Sportsman’s Warehouse appoints Jeff Dunn as Chief Merchandising Officer to enhance merchandising strategies and customer experience.
Quiver AI Summary
Sportsman’s Warehouse Holdings, Inc. announced the appointment of Jeff Dunn as its new Chief Merchandising Officer, effective immediately. Dunn, who has over 35 years of experience in omni-channel merchandising, will lead the company's efforts in merchandising, planning, and private label development. Paul Stone, the company’s CEO, expressed confidence in Dunn’s ability to drive strategic growth through innovative customer-focused strategies. With a significant background at Walmart/Sam’s Club, Dunn is set to enhance the customer experience for outdoor enthusiasts. He expressed excitement about joining the team and contributing to the company's mission of delivering quality outdoor gear and service.
Potential Positives
- Appointment of Jeff Dunn as Chief Merchandising Officer, bringing over 35 years of relevant experience to the leadership team.
- Dunn's background in omni-channel merchandising, particularly with Walmart, positions the company to enhance its merchandising strategies and customer experience.
- Focus on innovative merchandising and private label development under Dunn's leadership aligns with the company's commitment to meeting customer needs.
- The addition of top-tier talent reflects Sportsman’s Warehouse's drive for strategic growth and market share expansion.
Potential Negatives
- The press release indicates a reliance on forward-looking statements which suggest potential uncertainty in the company's future performance, highlighting risks such as changing regulations, economic conditions, and competition.
- The emphasis on restructuring and the plan to reduce expenses can imply underlying financial challenges that the company faces, raising concerns about its stability and operational efficiency.
- The company's geographic concentration in the Western United States could expose it to localized economic downturns, negatively impacting its overall performance and sales.
FAQ
Who is the new Chief Merchandising Officer at Sportsman’s Warehouse?
Jeff Dunn has been appointed as the new Chief Merchandising Officer at Sportsman’s Warehouse, effective immediately.
What experience does Jeff Dunn bring to Sportsman’s Warehouse?
Jeff Dunn has over 35 years of omni-channel merchandising experience, including 25 years at Walmart/Sam’s Club in various sporting categories.
What are Dunn's primary responsibilities at the company?
As Chief Merchandising Officer, Dunn will oversee merchandising, planning, and private label development strategies for Sportsman’s Warehouse.
How does Dunn plan to enhance the customer experience?
Dunn aims to reshape merchandising strategies to better align with customer needs and improve the outdoor shopping experience.
What is the mission of Sportsman’s Warehouse Holdings, Inc.?
Sportsman’s Warehouse focuses on providing outstanding gear and exceptional service to cater to outdoor enthusiasts of all levels.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPWH Insider Trading Activity
$SPWH insiders have traded $SPWH stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SPWH stock by insiders over the last 6 months:
- PAUL STONE (PRESIDENT AND CEO) has made 2 purchases buying 71,815 shares for an estimated $176,213 and 0 sales.
- RICHARD D MCBEE purchased 20,000 shares for an estimated $51,000
- JEFFREY JUSTIN WHITE (CFO AND SECRETARY) purchased 10,000 shares for an estimated $23,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SPWH Hedge Fund Activity
We have seen 35 institutional investors add shares of $SPWH stock to their portfolio, and 57 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STONE HOUSE CAPITAL MANAGEMENT, LLC added 1,900,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $5,149,000
- PORTOLAN CAPITAL MANAGEMENT, LLC added 946,313 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,564,508
- CANNELL CAPITAL LLC removed 868,763 shares (-25.7%) from their portfolio in Q3 2024, for an estimated $2,354,347
- CASTLEKNIGHT MANAGEMENT LP removed 857,384 shares (-64.6%) from their portfolio in Q3 2024, for an estimated $2,323,510
- GOLDMAN SACHS GROUP INC removed 541,974 shares (-93.2%) from their portfolio in Q3 2024, for an estimated $1,468,749
- GSA CAPITAL PARTNERS LLP added 473,212 shares (+665.0%) to their portfolio in Q3 2024, for an estimated $1,282,404
- BANK OF MONTREAL /CAN/ added 266,600 shares (+inf%) to their portfolio in Q3 2024, for an estimated $722,486
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
WEST JORDAN, Utah, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that it has named Jeff Dunn as its new Chief Merchandising Officer, effective immediately. In his position, Dunn will be responsible for the company’s merchandising, planning and private label development strategies.
“We are pleased to welcome Jeff as our new Chief Merchandising Officer,” said Paul Stone, Sportsman’s Warehouse President and Chief Executive Officer. “He brings decades of experience and a proven track record in driving strategic growth through innovative merchandising focused on the needs of the customer. As we continue to refine the experience for our outdoor enthusiasts, Jeff’s leadership will be instrumental in reshaping how we approach merchandising to deliver on our promise of Great Gear & Great Service.”
Dunn is a proven leader with more than 35 years of omni-channel merchandising and leadership experience. He has a strong track record of developing customer focused merchandising strategies, aligning teams, and building supplier relationships to drive results. Jeff spent 25 years in merchandising with Walmart / Sam’s Club, which included responsibility for buying, planning, replenishment and product development in the categories of hunting, fishing, camping, sport shooting, exercise and team sports. His addition reflects Sportsman’s Warehouse’s commitment to adding top-tier talent, driving innovation and an enhanced customer experience.
“I am excited to join the talented team at Sportsman’s Warehouse where I can leverage my years of outdoor sporting goods experience,” states Dunn. “As a lifelong advocate for outside adventures, I share a similar passion as many of our customers and look forward to consistently delivering the great gear needed to enjoy the outdoors. I look forward to building on the company’s legacy, collaborating with our suppliers, and working closely with our outfitters to grow our share of the market.”
About Sportsman’s Warehouse Holdings, Inc.
Sportsman’s Warehouse Holdings, Inc. is an outdoor specialty retailer focused on meeting the needs of the seasoned outdoor veteran, the first-time participant, and everyone in between. We provide outstanding gear and exceptional service to inspire outdoor memories.
For press releases and certain additional information about the Company, visit the Investor Relations section of the Company's website at www.sportsmans.com .
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include, but are not limited to, statements regarding the responsibilities of Mr. Dunn as the Chief Merchandising Officer to grow and support the company’s omni-channel business by the fact that they use words such as “aim,” “anticipate,” “assume,” “believe,” “can have,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “likely,” “may,” “objective,” “plan,” “positioned,” “potential,” “predict,” “should,” “target,” “will,” “would” and similar terms and phrases. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management’s beliefs and assumptions. We derive many of our forward-looking statements from our own operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that predicting the impact of known factors is very difficult, and we cannot anticipate all factors that could affect our actual results. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to many factors including, but not limited to: current and future government regulations, in particular regulations relating to the sale of firearms and ammunition, which may impact the supply and demand for the Company’s products and ability to conduct its business; the Company’s retail-based business model which is impacted by general economic and market conditions and economic, market and financial uncertainties that may cause a decline in consumer spending; the Company’s concentration of stores in the Western United States which makes the Company susceptible to adverse conditions in this region, and could affect the Company’s sales and cause the Company’s operating results to suffer; the highly fragmented and competitive industry in which the Company operates and the potential for increased competition; changes in consumer demands, including regional preferences, which we may not be able to identify and respond to in a timely manner; the Company’s entrance into new markets or operations in existing markets, including the Company’s plans to open additional stores in future periods, which may not be successful; the Company’s implementation of a plan to reduce expenses in response to adverse macroeconomic conditions, including an increased focus on financial discipline and rigor throughout the Company’s organization; impact of general macroeconomic conditions, such as labor shortages, inflation, rising interest rates, economic slowdowns, and recessions or market corrections; and other factors that are set forth in the Company's filings with the SEC, including under the caption “Risk Factors” in the Company’s Form 10-K for the fiscal year ended February 3, 2024, which was filed with the SEC on April 4, 2024, and the Company’s other public filings made with the SEC and available at www.sec.gov . If one or more of these risks or uncertainties materialize, or if any of the Company’s assumptions prove incorrect, the Company’s actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Investor Contact:
Riley Timmer
Vice President, Investor Relations
Sportsman’s Warehouse
(801) 304-2816
[email protected]