SGB Update Outdoor
OBIT: Frank’s Sport Shop’s Moe Stein
Moe Stein, president and the iconic face of Frank’s Sport Shop in Bronx, NY, passed away at the age of 93.
Ammo, Inc. Moves Against Dissident Director
Following last week’s proxy challenge by its largest shareholder and chief strategy officer, Steven Urvan, Ammo, Inc. announced that it had placed Urvan and GunBroker CFO Susan Lokey on administrative leave.
Academy Sports Q2 EPS Exceeds Wall Street Targets
Academy Sports reported earnings in the second quarter came in comfortably ahead of Wall Street expectations. Comps declined 6.0 percent against challenging year-ago comparisons but improved sequentially versus the first quarter. The sporting goods chain reiterated its 2022 full-year net and comparable sales guidance.
Newell Brands Lowers Outlook For Q3 And Full Year 2022
Newell Brands, Inc. announced updates to its outlook for Q3 and the full year 2022, reflecting a more challenging than anticipated operating and consumer backdrop.
NSGA Sporting Goods Industry Hall Of Fame Elects Class Of 2023
NSGA Sporting Goods Industry Hall Of Fame announced its Class of 2023, which includes James Clifford Keen, Cliff Keen Athletic; Jeff Lynn, Dunham’s Sports; and Kent McKeaigg, OrderMyGear.
Stio Hires Vice President Of Sales
Stio hired Alex Brown as vice president of sales to lead the strategy and development of its wholesale and corporate channels.
Big Rock Sports Announces President
Big Rock Sports, LLC and parent company Peak Global Holdings, hired David McCartney as president of Big Rock Sports.
Report: Kohl’s Gets Bid For Real Estate
Private equity firm Oak Street Real Estate Capital, LLC has reportedly offered to acquire as much as $2 billion in property from Kohl’s Corp.
Salt Life Opens 21st Location
Delta Apparel, Inc. announced it opened a new retail store for its Salt Life brand in Jupiter, FL, marking the brand’s 12th retail location in the state and 21st overall.
Fiocchi Appoints Representation For Northeast
Fiocchi, the ammunition maker, hired Thomas F. Gowen & Sons, a full-service manufacturer’s rep agency, for Northeast sales.
DPS Skis Strengthens Product And Marketing Teams With New Hires
DPS Skis has hired Stu Gleason as ski and process engineer and Zach Clayton as global marketing manager to support its product and marketing departments. Harry Brown was added as dealer services manager and Bridger Royce as dealer services coordinator.
NICS Firearms Background Checks Slide 3.1 Percent In August
The August 2022 NSSF-adjusted National Instant Criminal Background Checks (NICS) fell 3.1 percent to 1.29 million compared to the August 2021 NSSF-adjusted NICS figure of 1.33 million.
Ammo, Inc. To Open Ammunition Manufacturing Plant
Ammo, Inc. will open its manufacturing plant, located at 6311 West Custer Street in Manitowoc, WI, on September 22.
Sportsman’s Warehouse’s Q2 Comps Drop 9.4 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings declined 22.5 percent on an adjusted basis in the second quarter as sales retreated 9.4 percent. Results exceeded the high end of guidance.
Lululemon Hikes Outlook As Q2 Comps Jump 23 Percent
Lululemon Athletica, Inc. raised its outlook as sales and earnings in the second quarter easily topped the company’s guidance. Lululemon’s earnings on an adjusted basis grew 33 percent as a comp gain of 23 percent offset gross margin pressures.
