SGB Update Sportsmans
NRF Appears to Promote Two Monthly Sales Trend Reports with Differing Data
March’s core retail sales as defined by the NRF, based on the census data but excluding auto dealers, gas stations, and restaurants, were up 1.1 percent seasonally adjusted from February and up 3.2 percent unadjusted year-over-year.
CNBC/NRF: March Retail Sales Grew 2.7 Percent
Total retail sales, excluding automobiles and gasoline, were up 0.36 percent seasonally-adjusted month-over-month and up 2.7 percent unadjusted year-over-year in March, according to the Retail Monitor.
Armament Systems Appoints Sales Director for Western U.S.
Carlos Ruiz, most recently a Riverside County deputy sheriff, is responsible for law enforcement agency and distributor relationships in an eleven-state territory.
Buds Guns Shop CEO Acquires Business from Founder Bud Wells
CEO Joe Murphy acquired sole ownership of the company. Murphy will remain as CEO continuing to grow its leadership role in the shooting sports industry.
U.S. House Passes the EXPLORE Act to Expand Outdoor Recreation Access
The Act’s passage through the House “represents a historic moment as it is the first outdoor recreation-specific bill package, and it achieves this without cost to taxpayers.”
NRF: Despite Baltimore Port Shutdown, Import Cargo Expected to Hit 2M Containers
The Baltimore bridge accident will likely shift container imports and exports to New York/New Jersey, Virginia and other surrounding ports until a shipping channel is cleared, perhaps as soon as within a couple of months.
Garmin Ltd. Transitions General Counsel Role as Andrew Etkind Retires
The company’s Associate General Counsel and Assistant Secretary Josh Maxfield will assume the role of VP, general counsel and assistant secretary. Etkind will continue to serve as vice president and secretary for Garmin Ltd.
Watchtower Firearms Appoints New Chief Operating Officer
Graham Kohlmeyer will play a crucial role as COO, driving the execution of Watchtower Firearms’ strategic roadmap in his new position.
NSSF Board of Governors Adds Member
Derek Sevcik is executive vice president, group publisher and operations, at Outdoor Sportsman Group. Before his current role, Sevcik was senior vice president of finance and publishing at OSG.
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.
