SGB Sportsmans

NRF Acquires Reverse Logistics Association

While hundreds of retail brands offer “gently used” products for sale, others sell excess inventory at a discount. The reverse logistics industry manages the collecting, sorting, repairing, and refurbishing of products for resale or recycling.

Sportsman’s Warehouse Swings to Second Quarter Loss as Comps Fall

The 11.8 percent net sales decrease was said to be primarily due to lower demand across all product categories and a decline in store traffic resulting from the continued impact of consumer inflationary pressures on discretionary spending, partially offset by the opening of 14 new stores.

NSSF-Adjusted NICS Background Checks Slide in August

The National Shooting Sports Foundation reported that the August 2023 NSSF-adjusted National Instant Criminal Background Check System figure declined 13 percent year-over-year to 1.12 million checks year-over-year, but were up from 1.02 million checks month-over-month versus July.

Winchester Ammo Parent Sets CEO Transition Plan

Olin Corporation announced a mutual agreement that Scott Sutton would step down as president, chief executive officer and board chairman in the first half of 2024. Sutton will continue as the Board’s executive chairman until his departure to facilitate a smooth transition.

EXEC: Academy Sports’ Shares Jump On Upbeat Outlook

Shares of Academy Sports and Outdoors, Inc. closed up $4.63, or 9.3 percent, to $54.57 Thursday as second-quarter earnings topped analysts’ estimates and the retailer reiterated its guidance for the year. Academy officials said sales steadily improved throughout the second quarter as customers responded to its message around value and newness.