SGB Update

Fortress Safe Biometric Gun Safes Recalled

Fortress Safe recalled about 61,000 of its Biometric Gun Safes. The Consumer Products Safety Commission said it is aware of a recent lawsuit alleging a 12-year-old boy died from a firearm obtained from one of the safes. 

True Fitness GB Launches to Grow True and Octane Brands in the UK

The new company was co-founded by Alan Ellis and Neil Gillespie, reportedly bringing together over 50 years of combined experience in the fitness and wellbeing space, to drive growth of the True and Octane brands in UK’s commercial fitness market.

Tervis Hires New CEO

Tervis, the insulated drinkware manufacturer based in North Venice, FL, hired Hosana Fieber as the new CEO, with current CEO Rogan Donelly moving to executive chairman of the board.

Moosejaw To Open First Retail Store in Salt Lake

The 8,200-square-foot store, scheduled to open on October 21 in Salt Lake City, is located near the “trendy” 9th and 9th neighborhood, and is the retailer’s first store in Utah.

Retro Fitness Names Chief Development Officer

Retro Fitness named Larry Strain as chief development officer. He brings more than 25 years of experience in the franchise space, including having worked at Starbucks, McDonald’s and Dunkin’ Donuts.

Pure Hockey to Open Second Store in Washington

Pure Hockey announced it will open a store in Tukwila, WA, at 303 Tukwila Parkway later this Fall; this is the retailer’s second in Washington. The other store is in Lynnwood.

ICSC Sees Holiday Sales Expanding 3.8 Percent

Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast. The agency also forecasted a 7.6 percent increase in F&B, bringing the total expected spend for the season to $1.60 trillion.

Johnson Outdoors to Discontinue its Eureka! Business

Johnson Outdoors, Inc. announced that it is exiting its Eureka product lines. The products will remain available for sale as it winds down operations, with plans to fulfill all customer requirements through the end of 2024.

Vista Outdoor Announces CFO for Outdoor Products Business

Vista Outdoor, Inc. announced that Andy Keegan, vice president and interim chief financial officer of Vista Outdoor, was promoted to CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company.

Costco’s Longtime CEO to Step Down at End of Year

Costco Wholesale Corp. said Craig Jelinek, CEO since 2012, plans to step down, effective January 1, 2024. Ron Vachris, president and COO since February 2022, will succeed Jelinek as president and CEO.