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2/13/2024 |  EXEC: Shimano Forecasts 2024 Double-Digit Sales and Profit Decline (SGB UPDATE) Shimano, Inc. pointed to tight monetary policies designed to tame inflation that had been adopted mainly in Europe and the U.S. was projected to end during fiscal year 2023, but the pace of global economic recovery remained at a standstill with turmoil in Ukraine and the Middle East and a slowdown in China’s economic recovery exerted downward pressure.
In 2024, throw in the weakening economy in China, the prolonged “situation” in Ukraine, growing tensions in the Middle East, and a contentious U.S. election, and it does not lead Shimano to push the company’s forecasted results higher.
1/25/2024 |  Jimmy Johnson’s Fish Hard Events Announces Three Major 2024 Competitions (SportsTravel) Fish Hard Events, led by Pro Football Hall of Fame Coach Jimmy Johnson, has announced three events for its 2024 calendar.
“The best wasn’t the Super Bowl, the best was not University of Miami, the best is right now,” Johnson said. “These teams are part of the best. We continue to grow each year and I am thrilled to have our partners join us as we showcase the thrilling challenge of sportfishing throughout the country. A favorite pastime of mine is fishing, and we love to see the competitive sport continue to grow. We look forward to seeing everyone in 2024.”
1/25/2024 |  Bass Pro Shops Named Title Sponsor of the 2024 Bassmaster Classic (SportsTravel) The Bassmaster Classic has announced that outdoor retailer Bass Pro Shops will be the title sponsor of the 2024 event in Tulsa, Oklahoma, from March 22–24, with competition taking place on Oklahoma’s Grand Lake O’ the Cherokees.
The tournament will feature 56 of the nation’s most talented anglers vying for more than $1 million in prize money. Last year’s Classic set an attendance record, with 163,914 fans visiting Knoxville, Tennessee. It won the SportsTravel Award for Best Professional Event at TEAMS ’23 in The Palm Beaches, Florida.
1/9/2024 |  Daiwa USA Doubles Capacity with New California Office and DC (SGB UPDATE) Daiwa USA officially completed its office and warehouse move, doubling its space and capacity to ship product from the new Foothill Ranch, CA space.
Planning for the new facility reportedly started in 2019, but issues due to the pandemic led to supply chain delays, shortages of construction and warehouse materials and changes in the working environment, which slowed the process.
1/9/2024 |  Rapala Jumps Deeper into U.S. Rod and Reel Market with 13 Fishing Acquisition (SGB UPDATE) Rapala VMC Corp. acquired the remaining 40 percent of shares of the 13 Fishing rod and reel brand not owned by the Finnish company. The transaction includes the purchase of James Coble’s remaining shareholding of DQC International, the owner of 13 Fishing.

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