SGB Update Sportsmans

Firearms Background Checks Fall In May

The May 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 904,834 is a decrease of 8.5 percent compared to the May 2017 figure.

May Retail Jobs See Huge Year-Over-Year Increase

The retail industry employment increased by 28,800 jobs seasonally adjusted in May over April and 100,200 jobs unadjusted year-over-year, the National Retail Federation said Friday.

IGFA Announces 2018 Tommy Gifford Award Winners

The International Game Fish Association (IGFA) on Wednesday announced the 2018 Tommy Gifford Award winners in recognition of their significant contributions to recreational angling as captains, guides or crew.

Dick’s Raises Guidance After Robust Q1

Dick’s Sporting Goods Inc. raised the company’s outlook for the year after reporting first-quarter earnings that came in well above Wall Street’s consensus target. Same-store sales dipped 2.5 percent.

T-H Marine Acquires Blue Water LED Assets

T-H Marine Supplies, Inc., of Huntsville, AL, announced the acquisition of the assets of Blue Water LED Enterprises, LLC (Blue Water) of Lawrenceburg, KY.

Sportsman’s Warehouse’s Q1 Comps Climb 3.4 Percent

Sportsman’s Warehouse widened the company’s loss slightly in the first quarter, but both the loss and sales came in at the high end of expectations. Same-store sales were up 3.4 percent in the quarter ended May 5.

Sportsman’s Warehouse Amends Revolving Credit Facility And Refinances Term Loan

Sportsman’s Warehouse Holdings Inc. announced that, on May 23, 2018, the company amended an existing credit agreement to increase the borrowing capacity under the company’s existing revolving credit facility by $100 million to $250 million, subject to a borrowing base calculation, and to provide for a new $40 million term loan.

Sig Sauer Hires Brad Criner

Sig Sauer Inc., the maker of firearms, announced that Brad Criner has joined Sig Sauer as senior director, brand management and business development of ammunition.

Remington Exits Chapter 11 Bankruptcy

Nearly two months after filing for bankruptcy protection, Remington Outdoor Company claims the company has emerged after successfully implementing a plan that will reduce debt levels and provide more stable financing that may help the company ride out a slowing market for firearms.