June 14, 2018
With the expected news that Canada, the U.S. and Mexico will host the 2026 event, the 2018 World Cup kicked off in Russia with the usual hoopla from both the sporting press and labor activists.
The parent of 5.11 Tactical, Liberty Safe and Crosman said that it has enough exposure to the outdoor market right now, though it would certainly still consider an exceptional opportunity in the segment.
Hi-Tec licensed revenues increased 58% in the first quarter ended May 5, but weakness elsewhere at the licensing company resulted in a loss of $2,741,000 against a loss of $3,259,000 on 21% lower revenues of $5,402,000 from $6,817,000.
While still trending negative, the decline narrowed considerably from the first two months of the year, with handgun and rifle imports both off 4% to 253,354 units and 47,089 units respectively.
GPS hired Neil Fiske as president and CEO of the Gap brand, two months after his departure from the surf company following its acquisition by Boardriders.
Adjusted sales for sporting goods/hobby/book and music stores declined 1% to $6,903 million last month from $6,954 million in May. 2017, according to Commerce Dept. data.