SGB Update Sportsmans
NRF Raises Retail Sales Forecast for 2016
The National Retail Federation revised its forecast for U.S. retail sales growth to 3.4 percent in anticipation consumer spending will remain steady.
Wolverine Worldwide Exceeds Q2 Guidance
Wolverine World Wide, Inc. (NYSE: WWW) beat guidance for the second quarter ended June 18 by reporting revenue declined 7.4 percent to $583.7 million.
Shimano Reports Weak 1H
A strong yen, stubbornly high bicycle inventories in the U.S. and slowing consumer spending in China led to weaker results at Shimano Corp. in the first half.
Smith & Wesson to Acquire Crimson Trace
Smith & Wesson Holding Corp. signed a definitive agreement to acquire Crimson Trace Corporation, a leader in laser sighting systems and tactical lighting for firearms, for $95.0 million.
Under Armour’s Q2 Profits Slump on Sports Authority Charge
Under Armour Inc. reported earnings tumbled 58 percent in the second quarter, weighed down by a previously-announced $23 million write-off of bad debt from the Sports Authority bankruptcy. Revenues jumped 28 percent.
Wefunder to Scout Startups at Outdoor Retailer
Wefunder, a crowdfunding site that has helped tent maker Slingfin raise $50,000 in equity capital, will be scouting clients at Outdoor Retailer next week.
Unsecured Creditors Seek Speedy Sports Authority Liquidation
The Unsecured Creditors Committee in the Sports Authority bankruptcy case is requesting that the case be converted from a Chapter 11 proceeding to a Chapter 7 case.
OIA Reacts to Republican Platform
Outdoor Industry Association released a letter it sent to the Republic Party opposing its support for turning certain federal lands over to the states.
Dick’s SG Sets Grand Re-Opening for Bloomington Store
Dick’s Sporting Goods will be opening its relocated store on Saturday, August 13 at Colonial Plaza in Bloomington, IL
RECALL: 7,600 GSI Outdoor Kid’s Water Bottles
GSI Outdoors Inc.
is recalling 6,700 kid’s water bottles sold exclusively by L.L.Bean because solder on their exterior contains high levels of lead.
RECALL: 1,400 Crossman Centerpoint 370 Crossbows
Crosman Corporation recalled about 1,400 Centerpoint Sniper 370 crossbows because a part can break and cause a sudden recoil that can result in injury.
US Retail Bankruptcies Weigh on Thule
Thule Group reported its net sales grew just 0.5 percent in the Americas in the second quarter as the liquidation of Sports Authority and Sport Chalet depressed the overall market.
Report: Sports Authority Accelerates Store Closings
Sports Authority is looking to liquidate and close the majority of its stores by the close of July instead of by the end of August, according to a report in the Wall Street Journal.
Gander Mountain Partners with NRA
Leading specialty outdoor retailer to sell discounted NRA Memberships in Minnesota, Wisconsin and North Dakota, with national rollout in September 2016.
Amazon to Add Another Fulfillment Center
Amazon.com Inc. announced plans to open a fulfillment center in Sacramento that will be its tenth in California and fourth announced for the state in four months.
