CODI Prices $100 Million Share Offering
Compass Diversified Holdings (CODI), owner of 5.11, Crosman, Liberty Safe and a number of other middle market businesses, priced a $100 million public offering of 4 million of its 7.875 percent series B fixed-to-floating rate cumulative preferred shares.
NSSF Appoints Sig Sauer’s Tom Taylor To Board Of Governors
The National Shooting Sports Foundation Board of Governors announced the appointment of its newest board member, Tom Taylor, chief marketing officer and executive vice president, commercial sales, of Sig Sauer.
American Outdoor Brands Responds To BlackRock Inquiries
In response to inquiries from asset manager BlackRock Inc. on its commitment to gun safety, the parent of Smith & Wesson wrote in part, ”We must collectively have the courage to ensure any actions are guided by data, by facts, and by what will actually make us safer — not by what is easy, expedient, or reads well in a headline.”
Dick’s And Wal-Mart Sued Over Age Limitations On Gun Sales
An 20-year-old from Oregon sued Dick’s Sporting Goods and Wal-mart for discrimination because both retailers moved to restrict gun sales to adults 21 and older in the wake of the Florida high school massacre, according to the Oregonian.
Gander Outdoors Announces Grand Opening At DeForest, WI Location
Gander Outdoors, formerly known as Gander Mountain, is opening this week in DeForest, WI.
Any Metal Tarriffs Unlikely To Impact Sporting Goods Industry
President Donald Trump’s announcement that he plans to order new tariffs on steel and aluminum isn’t likely to impact sporting goods or outdoor gear suppliers, according to analysis by the Sports & Fitness Industry Association (SFIA).
Gander Outdoors Sets Openings For Wisconsin And Michigan
Gander Outdoors, formerly known as Gander Mountain, has opened stores in Rothschild, WI and Marquette, MI.
Firearms Background Check Declines Moderate In February
The National Shooting Sports Foundation (NSSF) reported that February 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) was down 2 percent versus the year ago.
Garmin Selected As Exclusive Marine Electronics Supplier To IBBI
Garmin International, Inc., a unit of Garmin Ltd., announced that is has been selected as the exclusive marine electronics supplier for the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands.
Rocky Brands Announces New Share Repurchase Program
Rocky Brands Inc. announced that its board of directors has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock.
LL Bean Raises Age To Buy Rifles To 21
L.L. Bean became the latest retailer to announce that it will no longer sell guns or ammunition to customers younger than 21.
Aisle Talk, Week of February 26
Top headlines from the active lifestyle industry you may have missed this week.
American Outdoor Brands Sees No Firearms Rebound Arriving Soon
James Debney, president and CEO of the parent of Smith & Wesson, Battenfeld Technologies and Crimson Trace, said that he still believes the firearms market will eventually return to long-term growth but it will be a “lower to slower pace than experienced in the last 10 years.”
REI And MEC Suspend Shipments From Vista Outdoor
Both REI and Canada’s MEC (Mountain Equipment Co-op) late Thursday said they have suspended orders from Vista Outdoor due to the company’s manufacture of semi-automatic rifles. Vista Outdoor’s brands in the outdoor and cycling space include Bell, Blackburn, Bollé, Bushnell, CamelBak, Camp Chef, Giro and Jimmy Styks. CamelBak issued a statement on the changes.
American Outdoor Brands’ Profits Plunge On Weak Revenues
American Outdoor Brands, the owner of Smith & Wesson, Battenfeld Technologies and Crimson Trace, reported sales in the fourth quarter slumped 32.6 percent to $157.4 million.
