January 26, 2022
Net loss for the final quarter expanded to €21 million ($24.8 mm) from a loss of €10 million the year before, on 10% higher revenues of €246.7 million ($291.6 mm) up from €224.3 million in Q4 ’20.
Sportsmans Warehouse said it is back in expansion mode after its terminated merger agreement with Bass Pro and Cabela’s parent Great Outdoors Group had put reins on new reach through 2021, in a presentation at Lake Street’s conference.
The Big a is planning to hire over 2,800 people at 307 locations in 47 countries in 2022, including more than 900 in its stores, and more than 500 for digital, IT and data analytics jobs.
The O’Neill licensee has promoted Michael Pratt, currently chief financial officer and SVP strategy, to the top job, succeeding Daniel Neukomm, who will transition to executive chairman of the company after nine years as CEO.
Following the retailer’s confirmation earlier this week that it has received multiple takeover bids, activist investor Macellum Capital Management wants a seat on the KSS board and to lead a special committee to review offers.
Lapping the 8% increase in total golf participation in the pandemic year, 2021 saw a more modest gain of 600,000 to 37.5 million, with an almost equal split between on- and off-course players, according to the National Golf Foundation.
National Shooting Sports Foundation research found that about 30% of firearms purchasers in 2021, or about 5.4 million, were first time gun buyers, down from 40% in the pandemic year.