ANOKA, Minn. (BRAIN) Vista Outdoor’s Action Sports business unit recorded net sales of $496 million in its most recent fiscal year, a 23% increase from the prior year. Much of the sales increase was due to the addition of revenue from recently acquired brands including Fox Racing, which Vista Outdoor bought last July.
SCOTTS VALLEY, Calif. (BRAIN) Sources at Bell and Giro tell BRAIN that the Vista Outdoor brands made significant staff layoffs this week, especially in the marketing, brand, and creative departments. One source said Vista Outdoor is closing the Bell/Giro facility in Scotts Valley and consolidating the brands' staff at the Fox Racing headquarters in Irvine. A Vista Outdoor
Vista Outdoor said part of the pressure for Fox Racing is coming from its sizable international business, which has been negatively impacted by exchange rates.