SGB Update Sportsmans
American Outdoor Brands Q4 Revenues Sink 25 Percent
American Outdoor Brands, the parent of Smith & Wesson reported earnings before special items tumbled 58.2 percent in the fourth quarter ended April 30 on a 24.9 percent drop in revenues. James Debney, CEO, said, in a statement, “Fiscal 2018 was a year characterized by lower consumer demand for firearms, heightened levels of inventory in the consumer channel, and a host of aggressive, industry-wide promotions.”
American Sportfishing Association Elects Board Members For 2018
Four members of the American Sportfishing Association (ASA) were elected to fill two at-large seats and two regional seats on the board of directors. Their terms begin October 1 and they each will serve three-year terms. ASA is the trade association that represents the recreational fishing industry.
Otis Technology Appoints CEO
Otis Technology has appointed Larry Williams as chief executive officer, effective July 9.
May Retail Sales Up 5.6 Percent Over Last Year
May retail sales increased 0.7 percent seasonally adjusted over April and 5.6 percent unadjusted year-over-year as a growing economy prompted consumers to continue to spend, the National Retail Federation said Thursday. The numbers exclude automobiles, gasoline stations and restaurants.
American Medical Association Endorses Gun Control
The American Medical Association (AMA) endorsed a slate of gun control measures, including a ban on assault-type weapons. The nation’s leading organization of medical professionals described gun violence as a “public health crisis.”
Academy Sports Opens New Store In Columbus, GA
The store is approximately 63,000 square feet and brings approximately 100 new jobs to the community.
Benelli USA Adds Product Manager for Franchi And Accessories
Benelli USA announced the addition of Bret Maffett as the company’s product manager for the Franchi brand and the accessories category.
Bass Pro Receives DU Corporate Conservation Achievement Award
Bass Pro Shops received the Ducks Unlimited Corporate Conservation Achievement Award Friday, June 1, at DU’s 81st Annual National Convention in Indianapolis, IN.
Good Sportsman Marketing Sold To Sentinel Capital Partners
Huron Capital announced the company has sold the company’s controlling interest in Good Sportsman Marketing LLC (GSM) to Sentinel Capital Partners after successfully growing the business through expanded distribution, new product introductions, and multiple add-on acquisitions.
NRF: Retail Imports To Hit Record Numbers This Summer
Imports at the nation’s major retail container ports are expected to set record numbers this summer and fall even as the debate over trade and tariffs continues in Washington, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
NRF/University Of Florida Survey: Retail ‘Shrink’ Decreased In 2017
Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released Wednesday by the National Retail Federation and the University of Florida.
Gander Outdoors Sets Grand Opening Events For Four Stores
Gander Outdoors, formerly known as Gander Mountain, set grand openings for stores in Michigan, Illinois, Michigan and Ohio.
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.
Bear Archery Appoints Marketing Manager
Bear Archery announced the hiring of Jack Borcherding, formerly at Cabela’s, to serve as marketing manager.
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.
