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2/29/2024 |  Black Diamond Parent Closes on Sale of Ammo Business (SGB UPDATE) Clarus Corporation completed the sale of its Precision Sport segment, which is comprised of Sierra Bullets, LLC and Barnes Bullets-Mona, LLC, to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company.
The company sold its Precision Sport segment for approximately $175 million and used a portion of the proceeds to retire in full all of the company’s outstanding debt as of February 29, 2024. In connection with the repayment of the outstanding debt in full, the Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, was terminated.
2/22/2024 |  Sturm, Ruger Sees Inventory Levels Grow as Distributor Inventory Decreases (SGB UPDATE) Fourth quarter 2023 net sales were $130.6 million, a 12.5 percent decline compared to net sales of $149.2 million in the 2022 Q4 period. Diluted EPS were 58 cents per share for the quarter, compared to $1.06 per sharefor the corresponding period in 2022.
2/21/2024 |  Authentic Partners with Aldo Group for Hunter Bags and Small Leather Goods (SGB UPDATE) Authentic Brands Group (Authentic) signed a long-term partnership with the Aldo Group, the fashion retailer and wholesaler, for Hunter. The deal sees Aldo taking on the design, production and distribution of Hunter bag products and small leather goods for women and men in the U.S. and Canada.
“We are pleased to expand our relationship with the Aldo Group and embark on this new partnership for Hunter,” said Jarrod Weber, group president lifestyle and chief brand officer at Authentic. “This partnership allows us to tap into the rich heritage of Hunter and translate it into a range of accessories that resonate with consumers seeking quality, style and functionality.”
2/14/2024 |  Sitka Gear to Open First Southeast Store (SGB UPDATE) Sitka Gear reported it will open its third brick-and-mortar storefront in The Battery Atlanta, with a grand opening for the community on February 24.
“We’re expanding our footprint to bring Sitka’s innovation and passion for the outdoors to the Atlanta community,” said Alley Ray, retail experience manager for Sitka Gear. “Our gear is designed to excel in any environment, and the Atlanta store allows us to provide enthusiasts with a unique, hands-on experience to explore the difference our gear can make in their outdoor adventures.”
2/9/2024 |  Ammo, Inc. Halves Fiscal Q3 Loss Despite Sales Decline as Costs Cutting Continues (SGB UPDATE) Ammo, Inc., the owner of, reported an improvement in the marginality of its ammunition segment when reporting results for the fiscal third quarter ended December 31, while the margins of the marketplace segment reportedly remained strong. The company said it continued to see positive demand trends for its ammunition product, and activity continued to increase on as it entered the final quarter of its fiscal year.

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