SGB Update Sportsmans
DHS Outlines Enforcement Actions to Support U.S. Textile Jobs
The Department of Homeland Security outlined an enhanced strategy to combat illicit trade and level the playing field for the U.S. textile industry, which accounts for over 500,000 U.S. jobs and is deemed critical to U.S. national security.
CPSC Issues Recall Warning on Certain Refillable Fuel Bottles
CPSC issued a Notice of Violation to the seller Shenzhen Pink Vine Technology Co. Ltd., of China, but the firm has not agreed to recall these fuel bottles or offer a remedy to consumers.
Massimo Group Closes IPO; Commences Nasdaq Listing
The manufacturer and distributor of powersports vehicles and pontoon boats, closed on the initial public offering of 1,300,000 shares of its common stock at an IPO price of $4.50 per share.
Consumer Confidence Index Flat in March, but Outlook Index May Signal Trouble Ahead
The Consumer Confidence Index was 104.7 in March, essentially unchanged from February. But the Expectations Index, based on consumers’ short-term outlook for income, business and labor market conditions, fell to 73.8, which is in recession territory.
NRF: Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year-over-year, slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending.
Sportsman’s Warehouse Posts DD Same-Store Sales Decline in Q4; Swings to Loss
The retailer reported lower-than-expected Q4 sales for the 14-week period ended February 3, but indicated it was successful in reducing excess inventory. Same-store sales decreased 12.8 percent on a 13-week comparable basis.
Gordon Brothers Acquires Catch Co. Assets
Catch Co. brands include Mystery Tackle Box, 10,000 Fish, BioSpawn, Hard Hat Jigs, Heavy Metal Tungsten, Stickies Hooks, and collaborations.
NSSF: Adjusted NICS Background Checks Decline 7.4 Percent
For comparison, the unadjusted March 2024 FBI NICS figure of 2,497,577 reflects a 15.5 percent decrease from the unadjusted FBI NICS figure of 2,954,230 in March 2023.
Archery Trade Association Makes Board Appointments
ATA appointed Jason Harris, director of marketing and product management for Primos Hunting, to its Board of Directors.
Krieghoff Announces Top Three Dealers Worldwide
DuPont/Krieghoff, based in Vero Beach, FL, leads the pack with the 2023 Gold Award. With retail stores in Michigan and California, Pacific Sporting Arms earned the 2023 Silver Award. Paxton Arms, based in Richardson, TX, led by Robert Paxton and Mary DiGiovanni, earned the 2023 Silver Award.
Winchester Ammunition Awarded Contract for New Lake City Plant
Olin Corporation’s Winchester Ammunition division was awarded a contract for the construction of the next-gen squad weapon— Ammunition manufacturing facility at Lake City Army Ammunition Plant.
Confluence Outdoors Partners with Meyer Distributing
Home to the Pelican, Wilderness Systems, Perception, and Dagger brands, inked a partnership with Meyer Distributing to distribute the company’s kayak brands, including the potential for next day delivery.
GAS Bowstrings Appoints General Manager
The company said Gellenthien will play a crucial role in assisting staff to streamline processes, enhance efficiency and contribute to product innovation.
ATA Names Director of Marketing and Communications
Alex Heiser joined the Archery Trade Association with 35 years of experience leading strategic marketing plans, guiding the success of non-profit member-driven organizations and managing remote staff.
GSM Outdoors Acquires Mid-America Rod Company
Located in Arkansas, Mid-America Rod Company has been manufacturing fishing rods in the U.S. since 1976. The company manufactures its signature series of Virtus Rods and produces OEM rods for other companies.
