A survey of 500 U.S. e-commerce executives found that 76 percent had increased the price of goods to mitigate the cost of the new and expected tariffs. On average, retailers are passing along 51 percent of the cost of President Trump’s import taxes on to consumers.
Author: SGB Media
Strava Nets $2.2 Billion Valuation in Funding Round
The funding follows the acquisitions earlier this year of AI-driven training apps Runna and The Breakaway, as well as the continued growth of the platform, which now has over 150 million reported global users.
CNBC/NRF Retail Monitor Notes Robust Sporting Goods Sector Continued into May
Growth in the Clothing, Footwear and Accessories store sector decelerated from the April trend. The category that includes Sporting Goods stores was up 8.2 percent y/y unadjusted in May after a robust 9.2 percent y/y gain in March.
Study Shows Strong but Conditional Public Support for Hunting and Sport Shooting
Americans understand the value of ethical hunting and shooting sports, but the results from the survey inform that intention matters and that maintaining public trust requires continuous outreach and education.
PlayMetrics Merges with Stack Sports
Michael Doernberg, CEO of PlayMetrics, will lead the combined organization as CEO, and Jeff Young, CEO of Stack Sports, will transition to a strategic role as advisor to the board of directors.
Roots Sees Sales Climb 6 Percent in Q1
The Toronto-based retailer slightly narrowed its loss in the first quarter ended May 3 as sales grew 6.7 percent, marking the third consecutive quarter of growth. Founded in 1973, the retailer is known for its apparel, leather goods, footwear, and home furnishings.
FishUSA Hires Kirk Guthrie to Lead New Wholesale Operation
Kirk Guthrie joins FishUSA after 30 years in the fishing tackle industry, where he has focused on driving growth, optimizing dealer programs and building sales teams. Most recently, he was the national accounts manager at Big Rock Sports.
Topgolf to Open in Panama City Beach
The venue, the first for Topgolf on Florida’s Emerald Coast in Panama City Beach, will open on June 27, the company’s 10th in the state.
Grassroots Outdoor Alliance Names Top Retailer Members and Vendor Partners for 2025
The retailer-owned network of 105 independent outdoor retailers and 67 vendor partners, working together to grow the specialty outdoor retail network, named Trail Creek Outfitters Retailer of the Year and Patagonia Vendor of the Year for 2025.
Peloton Appoints Chief Marketing Officer; Creates Chief Technology Officer Role
Megan Imbres, formerly at Apple, becomes Chief Marketing Officer. The company has also created a chief technology officer role with a focus on AI, promoting Francis Shanahan, its SVP of Connected Fitness Software, to the position.
Dick’s SG Joins Top 50 Most Patriotic Brands for First Time; New Balance Falls in Rankings
Nike, Wilson Sporting Goods, LL Bean, Gatorade, New Balance, Converse, and Dick’s Sporting Goods all earned spots on Brand Keys 24th Annual Most Patriotic Brands survey of the Top 50 U.S.-based brands that embody the value “patriotism.” The NFL, NBA and MLB also made the list. Dick’s made the list for the first time.
GymGuyz Franchise to Open in Atlanta
Specializing in in-home mobile personal training, the franchise is now serving the Southwest Atlanta area through local husband-and-wife team Joel and Erin Castro. The Atlanta location will host a grand opening on July 17.
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 Broadens Founding Family Presence with New Global Sales Manager
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.
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