SGB Update Sportsmans
Smith & Wesson Must Comply With Subpoena In Deceptive Ad Probe
The company said in a previous filing that the suit sought to “suppress and punish lawful speech regarding gun ownership in order to advance an anti-Second Amendment agenda.”
Report: RV Shipments for May Show Moderate Increase Over 2023
Towable RVs, led by conventional travel trailers, ended the month up 13.5 percent from last May with 30,177 shipments. Motorhomes finished the month down 31.2 percent, compared to the same month last year with 2,973 units.
L.L.Bean to Expand Store Count in 2024 Underscoring Omnichannel Growth Strategy
L.L.Bean reported it will open four new retail stores in 2024, including its first store in Indiana. The other locations include Ulster, NY; Mechanicsburg, PA; Enfield, CT; and Indianapolis, IN.
Amazon’s Annual Prime Day Returns in July
Over the course of last year, Amazon customers saved nearly $24 billion from deals and coupons—with Prime members enjoying the vast majority of those savings—including over $2.5 billion during Prime Day 2023,
UK Retail Sales Rebound in May
Retail sales in the United Kingdom rose 2.9 percent in May, up from a revised 1.8 percent fall in April, the Office for National Statistics said.
Target Corporation Shifts Senior Merchant and Marketing Roles
Christina Hennington, currently chief growth officer, has been named chief strategy and growth officer, Rick Gomez has been appointed chief commercial officer, and Lisa Roath, current CMO, will take on the role of chief merchandising officer of food, essentials and beauty,
Skeeter Boats Appoints New General Manager
John Clark was the assistant GM, and his responsibilities included managing daily operations, staff, facilities, and Skeeter’s long-term vision. He joined the company in 2006.
Sierra Bullets and Barnes Bullets Appoints New CEO
Most recently, Jim Bruno, the new CEO, was president at Vista Outdoors’ Bushnell unit, which holds many brands in its portfolio, including Bushnell, Simmons, Primos, Hoppes, Champion, Gold Tip, BeeStinger.
Report: Retail Sales Show Signs of Stabilization in May
The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.
Smith & Wesson’s Revenues Expand 10 Percent in Fourth Quarter
Smith & Wesson Brands, Inc. reported earnings on an adjusted basis gained 43.1 percent in the fiscal fourth quarter ended April 30. Sales advanced 9.9 percent. Mark Smith, president and CEO, said, “We continue to expect healthy demand overall for firearms in fiscal 2025.”
Amazon to End Plastic Use In Shipping
Amazon will eliminate “almost 15 billion plastic air pillows annually to reduce its environmental footprint.” The company will use 100 percent recycled paper filler, which is recyclable and “offers the same, if not better, protection.”
Winnebago’s Quarterly Sales Sink 13 Percent
Winnebago Industries, Inc. reported profits fell 50.9 percent in its fiscal third quarter ended May 25 as sales declined 12.7 percent. The company indicated profitability improved sequentially in both its Towable RV and Marine Segments.
Blain’s Farm & Fleet Names New CEO, Exec Chair, and Chief Stores Officer
Mark Hasting was promoted to president and CEO and Kim Treece to chief stores officer. Jane Blain Gilbertson will assume the executive chair of the company’s Board and remain the sole owner of Blain’s Farm & Fleet and Blain Supply, Inc.
Fifty 1 Labs Acquires Drago Knives
The acquisition of Drago Knives, LLC, marks a milestone for Fifty 1 Labs as it expands its portfolio into the “growing market of throwing knives,” an ancient practice with a history that dates back to prehistoric times.
Retail Sales in May Weaker Than Forecasted
Retail sales increased slower than expected in May versus the prior month, as high interest rates and inflation pressured consumer spending.
