Compass Diversified Acquires Lifoam Industries
Compass Diversified announced that its subsidiary, Altor Solutions, a manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, completed its previously announced acquisition of Lifoam Industries, LLC.
CheaperThanDirt Acquired by 2A Group
Based in Fort Worth, TX, the CheaperThanDirt.com brand offers a wide range of ammunition, shooting accessories, and outdoor gear. It began as a mail-order catalog business in the early 90s.
USA Archery Appoints Four New Staff Members
The four new employees and roles include Kyle Bissell (Education Manager), Allison Collins (International teams manager), Madison Cox (State and Local event manager), and Amanda Mangum (director of events). USAA also promoted Brad Fiala to national events manager.
Dockworkers Now on Strike at East and Gulf Coast Ports
The strike spans from Maine to Texas and blocks everything from food to auto shipments across dozens of ports. Analysts have warned that this could cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation.
GSM Outdoors Acquires K&E Tackle
The company continues to grow its portfolio with the acquisition of K&E Tackle, whose brands include Stopper Lures, Carlisle Floats, Bear Creek, Best Tackle, and Arnold Tackle.
Simon Property Group “Meet Me @the Mall Campaign” Targets Gen Z Consumer
The Group’s Meet Me @themall campaign “blends 1980s and 1990s nostalgia with a new generation who want to shop, eat, stay, and play at the mall as much as their parents do.”
Retay USA Hires Maschmedt & Associates for Sales Representation
Retay USA retained Maschmedt & Associates to represent the firearms brand across 24 states.
Union Sees U.S. East Coast Port Strike Starting on Tuesday
The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. The strike would involve 85,000 ILA members and impact ports from Maine to Texas.
Riomar Luxury Bag Collection: Transitions Between Life’s Adventures
Inspired by Florida’s watermen, the collection offers products built to withstand the demands of travel while maintaining style and organization. “We wanted to create high-quality, multi-functional products that support an active and dynamic life, no matter where your travels take you.”—Lange Sykes, Founder, Riomar
Asics Global State of Mind Study: The Desk Break Experiment
Asics enlisted actor Brian Cox to take on the role of the world’s scariest boss to highlight the real threat to our mental health—the desk we work at every day. Asics Global Study found tour mental state starts to decline after only two hours of continuous desk-based working, but just 15 minutes of exercise can help to reverse the effects.
FluidLogic Investors Look to Expand Hydration Systems to Consumer Categories
The company said this investment will fund new product development and innovation for consumer products in the adventure sports and outdoor endurance categories expected to be available in early 2025.
Thorogood Brand Parent Breaks Ground on New Wisconsin Facility
Weinbrenner Shoe Company, Inc., the parent company of the Thorogood brand, is breaking ground on a new state-of-the-art facility in Marshfield, WI.
American Outdoor Brands Board Approves Share Repurchase Program
The program follows the company’s prior share repurchase program approved last year, which authorized the repurchase up to $10.0 million of AOUT shares that resulted in 412,735 shares repurchased at an average price of $8.70 per share, or roughly $3.6 million in the aggregate.
Report: Holiday E-Commerce to Grow 8.4 Percent; Cyber Monday May Lag Overall Gains
Cyber Week, the five-day period including Thanksgiving, Black Friday and Cyber Monday, is expected to drive $40.6 billion in online spend this year, up 7.0 percent y/y and representing 16.9 percent of the overall Holiday selling season.
MidwayUSA Begins Construction on New Administration Building
Construction is estimated to be completed in Q4 of 2025. Along with the 400,000-square-foot Washington Distribution Center, the new administration building will complete the current plans for the new MidwayUSA campus.
