Indoor Malls Lead Overall Mall Foot Traffic Growth in May; Consumer Median Income Dips
EXEC: Trump Announces U.S. and China Have Reached Trade Deal With 55 percent Tariff
EXEC: Academy CEO Sees Promising Returns from Improved Nike Allocations, Jordan Launch
EXEC: Topo Leads Parent’s Brands Portfolio on Strong Q1 Growth; DBI’s Brands DTC Fell
EXEC Q&A: Dan Sheridan, CEO, Brooks Running
SGB Update

Grassroots Outdoor Alliance Names Top Retailer Members and Vendor Partners for 2025
Grassroots Outdoor Alliance is a retailer-owned network of 105 independently owned outdoor retailers and 67 vendor partners, working together for the growth of specialty outdoor retail network. Trail Creek Outfitters was named Retailer of the Year, and Patagonia was named Vendor of the Year for 2025.

Club Champion Sets Opening for Fourth Colorado Location
The roughly 2,350 square foot space in Johnstown, CO is expected to open in early July. The studio will be the custom golf club fitter’s fourth in the state.

K-Swiss Appoints Anwar Carrots as Creative Director of New Premium Line
K-Swiss appointed Anwar Carrots, the creative director and founder of the Los Angeles-based streetwear brand Carrots by Anwar Carrots, as creative director of K-Swiss Racquet Club (KSRC), its new premium line.

FFWD Wheels Strengthens Founding Family Presence with Global Sales Manager Appointment
Jurre Schipper is the son of company founder Henk Schipper and brother of FFWD General Manager Idsart Schipper. He will focus on strengthening relationships with dealers, distributors and partners worldwide.

NABGM Board Elects New Board Director and Association President
The National Association of Black Golf Merchandisers (NABGM) Board of Directors has elected Rodney Littles, CEO, Rodney Littles and Associates, to the Board. Arnett Gill, a Board director, was elected as president of the association.
SGB Executive

EXEC: Trump Announces U.S. and China Have Reached Trade Deal With 55 percent Tariff
President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55 percent rate without additional increases.

EXEC: Trump Tariffs Having Little Impact on Retail Footwear Prices
The May Consumer Price Index (CPI) came in cooler than expected, defying fears that the impact of President Trump’s tariffs would start to show a rise in prices. A separate analysis by the FDRA indicates that footwear prices in May likewise declined year-over-year.

EXEC: Academy CEO Sees Promising Returns from Improved Nike Allocations, Jordan Launch
First-quarter results missed analyst estimates and the retailer widened its full-year guidance due to potential inflationary pressures arriving this year. Management also shared many positive developments, including a healthy response to Nike product expansion and Jordan brand launch.

EXEC: Asia FW Factories Post Weaker Shipment Volumes in May 2025
Yue Yuen manufacturing revenue growth flattened to only a 0.5 percent year-over-year in May 2025, a sharp deceleration from the April 2025 trend. Feng Tay’s May year-over-year shipment decline cycled against strong double-digit growth in May 2024.

EXEC: Topo Leads Parent’s Brands Portfolio on Strong Q1 Growth; DBI’s Brands DTC Fell
The parent company of DSW, The Shoe Co. and Rubino retail brands, and owner of Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, reported a “soft start” to 2025 amid an unpredictable macroeconomic environment and deteriorating consumer sentiment.