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.
5.11 Opens Store In West Palm Beach, FL
Tactical apparel and gear company 5.11 has opened a brick-and-mortar retail store in West Palm Beach, FL, providing another building block to the company’s 2018 retail expansion goal of 50 company-owned retail stores.
Aisle Talk Week of September 24
Top headlines from the active lifestyle industry you may have missed this week, including Amazon opening Amazon 4-star, a new physical store where everything for sale is rated four stars and above, is a top seller or is new and trending on Amazon.com.
Bass Pro Sues Startups From Ex-Cabela’s Employees
Bass Pro is suing two startup retailers in Sidney, NE, started by former Cabela’s managers, charging they stole proprietary information and violated non-compete agreements in starting their businesses.
Shareholders Win Vote Urging Smith & Wesson Maker To Review Safety Efforts
Investors in American Outdoor Brands Corp., the parent of Smith & Wesson, on Tuesday won a shareholder vote urging the firearms maker to do more to address gun violence. The proposal asks the company to track shootings involving their products and consider investing more in technology to prevent their unauthorized use. Nearly 70 percent of investors in Sturm, Ruger & Co. backed a similar shareholder proposal at that company in May.
Retail Reports Roundup
Studies arrived last week including Nike dominating apparel brands’ preferences, mixed views on social commerce, AI benefits to supply-chain efficiency, wide-ranging checkout opportunities and free delivery’s expanding appeal as well as another merry holiday forecast.
Aisle Talk Week of September 17
Top headlines from the active lifestyle industry you may have missed this week, including sales growth at Gregory Mountain Products and High Sierra helping Samsonite International S.A.’s financial performance in the six months ended June 30.
