SGB Executive Sportsmans

Is Casual Participation Growth More Important Than Core Growth?

Among the sports seeing healthier gains in core versus casual participants were a number of fitness-oriented activities, including yoga, cross training, bodyweight exercise & bodyweight accessory-assisted training, weight/resistance machines, treadmill and kettlebells. Others seeing higher growth in core versus casual participation included adventure racing, field hockey, volleyball (grass), target shooting (rifle) and mixed martial arts for competition.

Remington Outdoor Undergoes Layoffs Amid Weakness In Firearms Sales

Remington wrote in its report. “We believe the change in the presidential administration has partially contributed to the industry slowdown in early 2017. These dynamics have led to higher or increasing inventory levels in the market associated with certain hunting and shooting related products.

Gander Mountain Still Hopes For Going-Concern Sale

Despite reaching a deal with a group of liquidators to become the stalking horse bidder in a planned bankruptcy auction, Gander Mountain said it remains in talks with strategic investors interested in buying the retailer on a going-concern basis.

Sportsman’s Warehouse Already Sees Comps Dropping In 2017

Sportsman’s Warehouse reported fourth-quarter earnings that were slightly below guidance due to the slowdown in firearms sales following the presidential election. Due to tough year-ago comparisons amid the slowdown, the hunt & fish specialist also predicted a double-digit comp decline in the first quarter and a mid-single-digit comp decline for the year.

L.L.Bean Weathers Boycott Threats

Apparently skirting any major impact from calls for a boycott over political contributions, L.L.Bean was able to deliver sales in 2016 that were flat against the prior year.

Canada Goose Shares Soar On IPO Debut

The IPO offering of 20 million shares was priced at CA$17, or about U.S.$12.78 and opened at U.S.$18.05 in trading on the New York Stock Exchange. By late Thursday afternoon, shares had settled to close at U.S.$16.08, up 25.8 percent from its IPO price.

Gander Mountain Details Liquidity Crisis

In an affidavit urging the U.S. Bankruptcy Court District Of Minnesota to support its financing needs, Gander Mountain indicated that it has accumulated “substantial operating losses over the past two fiscal years” as a result of many of the challenges faced by other chains entering bankruptcy proceedings over the last year.