The company has promoted Sarah Raff to VP of operations, Liz Barrett to senior director of brand marketing, Stirling Cobb to product marketing director, and Chris Ragusa to director of customer experience. John Brown joins Stio as an associate creative director.
Author: SGB Media
Repreve Maker Unifi Sees Stronger Fiscal Q3 Americas Business as Asia Weakens
Unifi’s results for the third quarter were in line with expectations, driven by an improved performance in the Americas segment due to the positive traction the company experienced with the growth in its Central America business.
Ernie Els Expands Role in Jondo Eyewear as Investor
As an ambassador and investor, Els, four-time Major’s Champion and World Golf Hall of Farmer now plays an active role in shaping the brand’s growth and long-term vision.
EXEC: Coleman, Marmot Parent Shrugs Off Tariff Impact as Q1 Beats Estimates
On a quarterly call Wednesday, Chris Peterson, CEO of Newell Brands, parent of Coleman, Marmot and other outdoor brands, said he expects the company to be able to largely withstand and possibly benefit from a higher-tariff environment while predicting a larger decline in core sales for the year.
Sturm, Ruger Posts Flattish Q1 Revenues
Earnings improved 9.6 percent in the first quarter as sales dipped 0.8 percent. CEO Todd Seyfert said the flattish sales show Ruger is outperforming the industry amid the “clear and well-documented” headwinds facing the firearms category.
Pure Hockey Expands Network to SD with Hockey Headquarters Acquisition
The company has been on a growth surge with this deal, completed after acquiring Off The Bench in Omaha, NE, in March to bring its network to 82 retail locations across 31 states nationwide under the Pure Hockey and Pure Goalie brands.
Report: Sports & Fitness Manufacturers’ Sales Growth Moderated in 2024
SFIA’s latest report found that some key categories, including martial arts gear, tennis balls, pickleball racquets and outdoor/adventure footwear, delivered double-digit growth in 2024 while sales across various categories remained far above pre-pandemic levels.
Report: More U.S. Consumers Will Abandon Shoe Purchases Based on Price
The new Spring 2025 U.S. Footwear Consumer Survey from AlixPartners and the FDRA found that consumers are more likely to abandon a purchase due to cost, with 78 percent of respondents in its latest survey stating they halted a purchase due to price, up 12 percentage points from 2024.
Authentic Brand Group Inks Sock License for Tapout Brand
Grey Matter Concepts will manufacture and distribute Tapout-branded socks across the U.S. and Canada. Authentic plans to launch the first collection through select retailers and online timed with the Holiday 2025 shopping season.
Garmin’s Fitness and Outdoor Segments Deliver Double-Digit Growth
Garmin, Ltd. reported sales rose 12 percent in its Fitness segment and 20 percent in its Outdoor segment while its Marine segment showed a 2 percent decline.
Liberated Brands Europe Acquired by OneTurn S.A.S.
OneTurn S.A.S., a company newly formed by members of Liberated’s leadership team — CEO Joost Grootswagers and COO Antoine Lanusse — will continue to “preserve and grow the business independently.”
Coleman, Marmot Parent Sees Q1 Outdoor & Rec Segment Slide 9.1 Percent
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported that its Outdoor & Recreation segment suffered another sales decline in the first quarter, although profitability improved.
Report: Decathlon Plans Sale of 30 Percent Stake in China Business
The potential sales comes as Decathlon announced in March that Javier López, who had previously led Decathlon’s value chain, was appointed CEO, replacing Barbara Martin Coppola who had served in the role since March 2022.
Gildan Activewear Takes Q1 Hit from UA Licensing Business Exit; Activewear Grows
Hosiery and Underwear sales were $64 million, down 38 percent year-over-year, mainly owing to the phase-out of the Under Armour business, unfavorable mix within this category, and continued broader market weakness during the quarter.
U.S. Consumer Confidence Sinks to Near Five-Year Low
The Conference Board’s Consumer Confidence Index fell to 86 on the month, down 7.9 points from its prior reading and below the Dow Jones estimate of 87.7. It was the lowest reading since May 2020.
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