SGB Update Outdoor

Synovus Receives Regulatory Approval To Complete Cabela’s Transaction

Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., said it received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (WFB), the credit card operation of Cabela’s Inc.

NRF Lowers 2017 Forecast Following Government Data Revision

The National Retail Federation adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7 to 4.2 percent forecast earlier this year.

Outdoor Recreation Report Provides Outdoor Recreation Roadmap

Outdoor Industry Association (OIA) released the State Funding Mechanisms for Outdoor Recreation report featuring case studies on seven states across the country that are investing in the public lands and waters that support the outdoor economy.

Newell Brands Cuts Outlook On Harvey Impact

Newell Brands announced that it is updating its 2017 normalized earnings per share guidance for the anticipated effects of Hurricane Harvey on its U.S. manufactured resin businesses, including increasing inflationary pressure through the third quarter.

O’Brien Watersports Acquires Assets Of Nash Mfg.

O’Brien Watersports has acquired substantially all of the assets of Nash Mfg., which produces watersports products under the Hydroslide brand name, pool and lake leisure products under the licensed brand name of Margaritaville and rotational molded coolers under the brand name Sub Z.

OBIT: John Egart

John Egart, former CEO of First Team Sports Inc., a pioneer in in-line skates, has passed away after a long battle with bone marrow cancer.

Academy Providing More Than $2.5 Million In Hurricane Harvey Aid

The donations include up to $1.5 million in direct financial assistance for immediate relief to those who were affected by Hurricane Harvey, including many team members and their families, as well as numerous supplier contributions in excess of $1 million.