SGB Update Sportsmans

Newell Brands Announces Agreement With Carl Icahn

Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.

Sportsman’s Warehouse CEO To Retire

Sportsman’s Warehouse announced today the retirement of its chief executive officer, John Schaefer. Schaefer also resigned as a member of the board of directors. Jon Barker, the company’s president and chief operating officer, has been appointed as the company’s chief executive officer and has also been appointed to the Board of Directors to fill the vacancy created by Schaefer’s retirement.

February Retail Sales Increase 4.4 Percent Over Last Year

February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.

Dick’s Q4 Earnings Arrive At Upper End Of Guidance

Dick’s Sporting Goods reported earnings fell 13.8 percent before non-recurring charges in the fourth quarter, to $127.3 million, or $1.22 a share, but came in at the top of guidance. Same-store sales slid 2.0 percent, in line with guidance. Earnings for 2018 were guided to be flat to down 7 percent.

Clarus’ Q4 Sales Climb 27 Percent

Clarus Corp., the parent of Black Diamond Equipment, Sierra Bulletts and PIEPS, reported sales in the fourth quarter rose 27 percent along with strong earnings improvement.

NSSF Supports President’s School Safety Plan Initiative

The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, announced its support for President Donald Trump’s plan to help ensure children are kept safe and that firearms remain beyond the reach of prohibited individuals while respecting the rights of law-abiding firearms owners.

Clarus Promotes John Walbrecht To President

Clarus Corp., the parent of lack Diamond, Sierra and PIEPS, promoted John Walbrecht to president. Walbrecht has been with Clarus for nearly 18 months, serving as president of the company’s Outdoor Group.

White House Backs Off On Raising Age For Buying Guns

The Trump administration on Sunday night proposed providing some school personnel with “rigorous” firearms training while intending to establish a federal commission to examine other proposals, such as raising the age to purchase some weapons.