SGB Update Outdoor

Newell Brands Announces Agreement With Carl Icahn

Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.

L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017

L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.

Sportsman’s Warehouse CEO To Retire

Sportsman’s Warehouse announced today the retirement of its chief executive officer, John Schaefer. Schaefer also resigned as a member of the board of directors. Jon Barker, the company’s president and chief operating officer, has been appointed as the company’s chief executive officer and has also been appointed to the Board of Directors to fill the vacancy created by Schaefer’s retirement.