American Outdoor Brands posts quarterly operating loss
Saddled with reduced demand in the shooting sports segment and lower foot traffic in traditional retail channels, American Outdoor Brands (AOB) reported an operating loss of $134,000 against an operating profit of $5.3 million in the second quarter. The net loss sunk 92 percent to $370,000 from $4,583,000 for the ...
IWA OutdoorClassics 2023 report growing interest by international brands
IWA OutdoorClassics 2023, which will be held at the Nuremberg exhibition center from March 2-5, 2023, is coming up. The trade show for hunting and shooting sports as well as outdoor equipment and safety reported 834 registered exhibitors (from 48 countries) already in mid-November, 30 percent of them as first-time ...
Rapala's president and CEO resigns
The Finland-based fishing tackle company Rapala VMC Corporation has announced that the brand’s board of directors and Nicolas Cederström Warchalowski, who has been the company’s president and CEO since March 2020, have mutually agreed that he will resign from his role, effective immediately. The board has appointed Rapala’s chairman Louis ...
Sports fishing equipment market to post 3.21% growth by 2026
The sports fishing equipment market is projected to accelerate at a compound annual growth rate (CAGR) of 3.21 percent during the 2021-2026 period, representing an incremental growth of US$2.45 billion, according to a new report by research and advisory firm Technavio. Growth will be driven by the rising popularity of ...
U.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 ...
Clarus 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 ...
RVRC 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 ...
Vista 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.”
RVRC appoints COO
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 joined RVRC in 2020. Before that, she ...
Shimano 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 ...
Vista 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 ...
Angling 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 ...
Fairpoint 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 ...
RevolutionRace 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 ...
Helinox moves to more recycled parts and repair/replacement options
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 a result of its strong partnership with Dongah Aluminium Corporation (DAC), Helinox is also ...
Rapala 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 ...
Fischbein 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. ...
Investors 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 ...
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 ...
Chouinard family transfers Patagonia ownership to channel dividends to environmental protection
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 ownership to two new entities: Patagonia Purpose Trust ...