SGB Sportsmans

Vista Outdoor Hires General Counsel for Revelyst

Vista Outdoor, Inc. has hired Jung Choi as general counsel and corporate secretary for Revelyst, its Outdoor Products business, following the announced spin-off of its Outdoor Products segment into a standalone public company.

Scheels to Build Second Texas All Sports Store in 2024

Construction on the new 240,000-square-foot All Sports store will begin early next year at CedarView in CedarPark, TX. The Cedar Park Scheels joins The Colony location which opened in a North Dallas suburb in 2020, expanding the company’s reach across the state.

FN America Breaks Ground on Second SC Manufacturing Plant

The manufacturing facility, built on FN’s foundation and history within the state, will be located in the Pickens County Commerce Park in Liberty, SC. The company will invest $33 million to construct the future 100,000-square-foot space over two phases.

Timberland Eyewear Drops Round Keyhole Sunglasses

Aligned with Timberland’s sustainability initiatives, the frames in this collection incorporate bio-based injected plastic and acetates, with percentages ranging from 35 percent to 80 percent depending on the style.

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.