Smith & Wesson Promotes Sue Cupero To Senior Director Of Sales
Smith & Wesson Corp. stated that Sue Cupero has been promoted to the newly created position of senior director of sales for Smith & Wesson.
Holiday Selling Starts Off With A Bang
According to reports from the National Retail Federation (NRF), Adobe and ComScore, sales surged ahead from Thanksgiving through Cyber Monday, providing a heap of optimism for the rest of the holiday selling season. Not surprisingly, online purchases again strongly led the gains and smartphones expanded as a key driver of transactions.
NRF Finds Robust Holiday Start
From Thanksgiving Day through Cyber Monday, more than 174 million Americans shopped in stores and online during the just-concluded holiday weekend, beating the 164 million estimated shoppers from an earlier survey by the National Retail Federation and Prosper Insights & Analytics.
Maurice Sporting Goods Fetches $39 Million Stalking Horse Bid In Bankruptcy Proceedings
Middleton Partners has agreed to pay $39 million to acquire Maurice Sporting Goods in bankruptcy proceedings. Middleton Partners will service as a stalking horse bidder to support an auction in bankruptcy court in Wilmington, DE.
Lauren Hobart Makes Appearance In Dick’s Holiday Campaign
Lauren Hobart, who was promoted to president of Dick’s Sporting Goods in May, makes an appearance in several executions of Dick’s Sporting Goods’ holiday television commercials.
Moody’s Reduces Remington Outdoor’s Debt Grade
Moody’s Investors Service downgraded Remington Outdoor Company, Inc.’s Corporate Family Rating to Caa1 from B2 due to its weak operating performance and credit metrics, including high leverage. The downgrade also reflects Moody’s expectation that Remington’s operating performance will not meaningfully improve in the next year or two.
Rocky Brands Announces Sale Of Creative Recreation Brand
Rocky Brands Inc. announced the sale of its Creative Recreation brand to a private investment group.
Black Friday Background Checks Soar To Record High
The FBI said it fielded 203,086 background check requests for gun purchases on the day after Thanksgiving — the highest daily total ever.
Aisle Talk, Week Of November 20
Top headlines from the active lifestyle industry you may have missed this week.
Cabela’s To Open On Thanksgiving
Cabela’s, which was acquired by Bass Pro on September 25, will be open on Thanksgiving for what appears to be the first time in its history.
Maurice Sporting Goods’ Trip To Bankruptcy Court
In court papers, Maurice Sporting Goods blamed challenges consolidating its U.S. distribution centers, debt taken on from recent acquisitions and the spate of bankruptcies in the sporting goods industry as the reasons for its bankruptcy filing.
Maurice Sporting Goods Files For Bankruptcy, Pursues Sale
Maurice Sporting Goods Inc., one of North America’s largest distributors of outdoor sporting goods, announced that it has reached a definitive agreement to sell its assets to Middleton Partners. To facilitate the transaction, Maurice and its subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Sportsman’s Warehouse Trims EPS Outlook On Promotions/Ammunition Deflation
Sportsman’s Warehouse Holdings Inc. lowered its EPS guidance for the full year due to expectations that the heightened promotional climate and price-compression in ammunition will not let up in the fourth quarter.
Aisle Talk, Week Of November 13
Top headlines from the active lifestyle industry you may have missed this week.
Wall Street Reacts: Dicks Q3
For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.
