SGB Update Sportsmans
Sturm, Ruger & Company Announces Executive Appointments
Sturm, Ruger & company Inc. announced the following executive appointments: Sarah F. Colbert as vice president of administration, Robert J. Werkmeister, Jr. as vice president of marketing, and Michael W. Wilson as vice president of Mayodan operations.
Dick’s Sets Grand Opening Of Five New Stores In Two States
Two stores will open in Miami, FL; and one each in Torrance, CA; Sunrise, FL; and Aventura, FL.
MC Sports Likely Shifting To Chapter 7 Bankruptcy
MC Sports, which filed for bankruptcy in February, has closed all its 66 doors and the case is likely being converted from a Chapter 11 bankruptcy to a Chapter 7 bankruptcy.
Moody’s Downgrades Vista Outdoors Debt Ratings
The corporate family rating downgrade reflects Vista’s weak operating performance and deteriorating credit metrics and Moody’s view that they will remain weak for an extended period. The rating outlook remains negative.
L.L.Bean Announces Summer In The Park Schedule
L.L.Bean announced its annual Summer in the Park schedule at Discovery Park in Freeport, ME. Events include free morning yoga sessions, outdoor movie nights and free concerts with Grammy Award winning artists.
Good Sportsman Marketing Completes Two Add-Ons
Good Sportsman Marketing, the Huron Capital-backed hunting accessories business, completed two add-on acquisitions: Scent Web from Beaverton, MI-based A-Way Hunting Products, and Eugene, OR-based Bullseye Camera Systems.
Kevin Plank Inducted Into NSGA Hall Of Fame
On May 23, Under Armour founder and CEO, Kevin Plank, was inducted into the Sporting Goods Industry Hall of Fame.
Sportsman’s Warehouse Posts Q1 Loss
John Schaefer, CEO, stated, “As expected, we saw continued softness in firearm demand during the first quarter as we anniversaried difficult compares post the San Bernardino shooting and executive orders that were issued at the beginning of 2016.”
Dick’s To Open Three Additional Stores In May
With the grand opening of new stores in Georgia and California, Dick’s will have 697 locations in the country.
Remington Outdoors Logs Steep Q1 Loss On Charges
Remington Outdoors reported sales declined 27.7 percent in the first quarter, to $157.6 million.
Garmin Acquires ActiveCaptain
Garmin Ltd. acquired Active Corporation, a developer of crowd-sourced rich content for boaters, marketed as ActiveCaptain.
Vista Outdoor Appoints Corporate Controller And Chief Accounting Officer
Kenny Bement most recently served as controller of reporting and governance for Alphabet, the parent company of Google.
Gander Mountain To Change Name
Gander Mountain plans to change its name to Gander Outdoors, according to a tweet from its new owner, Camping World CEO Marcus Lemonis.
Dick’s Sporting Goods Fixes $23 Million Accounting Error
Dick’s said it should have recorded non-cash impairment and store closing charges of $32.8 million in the fourth quarter. Instead, charges of only $9.4 million were recorded on the line item in its initial report.
Swanson Russell Promotes Five In Lincoln Office
The Nebraska-based marketing communications firm promoted Claire Abelbeck, Jack Christie, Emma Hulsey, Megan Woodard and Peter Worth.
