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Author: SGB Media

New Era Cap, LLC and ’47 Brand Combine to Create $2 Billion Entity

June 6, 2024 SGB Update

Following the close of the transaction, the New Era and ’47 brands will continue to serve consumers independently from each company’s respective headquarters in Buffalo, NY, and Westwood, MA, with ’47 led by Dominic Farrell.

Tilly’s Inc. Posts Wider Q1 Net Loss as Comps Fall Nearly 10 Percent

June 6, 2024 SGB Update

Net sales from physical stores were $92.8 million, a decrease of 5.1 percent year-over-year, while net sales from e-commerce were $23.0 million, a decrease 10.8 percent year-over-year.

F45 Training and David Beckham Resolve Past Business Dispute

June 6, 2024 SGB Update

The company has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial deal with David Beckham. The lawsuit will be dismissed, and DB Ventures Limited will reportedly remain an investor in F45 Training.

MNC Capital Ups Offer for Vista Outdoor to $3.0 Billion

June 6, 2024 SGB Update

MNC Capital Partners, L.P. has submitted an increased all-cash proposal to acquire all of the outstanding shares of Vista Outdoor, Inc. for $39.50 per share, or over $3.0 billion.

U.S. Senate Finance Committee Set to Tackle GSP Renewal, Other Trade Practices

June 6, 2024 SGB Update

It is the Outdoor Industry Association’s hope that Senator Wyden’s and the Finance Committee’s leadership will “create the needed momentum to pass GSP renewal into law.”

Freeride Skiing and Snowboarding Recognized as an Official Discipline by FIS

June 6, 2024 SGB Update

The International Ski & Snowboard Federation (FIS) has recognized Freeride Skiing and Snowboarding as an official discipline. The decision was made on June 5, 2024 during the FIS General Assembly held in Reykjavik, Iceland.

Adidas Yeezy and Fear of God Top Brands Flagged in StockX Verification Process

June 6, 2024 SGB Update

According to the data, the No. 1 reason StockX rejects products during its verification process is signs of previous wear (29 percent), with suspected fakes (19 percent) being the second most cited reason for failure.

Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas

June 6, 2024 SGB Update

Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.

Cinelli Appoints New Australian Distributor

June 6, 2024 SGB Update

Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.

Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises

June 6, 2024 SGB Update

Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.

EXEC: Lululemon Had Busy Q1, Beating Estimates, Buying Mexico Ops, Fixing Product Misses

June 6, 2024 SGB Executive

It wasn’t long ago that the market was ready to write off Lululemon as new challenges befell Nike and LULU had its own issues to address, including the recent departure of Chief Product Officer Sun Choe for a new opportunity to run the Vans brand for VF Corp.

The Buckle Posts 7.6 Percent Comp Sales Decline for May

June 6, 2024 SGB Update

Net sales for the 4-week fiscal month ended June 1, 2024 decreased 8.2 percent to $82.0 million from net sales of $89.3 million for the prior-year fiscal month in 2023.

G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld

June 6, 2024 SGB Update

The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.

Stack Athletics Drops Summer 2024 Pickleball Collection

June 6, 2024 SGB Today

Stack fuses streetwear meets pickleball-focused tech in Summer 2024 apparel collection

Lululemon Beats Q1 Sales and Earning Estimates; Shares Jump Double Digits

June 5, 2024 SGB Update

The company delivered first quarter EPS of $2.54 per share, beating Street estimates by 12 cents a share. Revenue amounted to $2.21B, outpaced the estimates. Revenue grew 11 percent year-over-year in constant-dollar terms. .

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Report: Adidas to Replace Nike as Tennessee’s Outfitter

July 3, 2025

Dick’s Sporting Goods and the WNBA Renew Multiyear Partnership

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Pacsun Embraces Understated Luxury with Field of Study Collection

June 26, 2025

Macron Extends Contract with UEFA for Referee Kits

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GCOOS Develops New Open-Source Tool for Accessing Ocean Data

June 26, 2025

Bobs From Skechers Awards Paws for a Cause Design Scholarships

June 25, 2025

Garmin’s Gradient Simulator Raises Bar on Indoor Cycling

June 24, 2025

PGA Tour Superstore Owner Grants $10M to Non-Profit The First Tee

June 24, 2025

Castore Partners with English Rugby Club Leicester Tigers

June 21, 2025

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