SGB Update Outdoor
Target Reports Q2 Comps Vault 24.3 Percent
Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Adjusted earnings grew 86 percent.
Dick’s SG Appoints Chief Communications And Sustainability Officer
Dick’s Sporting Goods has appointed Peter Land as chief communications and sustainability officer.
MidwayUSA Foundation Appoints Relationship Manager
The MidwayUSA Foundation has appointed John Linquist to the new position of relationship manager. In his new role, Linquist will pursue opportunities for businesses to join MidwayUSA Foundation in sustaining and growing youth shooting sports.
Amazon To Hire 3,500 In U.S. Expansion
Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego.
Report: Academy Sports Confidentially Files For IPO
Academy Sports + Outdoors, acquired by Kohlberg Kravis Roberts & Co (KKR) in 2011, has confidentially filed paperwork for an initial public offering, according to a report from Bloomberg.
Walmart’s U.S. Comps Climb 9.3 Percent In Q2
Walmart reported total revenue in the second quarter was $137.7 billion, an increase of $7.4 billion, or 5.6 percent. Excluding currency impacts, total revenue would have increased 7.5 percent to reach $140.2 billion. Walmart U.S. comp sales climbed 9.3 percent, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97 percent with strong results across all channels.
Federal Court Strikes Down California’s Ban On High-Capacity Magazines
A three-judge panel of the 9th U.S. Circuit Court of Appeals on Friday threw out California’s ban on high-capacity ammunition magazines, labeling it a violation of the Second Amendment.
DestiMetrics: Resort Bookings Continue Decline In Western Mountain States
According to DestiMetric’s monthly Market Briefing by Inntopia, occupancy and revenue at western mountain destinations at the midpoint of summer 2020 continue to be dramatically lower than last summer despite gaining ground as outdoor mountain activities captured visitors for overnight stays.
Boot Barn Appoints COO
Boot Barn Holdings Inc. promoted Greg Hackman to executive vice president and chief operating officer. Along with this additional role, Hackman will continue in the role of chief financial officer.
Inline Skate Sales Soaring
COVID-19 has gotten the wheels rolling for everything from a vaccine to testing procedures. But it’s also gotten them spinning for inline skate manufacturers and retailers who are seeing a surge in sales.
Cascade Designs Engages Sales Team To Serve Canadian Territories
Cascade Designs retained Sasso Vertical Sales to represent its brands in British Columbia, Yukon Territory and Northwest Territories.
Booking Pace Softens At Southeast Destinations In July
The pent-up demand for resort vacations in Florida, Georgia and South Carolina that led to a flood of summer bookings in May and June slowed down in July as initial demand was met and a resurgence of COVID-19 cases in the region triggered a cooldown of the booking pace in the previous two months, according to DestiMetrics’ recent assessment of booking trends.
RECALL: Active Brands Bicycle Helmets
About 300 Active Brand AS Sweet Protection-branded Ripper Jr., Ripper MIPS Jr. and Ripper MIPS bicycle helmets are being recalled.
Bass Pro Shops And Cabela’s Reward Store Associates With Bonuses Up To $1,000
Bass Pro Shops and Cabela’s have issued companywide bonuses for its hourly frontline retail, distribution center and manufacturing plant team of $250, $500, $750, or $1,000 based on job role and seniority, representing a multimillion-dollar investment to reward its Outfitters and employees for their efforts amid the pandemic.
Outdoor Retailer Parent Announces Closing Of Backstop Sale
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced the completion of its previously announced issuance and sale of 22.66 million shares of its 7 percent series A convertible participating preferred stock to an affiliate of Onex Partners V LP.
