SGB Update Sportsmans
Academy Sports and Outdoors Expands Board of Directors with New Appointment
The company has appointed Scott Boatwright to its Board of Directors, effective immediately. With this addition, Academy’s Board now comprises 11 directors.
Acme Tackle Company Acquires Two Brothers Innovations
The owners of the Acme, Kalin’s, Beaver Dam, Moonshine, Reef Runner, Uncle Josh, Atom, and Bead brands now add the Elliott Rods and 2B Fishing brands to its portfolio.
MNC Capital Ups Offer for Vista Outdoor to $3.0 Billion
MNC Capital Partners, L.P. has submitted an increased all-cash proposal to acquire all of the outstanding shares of Vista Outdoor, Inc. for $39.50 per share, or over $3.0 billion.
Thor Industries Sees Sales Declines Moderate in Fiscal Third Quarter
Independent dealers reportedly experienced increased retail activity during the spring selling season, but conversion to sales was said to remain difficult in light of the economic pressures on retail buyers.
International Sports Brands to Represent Rapid Air Worx AirForce Airguns in UK
With this partnership, AirForce and Rapid Air Worx, headquartered in Fort Worth, TX, will expand its with shooting enthusiasts across the UK and Europe.
NSSF: May Adjusted NICS Background Checks Decline 7.2 Percent
The unadjusted May 2024 FBI NICS figure of 2,000,505 reflects a 14.6 percent decrease from the unadjusted FBI NICS figure of 2,343,850 in May 2023.
Sportsman’s Warehouse Suffers Another Quarter with DD Comp Sales Declines
Same-store sales decreased 13.5 percent during the first quarter, on top of a 17.8 percent comp sale decline in the year-ago first quarter period.
NRF: Consumers Remain ‘Willing to Spend’ Despite Considerable Economic Headwinds
While the growth rate of consumer spending has begun to ease, owing to slower job and wage gains, higher interest and tighter credit, “consumers clearly remain willing to spend.”
Camping World Sets Succession Plan for Company President and CFO
Company President Brent Moody and CFO Karin Bell will resign effective July 1. On that date, Principal Operating Officer Matthew Wagner will be appointed president, and Principal Accounting Officer Tom Kirn will be appointed CFO.
VF Names Caroline Brown as TNF Global Brand President; Re-Works Board
As a result of her appointment, Brown resigned from VF Corp.’s Board of Directors. She served as an independent director on the Board from February 2024 to May 2024.
Kimber Partners with Lipsey’s, Adds Depth to Distribution
Lipsey’s is the latest authorized distributor Kimber added to its network, which includes the RSR Group, MGE wholesale, Orion wholesale, Kinseys and Grice wholesale.
Primary Arms Appoints New Director of Government Programs and Sales
Bob Protheroe reportedly brings over 30 years of experience in the industry, having held key leadership roles at Geissele Automatics, Beretta Defense Technologies, Steiner USA, Avon Protection Systems, Inc., Municipal Emergency Services, Inc., TVI Corporation, and Fisher Scientific.
Outdoor Rep Groups Form New Agency to Serve the Northeast
Ferguson-Keller, operating out of the Midwest, and Rogers Sports Marketing, operating out of the Southeast, created Gen 3 Outdoors to service the fishing, hunting and firearms, marine and related outdoor sports categories in the Northeast.
Duluth Holdings, Inc. Posts Wider Q1 Loss on Revenue Miss for Quarter
The company posted a net loss of $7.9 million in the first quarter, compared to a net loss of $3.9 million in the year-ago Q1 period. Loss per share doubled from a loss of 12 cents a share in the year-ago quarter to 24 cents per share in the 2024 Q1 period.
RVIA: RV Wholesale Shipments Again Led by Towables in April
Towable RVs, led by conventional travel trailers, ended the month up 14.2 percent from last April with 30,682 shipments. Motorhomes finished the month down 19.4 percent.
