SGB Update Sportsmans
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.
Benchmade Hires Vice President Of Sales And Marketing
Benchmade Knife Company, manufacturer of premium sports cutlery for 31 years, announced the addition of Mike Ulwelling as the company’s new vice president of marketing & sales.
Camping World’s Q2 Revenues Expand 13 Percent
Camping World reported sales grew 13.0 percent in the second quarter, helped by the launch of Gander RV Sales. Net earning declined in the period due to pre-opening expenses related to the Gander Outdoors store openings but adjusted pro forma net income increased 10.6 percent.
Clarus Raises Full-Year Outlook On Strong Q2
Clarus Corp. on Monday reported an adjusted net income increased to $2.6 million, or 9 cents per share, compared to an adjusted net loss of $3.4 million or (11) cents per share the same quarter a year ago, beating analysts’ consensus estimates by 9 cents.
Crosman Corp. Renames Holding Company As Velocity Outdoor
Crosman Corp., a subsidiary of Compass Diversified Holdings LLC, on Monday announced that the company’s board of directors has approved the holding company’s new name: Velocity Outdoor.
Firearms Background Checks Slump In July
The July 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 821,260 represented a decrease of 9.5 percent compared to the July 2017 NSSF-adjusted NICS figure of 907,348.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
Gander Outdoors Opens Stores In Tampa & Pensacola, FL
Gander Outdoors, formerly known as Gander Mountain, is now open in Tampa and Pensacola, FL.
Buck Knives Appoints International Sales Manager
Buck Knives, leader in sports cutlery, has announced that Lindsey Phelps has joined the company as international sales manager.
Worldwide Distributors Names Sean Maygra President
Worldwide Distributors (Worldwide), the Kent, WA-based buying cooperative for independent retailers, has named Sean Maygra as president.
June Retail Sales Up 4.2 Percent Over 2017
June retail sales were up 0.07 percent seasonally adjusted from May’s strong performance and increased 4.2 percent unadjusted year-over-year as economic growth continued despite the U.S. trade war with China and other countries, the National Retail Federation said Monday. The numbers exclude automobiles, gasoline stations and restaurants.
