Author: SGB Media

American Sportfishing Association Appoints New Officers

October 16, 2018 SGB Update

The American Sportfishing Association (ASA) appointed a new executive committee as well as ex-officio members to the board of directors during the 2018 Sportfishing Summit, the recreational fishing industry’s annual business meeting held October 9-12, just outside Charleston, SC.

Yeti Valued At $1.7 Billion In IPO

October 16, 2018 SGB Update

Yeti Holdings Inc.’s initial public offering values the company at $1.7 billion, according to an updated filing with the Securities & Exchange Commission. The high-end cooler maker is selling 2.5 million shares and current shareholders are selling 17.5 million shares.

Bass Pro, Cabela’s To Hire 7,000 Seasonal Positions

October 15, 2018 SGB Update

Bass Pro Shops is looking to hire approximately 7,000 seasonal workers to prepare for the holiday shopping season and the return of its popular Santa’s Wonderland experience. Cabela’s locations will be participating in Santa’s Wonderland for the first time this year.

September Retail Sales Increased 3 Percent

October 15, 2018 SGB Update

Retail sales in September increased 0.4 percent over August on a seasonally adjusted basis and were up 3 percent year-over-year unadjusted, according to calculations released by the National Retail Federation. Sporting goods stores sales were down 6.3 percent unadjusted year-over-year and up 0.7 percent seasonally adjusted from August.

Hillsound Equipment Adds To Growing Sales Team

October 15, 2018 SGB Update

Hillsound Equipment, a producer of winter traction equipment and gaiters for outdoor enthusiasts, has partnered with Mullins Outdoors to further the distribution of their products in the Midwest markets.

Huron Capital’s IQ Brands Acquires Wheel House Designs

October 15, 2018 SGB Update

Huron Capital announced the company’s socks and apparel accessories platform, IQ Brands, has acquired Wheel House Designs, a producer of novelty socks to specialty stores and boutiques throughout North America. The deal marks the fourth add-on acquisition for the IQ Brands platform.

OIA Appoints VP Of Government Affairs

October 15, 2018 SGB Update

The Outdoor Industry Association (OIA) announced that Patricia Rojas-Ungar will lead the company’s advocacy agenda as the vice president of government affairs. Rojas-Ungar is currently vice president of public affairs at the U.S. Travel Association.

Sears Files For Bankruptcy; To Close 142 More Stores

October 15, 2018 SGB Update

Sears Holdings, the parent of Sears and Kmart, filed for Chapter 11 bankruptcy early Monday morning after a long battle to stay afloat amid steep declines in sales and customer traffic. As part of the bankruptcy, Sears will shutter 142 stores toward the end of the year.

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