SGB Update Sportsmans
Locally Names First Chief Marketing Officer
Karen Sage joins the company as CMO to further fuel Locally’s expansion as it marks a 12-month growth trajectory to over $1.8 billion in retail referral sales.
Vista Outdoor Board Reaffirms Commitment to Sell Ammo Business to CSG
The company continues to urge stockholders to vote for the CSG Transaction at upcoming special meeting of Vista Outdoor Stockholders on July 23.
Vista Outdoor Divests Wood Pellet Business from Outdoor Products Group
Vista sold the assets of Fiber Energy Products, the company’s wood pellet manufacturer, to Lignetics, Inc., based in Broomfield, CO. Fiber Energy was a component of Vista’s Revelyst outdoor products segment.
CSG Appoints EVP, Munitions Programs for CSE USA
Jeff Janey was appointed executive vice president of CSG’s Munitions Programs for CSE USA, the company’s Reston, VA-based U.S. division, collaborating with partners and the U.S. Government, international trade and the development of strategic relationships.
NRF: Inbound Cargo Volume Forecasted to Grow 14.4 Percent for 2024 First Half
Importers are looking at issues including high shipping rates, unresolved port labor negotiations and continuing capacity and congestion issues from the ongoing disruptions in the Red Sea.
Target Will Stop Accepting Checks at Checkout
Target announced on Tuesday, July 9, that, as of July 15, it will no longer accept personal checks from customers at the time of checkout. The retailer confirmed its decision with the Associated Press, citing “extremely low volumes” of customers who pay by check.
GoPro, Inc. Partners with Softbank Subsidiary for Japan Distribution
The new distribution partnership with SoftBank Group’s SB C&S Corporation in Japan will expand GoPro product sales through one of the largest sales networks in the region.
Brownells Named European Distributor for Alpha Munitions
Products available from Alpha Munitions through Brownells Europe include Precision Rifle Brass, Alpha OCD (Optimized Case Design) Brass, and Reloading Components.
Osprey and Hydro Flask Parent Cuts Fiscal Year Outlook on Weak Consumer and DC Issues
Home & Outdoor net sales revenue, which contains the Osprey Packs and Hydro Flask brands, decreased 8.6 percent to $198.5 million in the quarter, compared to $217.1 million in the prior-year quarter.
NRF: Consumers Face ‘Critical Moment’ Waiting on Fed
National Retail Federation Chief Economist Jack Kleinhenz said the Fed must balance using high interest rates to reduce inflation with the risk that keeping rates too high for too long could slow the economy to the point of recession.
SGB Media to Close for Independence Day Holiday
SGB Media will not publish the SGB Morning or Evening Newsletters on July 4 and July 5. We will return to the office and resume publication on Monday, July 8.
Vista Outdoor Confirms Receipt of Latest Information from MNC Capital
The latest communication from MNC includes certain additional information required by Vista to assess MNC’s revised indication of interest, under which MNC expressed its final effort to acquire Vista Outdoor in an all-cash transaction for $42.00 per share.
NSSF: June Adjusted NICS Background Checks Decline 4.7 Percent
The June decline was a sequential improvement from May, when the NSSF-adjusted NICS figure declined 7.2 percent and April, when the metric declined 11.2 percent year-over-year.
Report: Manufacturing PMI Contracted Again in June
Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months.
Sports Authority Founder Jack Smith Passes Away
Jack Smith was the visionary who turned Sports Authority into one of the biggest sporting goods retail brands worldwide. Smith also served as chairman of the board of the National Sporting Goods Association (NSGA) and was inducted into the Sporting Goods Industry Hall of Fame in 2016.
