SGB Update Sportsmans
Retay USA Hires Maschmedt & Associates for Sales Representation
Retay USA retained Maschmedt & Associates to represent the firearms brand across 24 states.
Union Sees U.S. East Coast Port Strike Starting on Tuesday
The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. The strike would involve 85,000 ILA members and impact ports from Maine to Texas.
Asics Global State of Mind Study: The Desk Break Experiment
Asics enlisted actor Brian Cox to take on the role of the world’s scariest boss to highlight the real threat to our mental health—the desk we work at every day. Asics Global Study found tour mental state starts to decline after only two hours of continuous desk-based working, but just 15 minutes of exercise can help to reverse the effects.
FluidLogic Investors Look to Expand Hydration Systems to Consumer Categories
The company said this investment will fund new product development and innovation for consumer products in the adventure sports and outdoor endurance categories expected to be available in early 2025.
Thorogood Brand Parent Breaks Ground on New Wisconsin Facility
Weinbrenner Shoe Company, Inc., the parent company of the Thorogood brand, is breaking ground on a new state-of-the-art facility in Marshfield, WI.
American Outdoor Brands Board Approves Share Repurchase Program
The program follows the company’s prior share repurchase program approved last year, which authorized the repurchase up to $10.0 million of AOUT shares that resulted in 412,735 shares repurchased at an average price of $8.70 per share, or roughly $3.6 million in the aggregate.
Report: Holiday E-Commerce to Grow 8.4 Percent; Cyber Monday May Lag Overall Gains
Cyber Week, the five-day period including Thanksgiving, Black Friday and Cyber Monday, is expected to drive $40.6 billion in online spend this year, up 7.0 percent y/y and representing 16.9 percent of the overall Holiday selling season.
MidwayUSA Begins Construction on New Administration Building
Construction is estimated to be completed in Q4 of 2025. Along with the 400,000-square-foot Washington Distribution Center, the new administration building will complete the current plans for the new MidwayUSA campus.
GunBroker.com Parent Retains Law Firm to Investigate Past Practices; CFO Ousted
The company’s outside auditors have reportedly indicated that they are not prepared to rely on representation from the company’s management team from 2020 to 2023 until the investigation and all appropriate remediation, if necessary, is completed.
Thor Industries Taking Cautious Look Ahead as Fiscal Year-End Backlog Falls $3.37B
The company may be taking some solace in an improvement in gross margin for the fiscal fourth quarter ended July 31 because there wasn’t much else to hang its hat of in a very difficult year for the RV market, or high-end discretionary purchases, in general.
Dunlop Protective Footwear Gets New Majority Owner
The EQT Mid Market Europe fund has reportedly agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management (GEM). Financial details of the transaction have not been disclosed.
B.A.S.S., LLC Appoints Chief Operating Officer
Executive Vice President Phillip Johnson was promoted to chief operating officer. Johnson has 25 years of experience in sales and operations management. He will continue to play a crucial part in ad and sponsorship sales, events and content.
BRP Expands Presence in Palm Bay, Inaugurates New Design & Innovation Center
The parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, has opened its Design & Innovation Center in Palm Bay, FL, continuing its regional expansion.
American Outdoor Brands Postponing Annual Meeting, Filing Revised Proxy Statement
The revised proxy statement will include a binding proposal to approve amendments to its certificate of incorporation, eliminating the requirement for supermajority voting for amendments to its certificate of incorporation and bylaws.
Yamaha U.S. Marine BU Appoints Product Management Division Lead
Miguel Avello leads the company’s Product Management Division, providing strategic direction and oversight of the marine product planning functions. He reports directly to Andrea Tetto, director, marine planning, Yamaha U.S. Marine Business Unit.
