October 09, 2023
The U.S. economy continues to post positive growth, but signs of pressure on the U.S. consumer include rising credit card debt and increasing reliance on short term financing schemes like Buy Now Pay Later to enable purchases.
Two weeks before The Big Cat reports third quarter results, CEO Arne Freundt said the company still expects a single-digit increase in sales and an EBIT of €590 to €670 million for the full year, in comments reported by German financial publication, Euro am Sonntag.
Accell Group tapped Tjeerd Jegen as CEO and chairman, effective Nov. 1, succeeding Juan de Ochoa, who has served in the dual role on an interim basis since the start of the year.
The gunmaker completed its move to a new 650,000-sq.-ft. corporate headquarters in Maryville, TN, from Springfield, MA, where it has been based since it incorporated in 1852, as part of a $125 million relocation plan announced in 2021.
Outdoor Industry Association members elected four new directors, Gerber Gear VP and general manager, Keith Carrato; owner and founder of Slim Pickins, Jahmicah Dawes; Tentree president, Diana Seung, and Mountain Hardwear president and global general manager, Troy Sicotte.