Scheels To Open Store In Colorado Springs
Scheels All Sports plans to open the company’s second store in Colorado in Colorado Springs in the spring of 2021. The 220,000-square-foot store will feature a 65-foot, 16-car working Ferris wheel, giant saltwater aquarium, “wildlife mountain” of taxidermy specimens and 75 specialty shops.
Velocity Outdoor Appoints National Account Manager
Velocity Outdoor, formerly Crosman Corp., announced that Mike Lindahl has joined the company as national account manager. Lindahl is a seasoned sales and marketing professional with experience in servicing customers and driving organizational revenue growth.
Aisle Talk Week Of October 8
Top headlines from the active lifestyle industry you may have missed this week, including Asics announcing the opening of an urban, large-scale, low oxygen training center in Tokyo in September 2019.
Kevin Plank Discusses Under Armour’s Vision Quest
Speaking last week at the Advertising Week conference in New York City, Under Armour’s Kevin Plank spoke about the importance of brand values in driving sales and earning advocacy. The brand’s recent sales slump, according to the CEO, is partly because management neglected the company’s core purpose after years of growth.
RECALL: Ruger American Pistols
Sturm, Ruger & Company, Inc. has issued a product Safety Bulletin for certain Ruger American Pistols chambered in 9mm.
Cabela’s Credit Card Staffers Face Lay Offs
Capital One Financial, which bought the credit card operation of the former Cabela’s, said 153 employees in Lincoln, NE, will be laid off. In June, about 450 people had been working in Lincoln, NE, servicing the customers of the Cabela’s CLUB card, according to the Omaha-World Herald.
How To Navigate The Trade War
Companies that are subject to new tariffs on Chinese-made products might be able to mitigate some or all of the financial impact, according to David Cohen, a Washington, DC-based international trade lawyer, who spoke at the recent SFIA Industry Leaders Summit. “You’re not sitting ducks. There are ways, there are countermeasures, that companies can take.”
Wells Fargo Gives Sturm, Ruger A New Line Of Credit
Sturm, Ruger & Co. said in a regulatory filing that the company has secured a $40 million revolving line of credit with Wells Fargo & Co.
Aisle Talk Week of October 1
Top headlines from the active lifestyle industry you may have missed this week, including BSN Sports, a division of Varsity Brands and the nation’s largest direct marketer and distributor of sporting goods to the school and league markets, completing its acquisition of Port Jeff Sporting Goods (pictured).
SGB Executive Q&A: Coast Products CEO David Brands
Coast Products has a rich history. The Portland, OR-based maker of knives, multitools, headlamps, flashlights and other accessories is turning 100 next year and has been family-owned since its founding in 1919. CEO David Brands spoke with SGB about the origins of the company his grandfather created, what’s driving growth and where Coast goes from here.
Firearms Background Checks Drop In September
The September 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 919,979 represented a decrease of 9.7 percent compared to the September 2017 NSSF-adjusted NICS figure of 1.02 million.
Relief Over Recast NAFTA Deal
With fears over the arrangement being scrapped entirely, relief arrived after the U.S., and Canada came to a last-minute agreement on a revised trade deal that could replace NAFTA. While the dairy and auto industries will face some changes, the impact on the apparel and footwear sectors appears negligible.
Yeti IPO Shows Revenues Bouncing Back
Yeti is taking the company’s second crack at going public after seeing sales plunge 22 percent in 2017 and witnessing a robust recovery so far this year. The slowdown was caused by over-buying by retailers that led to a glut of inventory in the marketplace as well as a challenging retail marketplace, in part caused by the delay in the merger of Bass Pro and Cabela’s and several retailer bankruptcies.
Gamo/Daisy Adds Industry Veteran VP of Sales
Gamo USA and Daisy Outdoor Products has announced the appointment of Wisconsin native Joe Syring as the new VP of sales for both companies. He will oversee and manage the entire sales system for both of these well-known airgun companies.
Sportfishing Industry Association Elevates Staff To Senior Leadership Positions
The American Sportfishing Association (ASA) on Monday announced the appointment of three staff members to senior leadership positions within the association.
