Cabela’s-Bass Pro Merger To Close September 25
Cabela’s Inc. said in a regulatory filing that it expects to to complete its merger with Bass Pro on September 25.
American Knife & Tool Institute Introduces Freedom Of Commerce Act
The American Knife & Tool Institute (AKTI) and Senator Mike Crapo announced the introduction of the Freedom of Commerce Act, legislation that will repeal the Federal Switchblade Act of 1958 (15 U.S.C. § 1241 – 1244) and allow consumers to purchase any automatic knife legal in their state, regardless of where it was manufactured.
American Outdoor Brands Slashes Guidance Amid Ongoing Firearms Softening
American Outdoor Brands slashed its earnings guidance for its fiscal year after reporting first-quarter results that missed expectations.
Aisle Talk, Week Of September 4
Top headlines from the active lifestyle industry you may have missed this week.
Nikwax Awards KNS Reps Agency Of The Year
Nikwax named KNS Reps as its Agency of the Year. KNS has represented Nikwax in the Rocky Mountain region for multiple years.
American Outdoor Brands Sees Steep Q1 Sales Decline
American Outdoor Brands, formerly Smith & Wesson, reported a loss in the first quarter ended July 31 on a 37.7 percent drop in sales.
Synovus Receives Regulatory Approval To Complete Cabela’s Transaction
Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., said it received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (WFB), the credit card operation of Cabela’s Inc.
NRF Lowers 2017 Forecast Following Government Data Revision
The National Retail Federation adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7 to 4.2 percent forecast earlier this year.
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
Dick’s SG Announces Grand Opening Of 10 New Stores In Six States
Dick’s Sporting Goods will be opening eight new Dick’s Sporting Goods stores and two new Field & Stream stores in the first half of September.
Academy Providing More Than $2.5 Million In Hurricane Harvey Aid
The donations include up to $1.5 million in direct financial assistance for immediate relief to those who were affected by Hurricane Harvey, including many team members and their families, as well as numerous supplier contributions in excess of $1 million.
Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
Crosman Corp. Appoints VP Of Finance
Crosman Corporation, the manufacturer of airguns, archery products, optics, laser gun sights and related accessories, announced the hiring of Dan Maier as vice president of finance.
KL Outdoor/GSC Technologies Land New Headquarters In Muskegon
New Water Capital portfolio company KL Outdoor/GSC Technologies will base its corporate and manufacturing operations in Muskegon, generating 153 jobs and a total $9.2 million in new investment in the region.
Academy Sports Taking Leading Role In Harvey Recovery Efforts
Academy Sports + Outdoors, based in the Houston area, has reopened most of its stores impacted by Hurricane Harvey and has stepped up to play a major role in recovery efforts.
