SGB Update Sportsmans
Bass Pro’s Debt Ratings Upgraded
Moody’s raised the debt ratings of Bass Pro Group LLC. The rating agency said Bass Pro has been resilient through the coronavirus pandemic as it reported positive sales momentum continuing through the third quarter following the initial temporary store closures at the onset of the outbreak.
NICS Checks Climb 60 Percent In October
The FBI completed 1.77 million gun background checks on an NSSF-adjusted basis in October, a climb of 60.1 percent compared to the October 2019 NSSF-adjusted NICS figure of 1.1 million.
NSSF Announces 2021 SHOT Show Cancellation
The NSSF announced that the 2021 SHOT Show, scheduled to be held in Las Vegas from January 19 to 22, 2021, has been canceled due to continued safety risks due to the coronavirus.
Consumers Sweet Spot This Holiday Is Free Shipping, According To NPD
The 2020 holiday shopping season kicked off earlier this year with Amazon Prime Days and competing retail promotions in mid-October, and while consumers are always looking for good deals, their sweet spot this holiday will be free shipping, reports The NPD Group.
Benchmade Knives Names CEO and President
Benchmade Knives announced that its current President, Jon deAsis, has assumed the role as President & CEO effective immediately, replacing Roberta deAsis who filled the role after the sudden passing of her husband and founder, Les deAsis.
Smith Integrates Customer-Service Team
Smith Optics incorporated its Consumer & Dealer Services division within its Portland-based headquarters. Joining the product, marketing and sales departments, the customer-facing support team integrates into the hub of the Smith brand.
Sportsman’s Warehouse’s Q2 Sales Catapult 79 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings grew five-fold in the second quarter. Sales surged 79 percent primarily due to a surge in demand across all major categories, led by hunting and shooting.
Davidson’s Adds Regional Customer Service Manager
Davidson’s has strengthened its national customer relationship manager force with the addition of Joe Daugirda.
North Point Brands Appoints Chief Marketing Officer
North Point Brands, parent company of Cheeky Fishing and Wingo Outdoors, appointed fishing veteran Peter Vandergrift as Chief Marketing Officer for both brands.
Vista Outdoor Swings To Profit On Solid Sales Growth In Fiscal Q1
Vista Outdoor Inc. reported sales were $479 million in the fiscal first quarter ended June 28, up 4 percent compared with the prior-year quarter, and up 10 percent adjusted for divested businesses.
Canadian Tire Posts Solid Retail Sales Growth In Second Quarter
Canadian Tire Corporation, parent company of SportChek, Helly Hansen and Sports Experts, among others, posted retail sales growth of 9.3 percent (excluding Petroleum) in the second quarter ended June 27.
Camping World Triples Q2 Net Income On 9 Percent Sales Gain
Camping World Holdings, Inc. reported revenue increased 9.0 percent, or $132.4 million, to $1.61 billion for the second quarter ended June 30. Net income increased 210.2 percent to $163.2 million and net income margin was 10.2 percent for the second quarter.
Archery Trade Association Board Voted In New Executive Committee
The Archery Trade Association (ATA) Board of Directors voted a new Executive Committee into office and installed a new chair and two new vice-chairs to the Committee.
Davidson’s Taps Lester To Lead Marketing Efforts
Scott Lester has joined firearms distributor Davidson’s as the director of marketing. In his new position, Scott will lead the marketing team, which will encompass print, digital, and web design.
Boot Barn Gets E-Comm Lift in Fiscal Q1 To Partially Offset Retail Store Decline
Boot Barn Holdings, Inc. reported that net sales decreased 20.5 percent to $147.8 million in the first fiscal quarter ended June 27. Same-store sales decreased 14.9 percent, comprised of a 27.1 percent decrease in retail store same-store sales and a 51.9 percent increase in e-commerce sales.
