SGB Update Sportsmans

Moody’s Lowers Academy’s Debt Ratings Again

Moody’s Investors Service downgraded Academy’s debt for the second time since September 2018. The downgrades reflect Moody’s expectations for continued weak earnings and credit metrics in the near term, driven by a challenging operating environment, the transition of the company’s merchandising assortment, margin pressure from the mix shift to e-commerce and investments needed to improve the store and digital experience.

Firearms Background Checks Drop In December

FBI background checks, as adjusted by the NSSF, continued their trend of year-over-year declines, falling 7.8 percent in December to 1.49 million from 1.62 million in December 2017 on an NSSF-adjusted basis.

Sentry Products Group Appoints VP Of Sales

Sentry Products Group announced that Steve Hoffa has joined the firm as vice president of sales. Hoffa, formerly with Alpha Guardian (Cannon Safe/GunVault/Stack-On) and BLACKHAWK!, brings 20 years of sales and operations experience to the team.

Leatherman Launches Ambassador Program

Leatherman Tool Group Inc. announced the launch of its first-ever ambassador program featuring “a collective of passionate storytellers, each embodying Tim Leatherman’s spirit of unwavering perseverance and commitment to hard work.”

SHOT Show Sets New Record For Exhibitors

The 41st Shooting, Hunting and Outdoor Trade Show (SHOT Show), owned and operated by the National Shooting Sports Foundation (NSSF), finished its four-day run with many notable successes, including a new record for exhibitors in its Suppliers Showcase and an innovative Pop-Up Preview that proved to be a hit with buyers.

Bass Pro Appoints Mike McDermott As New President

Bass Pro Shops said Michael P. McDermott, a former executive at the Lowe’s home-improvement chain, will replace Jim Hagale as president. McDermott will guide the next phase of the integration of Bass Pro and Cabela’s and accelerate the outdoor retailer’s omni-channel efforts.