SGB Sportsmans

NSSF: Firearms Industry Economic Impact Surges 322 Percent Since 2008

The total economic impact of the firearm and ammunition industry in the United States increased to $80.73 billion in 2022 from $19.1 billion in 2008, a 322 percent increase, while the total number of full-time equivalent jobs rose to over 393,696 from approximately 166,000, a 136 percent increase in that same period, according to a report released by the NSSF, the firearm industry’s trade association.

Walmart Closes Four Stores In Chicago

Walmart reported it will close four of its eight stores in Chicago after stating the stores were losing “tens of millions of dollars a year, and the retailer’s annual losses nearly doubled in just the last five years.”

Sportsman’s Warehouse Q4 Profits Decline On Double-Digit Comps Decline; CEO To Retire

Sportsman’s Warehouse Holdings, Inc. announced that John Barker, CEO, plans to retire as CEO and director, effective April 14, to spend time on personal interests. Joseph Schneider, the current Board chair, has been appointed interim CEO. The change comes as the retailer reported fourth-quarter earnings declined sharply against strong year-ago results and although EPS slightly exceeded Wall Street’s targets.