SGB Update Sportsmans
NRF Sees 3 to 4 Percent Growth in Holiday Spending
The National Retail Federation (NRF) delivered its annual holiday forecast, predicting sales during November and December will be between 3 percent and 4 percent higher over 2022, similar to pre-pandemic levels.
GSM Outdoors Expands Brand Stable with Camillus, Cuda Acquisitions
GSM Outdoors acquired Camillus Cutlery, founded in 1876, one of the oldest knife manufacturers in the United States, and announced the acquisition of the Cuda fishing tools brand.
Sturm Ruger’s Q3 Sales Decline 13 Percent
Sturm, Ruger & Company, Inc.’s sales declined 13.3 percent in the third quarter, to $120.9 million from $139.4 million a year ago. Earnings fell 40.4 percent to $7.43 million, or 42 cents a share, from $18.4 million, or $2.13, a year ago.
Camping World Q3 Profit Falls 70 Percent as Inventory Cleared
As the procurement prices of model year 2024 new vehicles declined compared to model years 2022 and 2023, the company actively discounted certain used vehicles in Q3 to reduce inventory levels of aged used vehicles.
Vista Outdoor’s Revenues Decline 13 Percent in Fiscal Second Quarter
Vista Outdoor, Inc. reported sales dropped 13 percent in the fiscal second quarter ended September 24 with declines of 19 percent in its Sporting Products segment and 6 percent in its Outdoor Products segment. Earnings and sales results were in line with updated guidance given on October 16.
St. Croix Fly Adds Industry Vet as Southeast Sales Rep
The fly rod company hired Chase Pritchett as a sales rep for the Southeast U.S., covering Alabama, Georgia, Florida, South Carolina, North Carolina, and Tennessee.
Salvo Technologies Hires President of Salvo Sports Division
Most recently, Keith Enlow was president of Sierra Bullets and Barnes Bullets and Ammunition. Before that, he was the CEO for the U.S. Olympic and Paralympic Shooting teams. He has served in prior senior leadership roles at Remington Ammunition.
Primary Arms Promotes Cumberland and Whatley to New Roles
The company promoted Özge Cumberland to chief business development officer and Aaron Whatley to VP of merchandising.
U.S. Consumer Confidence Drops for Third Consecutive Month
The Conference Board said its consumer confidence index fell to 102.6 in October from an upwardly revised 104.3 in September. Economists polled by Reuters had forecast the index slipping to 100.0 from the previously reported 103.0
Former Academy Sports CEO Joins Guitar Center as Chairman
Guitar Center Holdings, Inc. appointed Ken Hicks, executive chairman of Academy Sports and Outdoors and former CEO, as Board Chair. Guitar Center also named Gabriel Dalporto its new CEO and rehired Tim Martin as CFO.
Canadian Tire Exploring Alternatives for Financial Services Business
Canadian Tire Corp. said it bought back Scotiabank’s 20 percent stake in its financial services arm in a cash transaction valued at C$895 million ($647.14 mm) and is reviewing alternatives for its financial services arm. The moves were made in part to better support its loyalty program.
The Conservation Alliance Appoints Interim Executive Director
The Conservation Alliance appointed active outdoor industry veteran Joe Craig as interim executive director. He previously served on the Conservation Board of Directors from 2015 to 2022.
Newport Vessels Appoints New Head of Product Development
Newport Vessels, a clean electric technology brand in the boating and angling industry, hired Jason Kardas as head of product development. Kardas had previously worked for Hobie for over 23 years.
Acme Tackle Expands Portfolio with Moonshine Lures Acquisition
Acme Tackle Company, made by Hard and Soft Fishing and the makers of Acme, Kalin’s, Beaver Dam, Reef Runner, Uncle Josh, Atom and Bead, acquired Moonshine Lures, LLC of Perkins, MI.
Walmart Celebrates “Re-Grand Opening” of 117 Remodeled U.S. Stores
The re-grand opening project represents over a half a billion dollars in capital investments in local communities across 30 states.
