SGB Update Sportsmans
Cabela’s To Open On Thanksgiving
Cabela’s, which was acquired by Bass Pro on September 25, will be open on Thanksgiving for what appears to be the first time in its history.
Maurice Sporting Goods Files For Bankruptcy, Pursues Sale
Maurice Sporting Goods Inc., one of North America’s largest distributors of outdoor sporting goods, announced that it has reached a definitive agreement to sell its assets to Middleton Partners. To facilitate the transaction, Maurice and its subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Bipartisan Deal Introduced To Tighten Background Checks For Gun Purchases
A bipartisan group of senators on Thursday introduced new legislation that enhances state compliance and accuracy of existing background check systems in place for firearm purchases.
Sportsman’s Warehouse Lowers Guidance On Margin Concerns
John Schaefer, chief executive officer, stated, “While the difficult firearm comparisons that we anniversaried through the first three quarters of fiscal year 2017 will be behind us, we expect a heightened promotional environment which we are reflecting in our sales and margin outlook.”
RECALL: Precision Shooting Archery Crossbows
Precision Shooting Equipment (PSE) has recalled about 17,000 crossbows because they can fire or discharge unexpectedly, posing an injury hazard to the user and to bystanders.
Remington Outdoor Posts Steep Q3 Loss
Remington Outdoor reported a loss of $16 million in the third quarter October 1 against net earnings of $9.5 million a year ago. Sales fell 30.5 percent to $154.1 million.
October Retail Sales Up 4.3 Percent Over Last Year
Retail sales in October increased 0.1 percent over September on a seasonally adjusted basis and were up 4.3 percent year-over-year unadjusted.
Yeti Partners On Whataburger Tumbler
Whataburger partnered with Yeti on a line of Flying W-branded Yeti tumblers.
ISPO Expands Its International Network
Following the new brand mission—to boost sports worldwide, bolster people’s enthusiasm and offer customers added value -ISPO is expanding its international network in the context of ISPO Academy with the addition of Brazil and India.
More Than 164 Million Consumers Plan To Shop Over Thanksgiving Weekend And Cyber Monday
The annual National Retail Federation survey finds that of those considering shopping the long holiday weekend, the survey found that 20 percent plan to shop on Thanksgiving Day (32 million) but Black Friday will remain the busiest day with 70 percent planning to shop then (115 million).
Bass Fishing Hall Of Fame Exhibit Opens
The first expansion within Wonders of Wildlife since its grand opening in September 2017, the all-new permanent exhibit is a gift from Johnny Morris to the Bass Fishing Hall of Fame.
Dick’s Names New Chief Technology Officer
Dick’s Sporting Goods named Paul Gaffney, formerly at Home Depot, as chief technology officer.
Dick’s Q3 Tops Target, Provides Conservative 2018 Outlook
Dick’s Sporting Goods reported third-quarter earnings that topped guidance but warned that 2018 earnings could decline by as much as 20 percent due to continued gross margin pressure, expected flat comps and ongoing investments.
Perry Ellis To License Guy Harvey For Fishing Collection
Perry Ellis International Inc. and Guy Harvey Enterprises announced the signing of an exclusive global licensing agreement for Guy Harvey apparel, which features the colorful, ocean-inspired artwork of world-renowned artist, conservationist, scientist and entrepreneur Dr. Guy Harvey.
Moody’s Places Vista Outdoor’s Ratings On Review For Downgrade
Moody’s Investors Services placed Vista Outdoor Inc.’s ratings on review for downgrade following its “very weak” quarterly operating results.
