SGB Update Sportsmans
U.S., Mexico Reach Preliminary Agreement To Restructure NAFTA
The Trump administration and Mexico have reached a preliminary accord to end the North American Free Trade Agreement and replace the agreement with a deal that the administration wants to be more favorable to the United States, according to the Associated Press.
U.S., China Escalate Trade War With New Round Of Tariffs
The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.
Malibu Boats Acquires Pursuit Boats
Malibu Boats Inc., a manufacturer of recreational fiberglass boats, announced that the company has entered into a definitive agreement with S2 Yachts Inc. to acquire the assets of Pursuit Boats for $100 million.
Work Sharp Outdoor Celebrates Annual Knife Day
Work Sharp Outdoor, a manufacturer of knife and tool sharpeners, is in the fourth week of the company’s #WorkSharpStaySharp campaign. The campaign was designed to build engagement around annual Knife Day, which takes place nationwide August 24.
Sportfishing Industry Association Appoints New Government Affairs Policy Director
The American Sportfishing Association (ASA) announced that Clay Crabtree, most recently a legislative analyst with the U.S. Department of Health and Human Services, has joined the ASA staff as policy director.
5.11 Opens Store In Reno, NV
Tactical apparel and gear company 5.11 has opened a brick-and-mortar retail store in Reno, NV, bolstering the company’s 2018 retail expansion goal of 50 company-owned retail stores.
Shopify Bans Sale Of Certain Firearms
Shopify, a provider of e-commerce storefronts, has moved to ban certain firearms and parts on the company’s platform, including some semi-automatic weapons and 3D-printed guns.
Gander Outdoors Announces 2 Store Openings
Gander Outdoors, formerly known as Gander Mountain, is now open in Watertown, NY, and Green Bay, WI.
Brunswick Public Foundation Awards 2018 Grants
The Brunswick Public Foundation, a not-for-profit corporation affiliated with Brunswick Corp., today announced that seven organizations have received a total of nearly $235,000 in charitable grants for 2018.
July Retail Sales Increase 4.9 Percent Over 2017
July retail sales were up 0.4 percent seasonally adjusted from June and increased 4.9 percent unadjusted year-over-year, giving the industry a solid kickoff for the third quarter as consumers continued to spend despite concerns about the growing trade war, the National Retail Federation said Wednesday.
GSM Outdoors Acquires New Archery Products
GSM Outdoors, a multi-brand manufacturer and technology innovator of specialized hunting and shooting products, has acquired New Archery Products (NAP). Terms were not disclosed.
NRF Upgrades 2018 Economic Forecast But Says Tariffs Remain Threat
The National Retail Federation on Monday increased the federation’s retail sales forecast for 2018, saying sales are expected to grow more than previously predicted thanks to tax reform and other positive economic inputs, but warning that tariffs threaten to dampen consumer confidence.
Amazon Veteran Takes The Reins As Onx CEO
After a 19-year career at e-commerce giant Amazon, Laura Orvidas has started a new venture as the CEO role at OnXmaps, Inc., provider of the Onx Hunt mobile app and a leader in mobile mapping technology for outdoor adventurers.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Vista Outdoor Lifts Earnings Guidance On Transformation Efforts
Vista Outdoor raised the company’s earnings outlook after reporting second-quarter earnings topped expectations as efforts to grow profitability start to pay off. The company’s sales guidance was lowered for the year due to continued tough conditions in shooting sports.
