SGB Apparel

Puma And Foot Locker Expand Partnership

Puma and Foot Locker, Inc. have extended their long-standing partnership through collection and marketing collaborations with a refocus on basketball and to reach younger consumers.

Nike’s Chief DEI Officer Exits

Nike’s chief diversity, equity and inclusion (DEI) officer, Jarvis Sam, has exited Nike after only five months in the post, according to a report from Business Insider.

KMD Brands Adds Director

KMD Brands, Ltd., the parent of Kathmandu, Rip Curl and Oboz, announced that it had completed the process to hire an additional non-executive director to its Board. Zion Armstrong, former president of Adidas North America, agreed to join the company as a non-executive director, effective December 1, 2022.

BEA Report Confirms Strong Recovery For Outdoor Recreation Industry

Inflation-adjusted GDP for the outdoor recreation economy increased 18.9 percent in 2021, compared with a 5.9 percent increase for the overall U.S. economy, reflecting a rebound in outdoor recreation after the decrease of 21.6 percent in 2020, according to new analysis released by the U.S. Bureau of Economic Analysis (BEA).

Solo Brands’ Q3 Revenues Vault 47 Percent

Solo Brands Inc. shrunk its loss in the third quarter ended September 30 as sales jumped 47 percent. The parent of Solo Stove lowered its sales guidance for the year but kept its outlook for gross margin and EBITDA margin.