EXEC: Trump Admin Hits “Pause” on Most Higher Tariffs; Bumps China to 125 Percent
EXEC: Trump Threatens to Push China Tariffs to 104 Percent Total
EXEC: Trump Tariffs Hit Active Lifestyle Stocks Hard; Vietnam Hit a Big Surprise
NRF: Consumer Spending Not Unraveling; Retail Sales Growth to Continue in 2025
EXEC: Sportsman’s Warehouse Shares Surge as Analysts Buy into Progress
SGB Update
SGB Updates Will Not Publish on Good Friday, April 18
SGB Media will not publish its regular SGB Morning Update or SGB Evening Update newsletters on Friday, April 18 in observance of Good Friday. SGB will resume normal distribution on Monday, April 21.
Play it Again Sports Parent Gets Q1 Bottom-Line Bump from Settlement
The run-off of the franchisor’s leasing portfolio for the Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round retail brands that was first announced in May of 2021 is “substantially complete.”
Under Armour Appoints Three New Members to Board of Directors
Effective April 15, Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney joined the company’s Board of Directors, which also includes Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, David W. Gibbs, Karen W. Katz, Eric T. Olson, Kevin A. Plank, and Patrick W. Whitesell.
BioLite Acquires Goal Zero
The individual BioLite and Goal Zero brands will reportedly continue in the marketplace while combining core sales, operations, marketing, and engineering teams. The combined business will operate as BioLite Energy under leadership of BioLite Founder Jonathan Cedar.
Ruger Appoints VP of Strategy & Business Development
Ben Quinn is expected to serve as a key advisor to the executive team and play a central role in supporting cross-functional collaboration, enhancing operational efficiency and aligning enterprise-wide objectives.
SGB Executive
EXEC: Colt CZ Group Provides Insight of Tariffs Impact
For the time being, the company said it will not revise its guidance for 2025 until it evaluates potential scenarios, including developments in the commercial market in the U.S.
EXEC: Trump Admin Hits “Pause” on Most Higher Tariffs; Bumps China to 125 Percent
U.S. President Donald Trump either reminded the markets that he authored “The Art of the Deal” or awoke Wednesday to the reality that the U.S. bond and stock markets were going to drag down his legacy. Either way, there is broad relief coming.
EXEC: Trump Threatens to Push China Tariffs to 104 Percent Total
At issue was what Trump said was an effort to strike a trade deal with China that would be fair to both sides. China’s latest move on Friday to assess a 34 percent retaliatory tariff apparently lit the fuse as Trump threatened to add another 50 percent to the total tariff.
EXEC: Trump Tariffs Hit Active Lifestyle Stocks Hard; Vietnam Hit a Big Surprise
At issue for many in the active lifestyle market, including sporting goods, footwear, apparel, and outdoor, is the impact on goods sourced in Vietnam after many companies invested considerable time and capital in moving production there from China.
EXEC: Sportsman’s Warehouse Shares Surge as Analysts Buy into Progress
Fishing led all categories for Q4 comp growth, following by Camping. Hunting and Shooting Sports comped down, but outpaced NICS trends. The retailer is estimating fiscal 2025 net sales to be in the range of negative 1 percent to up 3.5 percent over 2024.
