Japanese tackle giant, Shimano, reported a 4.4% increase in sales in 2019 compared to the previous year, with its fishing division recording a 3.4% uplift.
The bicycle components and tackle supplier saw combined sales of 363,230m yen, with 72,838m contributed by its much smaller fishing division.
It reported steady tackle sales from its domestic market until September when he country was hit by typhoons.
Overseas, it said that the North American market experienced solid sales, supported by a firm economy. European sales were described as ‘sluggish’, with some countries in the region showing signs of recovery, particularly the UK, which underpinned the market.
In China retail revenue continued to be favourable, while the bush fires and drought hindered sales in Australia.
Looking ahead, Shimano said that there are lingering concerns about the trade issues between the US and China and the heightened geo-political risks in the Middle East, In addition, it said that the economy in Europe threatens to decelerate as a result of Brexit.
However, it expects expanded consumer spending in the US to lead to a continued economic recovery despite the unpredictable effects of the Presidential election.
The company is forecasting sales in 2020 of 372,000m yen - a 2.4% increase on 2019... Continue Reading
Brunswick Corporation, owner of the Lund, Bayliner, Lowe, Princecraft and Thunderjet fishing boat brands, as well as marine engine manufacturer, Mercury, has reported net sales of $4.108m for the year ending December 31, 2019, down from $4.121m in 2018. Operating earnings for the year were $471m.
Sales in 2018 included $49.4m relating to Sport Yacht and Yachts, which Brunswick has since exited.
Net sales for the fourth quarter were $917.6m, down from $961.1m the previous year, which included $5.5m of sales related to Sport Yacht and Yachts. Earnings for the quarter were up to $74.5m from $69.7m in 2018.
"Our 2019 performance demonstrated the strength and resilience of our marine-focused portfolio. We expanded gross and operating margins and delivered a tenth consecutive year of adjusted EPS growth, despite a weaker than anticipated marine market in the first half of the year," said Brunswick Chief Executive Officer, David Foulkes.
"The transformational changes we made to our business in 2019 reinforced our position as the market leader in the marine industry and set us up for further margin expansion and revenue growth in 2020 and beyond.”
The marine engine segment reported a slight sales decrease for the quarter and the boat segment of the business was also down. The recently completed expansion of the company’s capacity to produce higher horsepower engines to meet increasing demand is anticipated to generate growth in 2020, while boat..Continue Reading
Former industry veteran, Clay Norris, formerly with the Cortland Line Company and Pure Fishing, has been appointed Executive Director of the Iowa Rock ‘n Roll Music Association (IRRMA).
Norris spent 15 years at Pure Fishing, where he held the position of Senior Global Product Manager for almost a decade. He moved to the Cortland Line Company as National Sales and Marketing Director in 2017, and the following year became President and owner of the GCN Marketing Consultancy.
IRRMA President, Ralph Kluseman, said Norris brings considerable business skills and long-standing relationships with many people and organisations in the Great Lakes area.
Norris said: “I am so grateful to have the board’s trust to continue honouring the past legacy of rock and roll in the fine state of Iowa, while helping the association to move this legacy forward in the present and the future.”
Norris lives with his family in Spirit Lake, Iowa, the manufacturing base for Pure Fishing... Continue Reading
New Zealand's largest retailer of fishing tackle has reported a 5.84% increase in sales from its sporting goods division for the financial year ended January 26, 2020.
The Briscoe Group reported sales across the company of $209.7m – up 1.84% – in Q4 and £653m – an increase of 3.34% – for the year. Its online sales grew by 16.20% over the 12 month period.
Managing Director, Rod Duke, said that its sporting goods segment, which is represented by Rebel Sports, continued to post impressive sales throughout the second half of the year.
He said: "The group has produced a satisfactory performance overall for the final quarter which saw it post record quarterly sales of nearly $210m and over $650m for the full year.
"Consumer spending patterns continue to change with a huge concentration of sales in relation to Black Friday promotions now influencing the traditional steady sales build up through to Christmas.
"We operate in highly competitive markets, and while the trend towards major event-based campaigns, such as Black Friday and Boxing Day, have wide customer appeal, they do come at the cost of gross profit percentage.
"Our online business continues to produce excellent sales growth, finishing the year 16% up on the previous year and now represents just over 11% of total group sales. We will continue to focus on our online offering while maintaining our proven strategy..Continue Reading
Angling Direct, the largest specialist fishing tackle and equipment retailer in the UK, has this morning announced that after 17 years of leading the business, Darren Bailey has decided to step down from his role as CEO with immediate effect.
He will remain on the Board as a Non-Executive Director. Andy Torrance, who joined the company in October last year, as a Non-Executive Director, has been appointed in his place.
Since joining Angling Direct in 2003, Bailey has helped grow the company's UK store network from three to 34 branches as well as overseeing the major expansion of Angling Direct's online offering. He guided Angling Direct through its successful AIM admission in 2017 and subsequent fundraising in 2018, which has enabled the business to double its store network and to launch dedicated native language websites for the German, French and Benelux markets, significantly enhancing the company's European sales.
Andy Torrance has extensive experience working for brands with customer centric omni-channels and substantial European presence. He previously held Chief Operating Officer roles at Dunelm and Holland & Barrett and a number of executive roles during a 12-year period at Halfords.
Martyn Page, Executive Chairman, said: "Both myself and the entire Angling Direct team are hugely grateful for everything Darren has done to make the business the success it is today. Whilst he feels it is the right time to pass on the baton, we are especially..Continue Reading
Norwegian tackle giant, O Mustad & Son, is to part company with its CEO, John Are Lindstad.
A statement issued by the Board of Directors this morning confirmed the termination of Lindstad's contract after nearly three years with the company. He will leave his position on February 21 when Chairman of the Board, Ulf Bjerkness, will take over until a replacement has been appointed.
Bjerknes said: "The company has not performed as expected during Lindstad's leadership and the Board of Directors want a new direction."
Lindstad said: "I respect the decision of the Board. I would like to thank the people and team within the group for my three years with the company."
Lindstad's tenure at Mustad was a time of change for the iconic hook brand as it set out on a course to broaden its portfolio of products and double the size of the business within five years.
Last year it made its first acquisition, adding US-based TUF-Line to its business.
The Board added that it has started a recruitment process to find Lindstad's successor... Continue Reading
New catalogues and brochures are being added constantly. View the very latest right here.View Catalogues
Team up with angling's fastest-growing media brand to reach new customers around the world.Advertise Now
Read the new issue here before copies are mailed around the world. Past issues online too.View Virtual Mag
Copyright Exists © Angling International Magazine, all rights reserved.WordPress Web Design & Development by Brave Agency