SGB Update Sportsmans
Survey Finds 92 Percent of Consumers Cut Spending This Year; Apparel Tops Cuts
A recent CNBC-Morning Consult survey found that 92 percent of U.S. adults reduced their spending over the past six months, and the majority expect to remain frugal through the 2023 holiday shopping season.
Fieldsheer Appoints Midwest RSM for Mobile Warming Brand
Travis Mayne is responsible for handling territory account management, developing go-to-market strategies and increasing sales in commercial and consumer markets.
Blue Compass RV Kicks Off Rebranding Effort in Tampa, Northeast U.S.
Blue Compass RV celebrated its rebrand with a series of store transitions throughout 2023, kicking off with the rebrand of Blue Compass RV Tampa, previously RV One Superstores Tampa.
Bass Pro Shops Sets New Location in Tucson, AZ
The new retail store will be located off I-10 as an anchor of Marketplace at the Bridges.
Decked Adds Active Lifestyle Industry Vet to Lead Sales Effort
Wanda Rozwadowska brings 13 years of sales and marketing experience in the outdoor, sports and active lifestyle industries to drive the brand’s next phase of growth and product launches.
Smith & Wesson Sets Stock Repurchase Program
Smith & Wesson Brands, Inc. announced that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through September 19, 2024.
Colt CZ Sees Q2 Revenues Climb 10 Percent
Colt CZ Group reported sales climbed 10.1 percent in the second quarter but were still off 2.7 percent in the half. Operating earnings on an adjusted basis fell 18.4 percent in the half. The Czech Republic firearms giant lifted its guidance for the year.
Clarus Receives Buyer Proposal; President of Ammo Business Resigns
The Board formed a special committee of the Board comprised of independent directors to review and evaluate the Buyer’s Proposal and any alternative proposals that could be available to the company, including the possibility of rejecting the Buyer’s Proposal and/or any alternative proposals.
Sportsman’s Warehouse Appoints New Board Member
Steven Sansom is a corporate executive with over 30 years of experience in high-growth businesses. He has served as founder and chairman of Steel Grove Capital Advisors and Steel Grove Family Office in Memphis, TN since September 2001.
RV Women’s Alliance Names New Managing Director
Patricia Carrera to serve as the organization’s new managing director and will transition fully into the position over the coming weeks with the assistance of the current managing director, Jessica Rider.
Academy Sports + Outdoors Opens First Store in Kyle, TX
The new location marks the fifth store Academy has opened in 2023 as Academy looks to achieve its goal of opening a total of 120 to 140 new stores by the end of 2027.
NRF to Present Dick’s SG Chairman Ed Stack with The Visionary Award
Presented annually to an outstanding retail leader, the 2023 NRF Visionary Award honors Stack for his leadership of the largest omnichannel sporting goods retailer in the U.S., guiding the company’s evolution from two stores in upstate New York to a Fortune 500 company.
Rock Ridge Outdoors Names New Regional Sales Manager
Dani Navickas brings more than 25 years of experience working in sales, marketing and product development within the shooting and outdoor industries, including tenures at Velocity Outdoor, Sig Sauer and Remington, to the role.
West Marine Inks Agreement with Lenders
The transaction will provide West Marine with liquidity and significantly reduce total debt to strengthen the company’s balance sheet and financial profile. The agreement was supported by 100 percent of the holders of the company’s funded debt obligations and West Marine’s current principal equity holder, L Catterton.
Lands’ End Names CFO
Lands’ End, Inc. announced that Bernard McCracken, the company’s interim CFO since January 2023 and chief accounting officer since April 2014, was named chief financial officer.
