SGB Update Sportsmans
MeatEater Acquires Hunting Apparel Brand First Lite
MeatEater Inc. announced its expansion from media into direct-to-consumer retail with the acquisition of hunting technical apparel and gear company First Lite.
Moody’s Confirms Camping World’s Debt Ratings, Outlook Negative
Moody’s Investors Service confirmed all ratings of Camping World, including the B1 Corporate Family rating, and assigned a negative outlook. Moody’s said, “”At present, both leverage and interest coverage are outside of Moody’s downgrade triggers, with sequential improvement beginning in Q2 necessary so that tangible progress towards levels more appropriate for the rating are achieved.”
Report: Remington Furloughing Workers At New York Plant
Remington Arms will partially close its plant in Ilion, NY this summer, furloughing about 500 workers, local leaders said.
Sellmark Acquires Kopfjager
Sellmark announced the addition of Kopfjager to the corporation’s family of popular brands.
Salesforce Bans Gun Dealers From Using Its Products
Salesforce, the leading provider of cloud-based software, is barring customers from using its system to sell semi-automatic guns and other firearms.
Firearms Background Checks Drop In March
FBI background checks, as adjusted by the NSSF, were down 12.4 percent in March to 1.31 million compared to the February 2018 NSSF-adjusted NICS figure of 1.5 million.
Moody’s To Review Camping World’s Debt Ratings For Possible Downgrade
Moody’s Investors Service placed all ratings of Camping World, including the B1 corporate family rating, on review for a possible downgrade due to the retailer’s poor performance in the fourth quarter.
Burris Company Appoints Sales Manager
Burris Company, Inc. the maker of optics under the Steiner and Burris brands, appointed Todd Fulton as the company’s newest sales manager.
American Baitworks Acquires Southern Lure Company
American Baitworks Co. has acquired Southern Lure Company, one of the pioneering brands in the industry with more than 30 years of experience designing and developing frogs and other products for topwater fishing.
Court Rules Remington Can Be Sued Over Newtown Shooting
The Connecticut Supreme Court has reinstated a wrongful death lawsuit filed by the families of nine victims of the Sandy Hook Elementary School shooting against Remington Arms, the manufacturer of the rifle used in the shooting.
Bass Pro Shuttering Facilities In Sidney, Oshkosh In Nebraska
Bass Pro Shops announced it will be closing a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE. A total of 162 jobs will be affected.
American Outdoor Brands To Merge Electro-Optics Into Outdoor Products & Accessories Segment
American Outdoor Brands, the parent of Smith & Wesson, reported earnings in the third quarter ended January 31 before charges exceeded guidance as sales grew 2.9 percent year-over-year. But an impairment charge was taken to merge its Electro-Optics division with its Outdoor Products & Accessories division.
Academy Sports Signs On As Presenting Sponsor Of Bassmaster High School Series
Academy Sports + Outdoors announced a partnership with B.A.S.S. that will help both organizations continue to grow the sport of fishing for years to come.
Firearms Background Checks Drop In February
FBI background checks, as adjusted by the NSSF, were down 12.8 percent in February to 1.11 million, a decrease of 12.8 percent compared to the February 2018 NSSF-adjusted NICS figure of 1.27 million.
Camping World Delays 10K Filing
Camping World Holdings Inc. announced that has filed a Form 12b-25 with the U.S. Securities and Exchange Commission providing the company a 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2018
