SGB Sportsmans

National Retail Federation Survey Sees Uptick in Holiday Spending

A NRF survey found that consumers expect to spend $875 on average on holiday gifts, decorations, food, and other seasonal items this year, up 5.0 percent from $833 on average that consumers planned to spend in 2022 and in line with the average consumer holiday budget over the last five years.

Fortress Safe Biometric Gun Safes Recalled

Fortress Safe recalled about 61,000 of its Biometric Gun Safes. The Consumer Products Safety Commission said it is aware of a recent lawsuit alleging a 12-year-old boy died from a firearm obtained from one of the safes. 

ICSC Sees Holiday Sales Expanding 3.8 Percent

Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast. The agency also forecasted a 7.6 percent increase in F&B, bringing the total expected spend for the season to $1.60 trillion.

Deloitte Sees 2023 Holiday Spending Returning to Pre-Pandemic Levels

Deloitte is forecasting that holiday spending this year will surpass pre-pandemic levels for the first time.  Consumers surveyed for the report plan to spend an average of $1,652 during the shopping season—a 14 percent year-over-year increase, though a modest four-year CAGR of 2.5 percent reflecting a normalization of trends.

EXEC: Vista Outdoor’s Guidance Cut Surprises Wall Street

Analysts said Vista Outdoor’s agreement to sell its Sporting Products segment business to Czechoslovak Group (CSG) for $1.91 billion appeared largely in line with the businesses’ valuation. Vista’s 24 percent stock drop on Monday was attributed to Vista’s sharp guidance cut tied to the deteriorating Outdoor Products business.

Sea to Summit Appoints Board Chair

The global adventure equipment brand headquartered in Perth, Western Australia appointed former Nestlé SVP Wayne England as the new chair of the company’s board of directors.