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| Above, a campground in Ely, Nevada. Photo by Armand Vaquer. |
With more Americans shunning plane travel and ship cruises due to the pandemic, they are favoring instead taking road trip vacations, causing a boom in RV sales.
Seeing this as a great opportunity, the parent company of gunmaker Smith & Wesson is moving further into outdoor gear by splitting into two public companies.
According to Skift:
American Outdoor Brands, the parent corporation that makes Smith & Wesson firearms, split into two public companies on Monday, with one of them selling accessories for outdoor recreation — the rare growing category in travel.
American Outdoor Brands will offer accessories, such as shovels and knives for camping, fishing, and other outdoor pursuits. The other business, named Smith & Wesson, will sell guns.
The split in the Springfield, Massachusetts-based corporation partly highlights the growth in outdoor recreation. The move also underscores volatile shifts in the U.S. supply and demand for firearms.
“There have been significant changes in the political climate as well as the economic, investing, and insurance markets,” Chairman Barry Monheit said in a statement. Smith & Wesson is the second only to Sturm, Ruger & Co. as the largest U.S. firearms maker by sales.
The pandemic prompted many Americans to take road trips and go camping, with RV and recreational vehicle sales booming.To read more, go here.
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