May 03, 2021
As expected, shareholder rights attorneys were quick on the trigger after PTON’s dustup with the Consumer Product Safety Commission last month, filing a proposed class action in Ea. NY federal court.
Under Dog will pay a civil penalty of $9.0 million to resolve all outstanding SEC claims and agreed to cease and desist from further violations, as part of the terms of the settlement.
The retailer said that first quarter comps soared 38.9%, including double-digit sales growth in all categories and markets, boosted by customers’ wallets fortified with government stimulus money.
NSSF-adjusted NICS FBI background checks increased 1% to 1,694,118 in Apr. up from 1,678,223 last year, returning to growth after last month’s shortfall, lapping the first month of the pandemic.
SWBI plans to focus on its core Smith & Wesson product line as part of a broader strategic plan that apparently has no room for the 56-year-old hunting and long-range shooting brand.
Chuck Mason was appointed president & CEO of Algix, LLC, parent of Bloom Sustainable Materials, which makes sustainable foam cushioning products.