October 02, 2017
The assets associated with its defense department business, including the Big Rapids, MI, factory, were sold to Original Footwear, a TN company that specializes in military contracting.
Gun stocks all rose on the news that nearly 60 persons were killed and hundreds injured by a gunman on the Las Vegas strip. American Outdoor Brands rose 3.6%; Sturm, Ruger was up 2.82%; and Vista Outdoor was up 2.35% in mid-day trading.
While just one-fifth of the total panel in National Retail Federation’s new Consumer View survey relies primarily on e-commerce, younger shoppers (49% of 18-34 year olds) and more affluent shoppers (53% of $75k and above) make more than half of all purchases online.
The Paramount Apparel-owned golf headwear brand reorganized its management structure under newly promoted president Mike Wrightson, who was general manager previously.