SGB Update Sportsmans
Smith & Wesson Sees First Quarterly Sales Gain in Eight Quarters
Smith & Wesson Brands, Inc. reported sales jumped 35.4 percent in the fiscal first quarter ended July 31, marking its first quarterly gain since the fiscal first quarter ended July 31, 2021.
NRF Acquires Reverse Logistics Association
While hundreds of retail brands offer “gently used” products for sale, others sell excess inventory at a discount. The reverse logistics industry manages the collecting, sorting, repairing, and refurbishing of products for resale or recycling.
Kuiu to Open Store in Dallas
Kuiu, the hunt apparel brand, reported plans to open a store in Dallas, TX, in October, representing its second storefront.
Sportsman’s Warehouse Swings to Second Quarter Loss as Comps Fall
The 11.8 percent net sales decrease was said to be primarily due to lower demand across all product categories and a decline in store traffic resulting from the continued impact of consumer inflationary pressures on discretionary spending, partially offset by the opening of 14 new stores.
NSSF-Adjusted NICS Background Checks Slide in August
The National Shooting Sports Foundation reported that the August 2023 NSSF-adjusted National Instant Criminal Background Check System figure declined 13 percent year-over-year to 1.12 million checks year-over-year, but were up from 1.02 million checks month-over-month versus July.
Vista Outdoor Inc. Files SEC Paperwork to Spin Off the Outdoor Products Group
Vista Outdoor, Inc. publicly filed its Form 10 registration statement on September 5 with the Securities and Exchange Commission in connection with its previously-announced plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies.
RVIA Forecasting RV Shipments to Increase in Strong Double Digits in 2024
The new forecast projects 2024 RV shipments to range between 363,700 units and 375,700 units with a median of 369,700 units representing a 22 percent to 24 percent increase over the expected 2023 year-end range of 287,200 units to 307,000 units.
Caza Outdoors Appoints Email Marketing Specialist
Caza Outdoors hired professional archer Cara Kelly as an email marketing specialist, deepening its customer connection to its Pnuma Outdoors, Heated Core, Trophy Scan, and Los Cazadores brands.
SGB Media Releases August 2023 Most Read Articles, Key Metrics
SGB Media published a quick review of the top stories from August 2023 that drove pageviews up 14 percent month-over-month to almost 184,000, while total users grew 10 percent and time spent on the site by each user rose 19 percent for the period.
Brunswick Enters Electric-Foiling Surfboard Market with Acquisition
The acquisition of Fliteboard, which combines advanced hydrofoils and electric propulsion on the water, presents the opportunity for technological, manufacturing, commercial, and consumer synergies with Brunswick’s portfolio.
Winchester Ammo Parent Sets CEO Transition Plan
Olin Corporation announced a mutual agreement that Scott Sutton would step down as president, chief executive officer and board chairman in the first half of 2024. Sutton will continue as the Board’s executive chairman until his departure to facilitate a smooth transition.
RVIA: 16 Million RV Travelers Will Hit the Road for Labor Day
Of the 95 million leisure travelers in the U.S. planning to travel over Labor Day weekend, 16 million intend to do so in an RV, according to a recent survey conducted by Cairn Consulting for the RV Industry Association.
Redarc Electronics Makes Four Key Sales & Marketing Hires
Hires include, Greg Gorski as global marketing director, Gary Langbo as the general manager of sales, North America, Savannah Goodwin as North American strategic marketing manager, and Doug Larsen as global website and e-commerce manager.
L.L.Bean Adds Academy Sports + Outdoors as Wholesale Key Account
Academy Sports will carry a wide assortment of L.L.Bean’s products, including polos, backpacks, men’s and women’s apparel, and the iconic Bean Boots.
MasterCraft Boat Holdings Sees Worsening Boat Trends in Fiscal Q4
The company said the 15.5 percent sales decrease in Q4 reflects decreased sales volumes, less favorable model mix, and increased dealer incentives, partially offset by higher prices.
