SGB Update Sportsmans
Springfield Armory Retains Orion Wholesale as Firearms Distributor
Springfield Armory added Orion Wholesale, based in Jeffersonville, IN, to its lineup of distributors to represent the company’s brand.
Buck Knives Makes Marketing Appointments
Buck Knives reported the promotions of Justin Baar to senior e-commerce and digital marketing manager and Katie Swanson to marketing communications manager.
Malibu Boats Swings to Fiscal Q4 Loss Despite Saltwater Fishing Sales Gain
The increase in net sales for the quarter was reportedly driven primarily by increased unit volumes in the Saltwater Fishing segment and a favorable model mix across all segments.
Report Forecasts Flattish Online Growth in U.S. for Holiday 2023
Salesforce’s 2023 Holiday Forecast calls for 4 percent global and 1 percent U.S. year-over-year online sales growth across November and December, reaching $1.19 trillion and $273 billion, respectively.
Mercury Marine, Labor Union Ink New Five-Year Collective Bargaining Agreement
The new contract, which will remain in place through September 30, 2028, was voted in favor by the members of the IAMAW Lodge 1947 and will be signed by Mercury Marine and the IAMAW.
Bass Pro Shops Set to Open In Loveland, CO
Bass Pro Shops announced plans today to open a retail store in Loveland, CO. The opening of the 130,000-square-foot Outdoor World, expected to open in 2025, is the retailer’s sixth Bass Pro Shop in Colorado.
Pard Optics Expands Odle Sales Territory
Pard Optics has expanded the territory serviced by Odle Sales. With 35+ years of experience, Odle Sales will add TN, NC, SC, MS, AL, FL & PA to their existing territory.
Yamaha Motor Corp. Acquires Florida Saltwater Testing Facility
The company purchased Fort George Island Marina in Duval County, FL, intending to convert the facility into the Yamaha Offshore Endurance Center.
CBC Global Ammunition Advances Lead-Free Ammo Solutions with Acquisition
CBC Global Ammunition acquired SinterFire, which CBC said “is a pioneering name in lead-free bullet technology” and that the alliance “enhances its position as a global provider of ammunition solutions.”
Winchester Ammo Parent Acquires White Flyer Targets
The acquisition includes White Flyer’s five state of the art manufacturing facilities in Coal Township, PA; Dalton, GA; Webb City, MO; Knox, IN; and, San Bernardino, CA and includes White Flyer’s recently announced Eco Flyer target product line.
Pyramyd Air Rebrands to Emphasize Broader Outdoor Product Range
Pyramyd Air rebranded to Pyramyd AIR, where AIR is an acronym for Adventures In Recreation. The company said the new name signifies the company’s mission “to outfit customers’ outdoor experiences wherever they might be.”
Dick’s SG Lays Off Corporate Staff to Streamline Cost Structure
A source told Bloomberg News that Dick’s had laid off 250 corporate employees as part of the plan. Retail staff were not impacted.
Sunday Afternoons Appoints New CEO
Patrick Mahaffey joins the family-owned brand with extensive sales, operations and leadership experience. Most recently, Mahaffey held the position of president at Good Life, Inc. He replaces outgoing CEO Sarah Sameh.
Academy Sports + Outdoors to Open First Indianapolis Store
The approximately 75,000-square-foot store will sell a wide assortment of sports and outdoors merchandise. The retailer will host a grand opening from August 25-27.
Dick’s SG Axes Outlook on Q2 Profit Shortfall, Blames Inventory Shrink
Dick’s Sporting Goods delivered 1.8 percent same-store growth in the second quarter but profits fell well below Wall Street targets due in large part to shrink. The retailer slashed its earnings outlook for the year on the Q2 shortfall and expected margin pressure in the second half and launched a business optimization program that reportedly includes the layoff of 250 corporate employees.
