EXEC: Wall Street Reacts to Tariff News but Port Traffic Decline May Reflect a Sad Reality
The Dow and the S&P 500 both bounced on April 22 after U.S. Treasury Secretary Scott Bessent, Trump’s primary negotiator on tariff deals, said that he believes the Administration’s ongoing tariff war with China will de-escalate soon because the rift is not sustainable.
Rural King Opens New Kingsport Store
The store carries a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
Ammo, Inc. Completes Sale of Ammunition Manufacturing Assets to Olin Winchester
This transaction represents Ammo’s move into a high-margin, tech-enabled e-commerce company centered around GunBroker.com.
Buying Group Pioneer Don Pfau Passes Away
Throughout a long and storied life, Prau remained committed to Sports, Inc.’s success and prominence in the sporting goods industry. The group has grown to over 600 from the original seven members, selling billions of dollars in sporting goods from coast to coast.
EXEC: Colt CZ Group Provides Insight of Tariffs Impact
For the time being, the company said it will not revise its guidance for 2025 until it evaluates potential scenarios, including developments in the commercial market in the U.S.
Revelyst Transitions President Role at Precision Sports Technology Platform
Jeff Foster is assuming the role as president of the company’s Precision Sports Technology segment as Jon Watters and Scott Werbelow, co-presidents and Foresight Sports co-founders, move into special adviser roles with the company.
Play it Again Sports Parent Gets Q1 Bottom-Line Bump from Settlement
The run-off of the franchisor’s leasing portfolio for the Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round retail brands that was first announced in May of 2021 is “substantially complete.”
Under Armour Appoints Three New Members to Board of Directors
Effective April 15, Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney joined the company’s Board of Directors, which also includes Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, David W. Gibbs, Karen W. Katz, Eric T. Olson, Kevin A. Plank, and Patrick W. Whitesell.
BioLite Acquires Goal Zero
The individual BioLite and Goal Zero brands will reportedly continue in the marketplace while combining core sales, operations, marketing, and engineering teams. The combined business will operate as BioLite Energy under leadership of BioLite Founder Jonathan Cedar.
Ruger Appoints VP of Strategy & Business Development
Ben Quinn is expected to serve as a key advisor to the executive team and play a central role in supporting cross-functional collaboration, enhancing operational efficiency and aligning enterprise-wide objectives.
Kuiu Taps Noble Biomaterials for Newest Antimicrobial Technology in Hunting Apparel
Kuiu’s new Velocity tee is the first product available that uses Noble’s latest citric acid-based antimicrobial solution and is said to be the beginning of many new fabric developments planned between Kuiu and Noble.
CNBC/NRF Retail Monitor Sees March Y/Y Retail Sales Growth Accelerate
Growth in the Clothing, Footwear and Accessories Stores sector softened from the January and February trends, while the industry that includes Sporting Goods stores accelerated versus January and February periods, according to the CNBC/NRF Retail Monitor for March.
Yamaha U.S. Marine BU Promotes Dean Burnett to VP, Marine Business
Burnett oversees the Yamaha U.S. Marine Development and Advanced Development teams and Yamaha’s Boat Business Unit, which includes the WaterCraft Business Group, G3 Boats and Skeeter Boats.
NSSF: Firearm Industry Contributes $866M to Wildlife Conservation Since 2008
The firearm industry trade association is reporting the total economic impact of the firearm and ammunition industry in the U.S. increased from $19.1 billion in 2008 to $91.7 billion in 2024, a 379 percent increase.
NRF Expected Cargo Traffic to Drop Dramatically Before Latest Tariff Moves
The latest Global Port Tracker report released on April 9 by the NRF and Hackett Associates suggests cargo traffic will drop dramatically beginning next month; however, that outlook might change given the changes in the tariff picture.
