SGB Update

HLC Expands Sales Rep Coverage

HLC, the U.S. sales agent for Marin Bikes, hired seven outside market development reps to support its brands, IBDs and the cycling community.

Shoe Carnival Launches Share Buyback Program

Shoe Carnival, Inc.’s Board of Directors authorized a share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2023.

PlayOn! Sports Names President And COO

PlayOn! Sports hired former Turner Sports COO Matt Hong as president and chief operating officer. In this newly created role, Hong will oversee day-to-day operations.

Genefit Adds To Sales Team

Genefit, a subsidiary of 3X4 Genetics, hired Daniel Guzman as head of enterprise sales and Tom Jobe as an enterprise sales lead.

Golftec Opens Location Outside Of Dallas

Golftec opened an instruction and club fitting center in Allen, TX. The 2,743-square-foot space at 977 TX-121 features five indoor bays powered by TecSwing using launch monitors from Foresight Sports for lessons, club fittings and practice.

Ammo, Inc. Hires Chief Operating Officer And President

Ammo, Inc., the owner of GunBroker.com, hired Jared Smith as chief operating officer and president, effective January 3, 2023. Smith, most recently, worked as the general manager for Fiocchi of America.

NRF Study Forecasts More Than $816 Billion In Holiday Returns

Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a retail report released by the National Retail Federation (NRF) and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5 percent compared with 16.6 percent in 2021.

REV Group’s Sales Expand 5.7 Percent In Fourth Quarter

REV Group, Inc. reported consolidated net sales in the fourth quarter ended October 31 were $623.6 million, representing an increase of 5.7 percent compared to $589.9 million for the three months ended October 31, 2021.