SGB Update Sportsmans

Outdoor Leaders Comment on Latest Outdoor Rec Economy Figures

The U.S. Bureau of Economic Analysis (BEA) reported the latest statistics, which show that outdoor recreation generates $1.1 trillion in economic output (2.2 percent of GDP), nearly 5 million jobs, and comprises 3.2 percent of U.S. employees, according to an early analysis by the Outdoor Recreation Roundtable.

Record Traffic Forecasted for Thanksgiving Holiday Weekend

An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.

Legacy Sports International Appoints COO

Legacy Sports International, a distributor/importer in the shooting sports industry, appointed Paul Lemke as its new chief operating officer.

Walmart Raises Outlook as Q3 Surpasses Analyst Targets

Walmart raised its annual sales and profit forecast for the second straight quarter after third-quarter exceeded analyst estimates. Sales in the quarter grew 5.2 percent with strength across segments and comps rising 4.9 percent for Walmart U.S.

Chief Upland Acquires Q5 Outdoor Products

The acquisition of Q5 Outdoors reportedly expands the Chief Upland brand from one core upland vest style to more than six. Chief said it will now have dialed-in gear offerings for hunting in all climates and for pursuing all types of upland game.

NMMA Appoints SVP of Government Relations

The National Marine Manufacturers Association appointed Robyn Boerstling as senior vice president of government relations, reporting to NMMA president Frank Hugelmeyer.

Michigan Consumer Sentiment Falls to Six-Month Low

Consumer sentiment fell for the fourth month, according to a preliminary report published for the Michigan Consumer Sentiment Index. The Index came in at 60.4, down 3.4 points, or 5.3 percent, from the October final.

Garmont Names New CEO

Italian outdoor footwear brand Garmont International hired Andrea Nalesso as CEO. Nalesso takes over from Pierangelo Bressan, who remains chairman of the board and a Garmont shareholder.

Traeger’s Q3 Sales Climb 26 Percent

Traeger, Inc. slightly raised its guidance for 2023 as sales grew 26 percent in the third quarter ended September 30, led by a 45 percent jump in grills. The company attributed the improvement to more normalized replenishment rates following its inventory destocking efforts.