Watchtower Firearms Appoints New Chief Operating Officer
Graham Kohlmeyer will play a crucial role as COO, driving the execution of Watchtower Firearms’ strategic roadmap in his new position.
NSSF Board of Governors Adds Member
Derek Sevcik is executive vice president, group publisher and operations, at Outdoor Sportsman Group. Before his current role, Sevcik was senior vice president of finance and publishing at OSG.
DHS Outlines Enforcement Actions to Support U.S. Textile Jobs
The Department of Homeland Security outlined an enhanced strategy to combat illicit trade and level the playing field for the U.S. textile industry, which accounts for over 500,000 U.S. jobs and is deemed critical to U.S. national security.
EXEC: CSG Taps JP Morgan Financing for the Vista Outdoor Ammo Deal
Czechoslovak Group issued a statement reaffirming its commitment to the proposed all-cash acquisition of Vista Outdoor, Inc.’s ammunition business for a total consideration of $1.91 billion, with fully committed financing from JP Morgan Chase.
CPSC Issues Recall Warning on Certain Refillable Fuel Bottles
CPSC issued a Notice of Violation to the seller Shenzhen Pink Vine Technology Co. Ltd., of China, but the firm has not agreed to recall these fuel bottles or offer a remedy to consumers.
Massimo Group Closes IPO; Commences Nasdaq Listing
The manufacturer and distributor of powersports vehicles and pontoon boats, closed on the initial public offering of 1,300,000 shares of its common stock at an IPO price of $4.50 per share.
Bridging DTC and Wholesale: Your Brand’s Path to Sales
Discover how blending DTC and wholesale strategies with a dash of tech can boost your brand’s sales and market presence.
EXEC: Sportsman’s Warehouse Kicks Off ‘Spring Reset’ to Clean Inventory, Grow Sales
Wall Street reacted positively to the planned changes and the Q4 earnings beat as SPWH shares surged 21 percent on Thursday to close at $3.79 a share. The inventory reduction efforts was said to be $10 million better than planned.
Consumer Confidence Index Flat in March, but Outlook Index May Signal Trouble Ahead
The Consumer Confidence Index was 104.7 in March, essentially unchanged from February. But the Expectations Index, based on consumers’ short-term outlook for income, business and labor market conditions, fell to 73.8, which is in recession territory.
NRF: Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year-over-year, slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending.
Sportsman’s Warehouse Posts DD Same-Store Sales Decline in Q4; Swings to Loss
The retailer reported lower-than-expected Q4 sales for the 14-week period ended February 3, but indicated it was successful in reducing excess inventory. Same-store sales decreased 12.8 percent on a 13-week comparable basis.
Gordon Brothers Acquires Catch Co. Assets
Catch Co. brands include Mystery Tackle Box, 10,000 Fish, BioSpawn, Hard Hat Jigs, Heavy Metal Tungsten, Stickies Hooks, and collaborations.
NSSF: Adjusted NICS Background Checks Decline 7.4 Percent
For comparison, the unadjusted March 2024 FBI NICS figure of 2,497,577 reflects a 15.5 percent decrease from the unadjusted FBI NICS figure of 2,954,230 in March 2023.
Archery Trade Association Makes Board Appointments
ATA appointed Jason Harris, director of marketing and product management for Primos Hunting, to its Board of Directors.
Krieghoff Announces Top Three Dealers Worldwide
DuPont/Krieghoff, based in Vero Beach, FL, leads the pack with the 2023 Gold Award. With retail stores in Michigan and California, Pacific Sporting Arms earned the 2023 Silver Award. Paxton Arms, based in Richardson, TX, led by Robert Paxton and Mary DiGiovanni, earned the 2023 Silver Award.
