SGB Update

GunBroker.com Parent Sees Fiscal Q4 Sales Slide 38 Percent

Ammo, Inc., the owner of GunBroker.com and the ammunition and components producer, reported a net loss in the fiscal fourth quarter and year ended March 31 as sales dropped 37.7 percent in the quarter and 20.3 percent in the year. 

REI To Open Re/Supply Store In Clackamas, OR This Summer

REI Co-op will open a Re/Supply store selling used gear and apparel in Clackamas, OR in late August 2023. Located in the Clackamas Town Center, the 16,113-square-foot store will open a few doors down from the co-op’s existing store which opened in 2007.

Report: May Retail Sales Grow 2 Percent On ASP Growth; Apparel Declines

U.S. retail sales revenue in May 2023, including discretionary general merchandise and consumer packaged goods (CPG), increased 2 percent compared to the same month last year, even as unit sales declined 3 percent, according to data from Circana, formerly IRI and The NPD Group.

NSGA Adds Johnson-Lambe SG Exec As Board Member

The National Sporting Goods Association (NSGA) filled an open position on its Board of Directors, appointing Cole Johnson of Johnson-Lambe Sporting Goods in Raleigh, NC. Johnson’s three-year term took effect on June 1.

Stitch Fix Hires Former Macy’s Exec As CEO

Stitch Fix, Inc. announced that Matt Baer, former chief customer and digital officer at Macy’s, Inc., was hired as CEO and appointed as a member of the Board of Directors, effective June 26, 2023. Founder, Interim CEO and Executive Chairperson of the Board, Katrina Lake, will work closely with Baer as he transitions into the role. 

Caleres’ Debt Ratings Upgraded

S&P Global Ratings raised the debt ratings on Caleres, Inc. as the parent of Famous Footwear has sustained adjusted leverage in the low- to the mid-2x area, supported by moderating margin pressures and debt paydown under its asset-based lending (ABL) facility.

True Spec Golf Reopens in Jackson, NJ

True Spec Golf announced that True Spec New Jersey at Metedeconk National Golf Club in Jackson reopened following a recent addition to its 55-acre practice facility. When it opened in 2022, the facility was True Spec Golf’s first location in the Garden State.