent, including acquisitions, and an EBITDA margin that is expected to increase from the current 15.5 percent to 20 ...
Outdoor Research strengthens its military and tactical segment with new hire
This month, Outdoor Research (OR) hired David Hein as GM of military and tactical. Hein comes to OR from 5.11 Tactical, where he spent 12 years as vice president and GM, among other positions. Prior to that, Hein spent more than a decade at Dickies. OR has been in the ...
Rapala VMC completes buy-back of shares
Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, with a maximum of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the Finnish ...
Lockdown life drives demand growth for Johnson Outdoors in Q2
Pent-up demand from people stuck indoors during the Covid pandemic has helped Johnson Outdoors report a surge in second-quarter sales and profits. Total company net sales in the second quarter to April 2 rose 26 percent year on year to $206.2 million. Operating profit for the period rose to $36 ...
American Outdoor Brands creates chief marketing officer role
American Outdoor Brands, formerly known as Smith & Wesson Holding Corporation until 2016, has announced that Curtis Smith has been named chief marketing officer, a newly created role in the company. Smith will lead the marketing, brand management, creative, e-commerce, and customer service teams. Smith joined the company as a ...
Rocky Brands reports higher Q1 revenue, net income
U.S.-based footwear and apparel maker Rocky Brands reported soaring first-quarter revenue and net income on the back of strong demand from its wholesale and direct-to-consumer channels. The company said revenue for the three months to March 31 rose 57.3 percent to $87.7 million. Wholesale segment sales increased 69.1 percent, while ...
Shimano continues to perform well in Q1
Both Shimano’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021.
Pure Fishing completes acquisition of Plano Synergy, immediately sells hunting brands to GSM
Pure Fishing has announced that it has completed the acquisition of Plano Synergy Holdings. As part of the closing, Pure Fishing has also announced the sale of Plano Synergy’s archery and hunting accessories brands to GSM Outdoors. The move is consistent with Pure Fishing’s strategy that places priority on fishing, ...
Johnson Outdoors CEO ranked in Forbes’ World’s Billionaires List
Helen Johnson-Leipold, the chairwoman and CEO of Johnson Outdoors, took the 831st position in the 2021 Forbes’ World’s Billionaires List with a net worth of $3.6 billion, up from $3.3 billion in 2020. Johnson-Leipold has been running the company since 1999. She is also the chairwoman of the Johnson Financial ...