Aisle Talk, Week of March 5
Top headlines from the active lifestyle industry you may have missed this week.
Bass Pro Provides Details On Cabela’s HQ Buyouts
Bass Pro said Thursday that 290 Cabela’s employees located in Sidney, NE will leave the company this week as part of a voluntary buyout program. Another 390 former Cabela’s employees also applied for buyouts, but no immediate action will be taken on those.
CODI Sees 2017 Gains for 5.11, Crosman; Liberty Safe Declines
Compass Diversified Holdings (CODI) reported revenues at 5.11 Tactical grew 5 percent and Crosman added 1.1 percent in 2017 while sales at Liberty Safe were down 11.4 percent.
Under Armour’s Sports Sponsorship Commitments Retreat In 2017
According to Under Armour’s just-filed 10K report, future sports marketing commitments fell 13.6 percent at the close of the year, reflecting the company’s overall efforts to reduce its cost structure.
Poll: Dick’s Favorability Rating Remain “Fairly Stable” Following Gun Sale Policy Change
According to analysis from Morning Consult Brand Intelligence, Dick’s Sporting Good’s overall net favorability has remained fairly stable since its announcement on February 28 that it would tighten restrictions on gun sales.
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.
