Can Sportsman’s Warehouse Sustain Firearms Growth?
Firearms and ammunition revenue growth boosted Sportsman’s Warehouse in the first quarter, but it’s too soon to say how much the retailer is benefiting from its competitors pulling out of gun sales and how well these categories will perform throughout the year.
Sportsman’s Warehouse’s Q1 Comps Climb 3.4 Percent
Sportsman’s Warehouse widened the company’s loss slightly in the first quarter, but both the loss and sales came in at the high end of expectations. Same-store sales were up 3.4 percent in the quarter ended May 5.
Sportsman’s Warehouse Amends Revolving Credit Facility And Refinances Term Loan
Sportsman’s Warehouse Holdings Inc. announced that, on May 23, 2018, the company amended an existing credit agreement to increase the borrowing capacity under the company’s existing revolving credit facility by $100 million to $250 million, subject to a borrowing base calculation, and to provide for a new $40 million term loan.
LL.Bean Chairman Urges UNH Grads To Lead ‘Adventure-Filled” Lives
In his commencement address for the University of New Hampshire’s 2018 graduating class, Shawn Gorman, L.L.Bean’s chairman, called the outdoors “a critical antidote to this hyper-competitive, hyper-stressed, tech-driven world we live in.” While technology powers the world in wonderful ways, “it will never fill your soul like a sunrise in the mountains,” he said.
Idaho’s Turner’s Sportsfair Closes
Turner’s Sportsfair, a bar and tackle shop on State Street in Boise, ID, has closed.
U.S.-China Trade War ‘On Hold’ … But Should Companies Remain Wary?
The looming trade war with China that dominated headlines all spring and forced U.S. companies to fear heavy tariffs on their imports is now on hold. But is it really?
Sig Sauer Hires Brad Criner
Sig Sauer Inc., the maker of firearms, announced that Brad Criner has joined Sig Sauer as senior director, brand management and business development of ammunition.
Aisle Talk Week Of May 14
Top headlines from the active lifestyle industry you may have missed this week.
Remington Exits Chapter 11 Bankruptcy
Nearly two months after filing for bankruptcy protection, Remington Outdoor Company claims the company has emerged after successfully implementing a plan that will reduce debt levels and provide more stable financing that may help the company ride out a slowing market for firearms.
Boot Barn Tops Guidance On Double-Digit Comp Growth
Boosted by significant improvement in the retailer’s ladies business and the roll out a new performance-boot platform, Boot Barn reported same-store sales grew 12.1 percent in the fourth quarter ended March 31 while earnings came in well ahead of guidance.
Gander Outdoors Sets Opening For Eden Prairie
Gander Outdoors, formerly known as Gander Mountain, is now open in Eden Prairie, MN.
Camber Outdoors Announces OR Summer Market Events
Camber Outdoors has announced its lineup of events during the Outdoor Retailer Summer Market 2018 in Denver, CO. The events are focused on advancing the active-outdoor industries through convening and conversations on equity, inclusion and intersectionality.
April Retail Sales Up 2.8 Percent YOY
April retail sales increased 0.4 percent seasonally adjusted over March and 2.8 percent year-over-year as consumers continued to spend, the National Retail Federation said Tuesday. The numbers exclude automobiles, gasoline stations and restaurants.
Clarus Corp. To Expand In Utah
The Governor’s Office of Economic Development (GOED) in Utah announced Clarus Corporation, parent company of Black Diamond Equipment, will expand in Utah over the next eight years, adding up to 147 high-paying jobs, $8.9 million in new state revenue and $40 million in capital investment.
Academy Sports To Open New Store In Columbus
Academy, Ltd. (d/b/a Academy Sports + Outdoors), announced that it will open a new store in Columbus, GA, next month.
