The initiative is expected to simplify compliance with the UFLPA for U.S. textile and apparel manufacturers, while addressing the increasing demand for near-shoring.
Author: SGB Media
Rural King Opens Newest Store in Pennsylvania
The family-owned retailer for over six decades, catering to the rural lifestyle, has opened a new store in Altoona, PA. The store will hold a grand opening from May 23-25.
Recall: Colt CBX Bolt-Action Rifles
Colt has voluntarily initiated a recall of the rifles because of the potential for an unintentional discharge, without pulling the trigger, under certain conditions when the manual safety is disengaged. Both the CBX Precision and CBX Tac Hunter models are affected.
Foot Locker’s Debt Ratings Placed Under Review Following Dick’s SG’s Offer
Moody’s Ratings placed all Foot Locker, Inc.’s debt ratings on review with direction uncertain following the announcement that Dick’s Sporting Goods, Inc. has entered into a definitive agreement to acquire Foot Locker for an enterprise value of approximately $2.5 billion.
TruGolf Holdings Builds in Q1, Eliminates Convertible Notes and Inks L.I. Franchisee
The three founders of TruGolf agreed to convert existing dividends owed to them into a combination of Class A common stock and Class B common stock. The ability for the noteholders to invest in further tranches of debt will be terminated, and upon the closing of these note exchange transactions, approximately $9.3 million in outstanding debt will be eliminated.
First Descents CEO Ryan O’Donoghue Loses Battle with Mental Illness
The nonprofit that provides outdoor adventures for young adults impacted by cancer and other serious health concerns, saw its CEO succumb to mental illness, taking his own life on May 9, 2025.
Miura Golf Mourns the Passing of Founder Katsuhiro Miura
A master craftsman of hand-forged golf irons known worldwide for their quality and performance, has passed away at 83. Under the supervision of Miura’s sons, Shinei and Yoshitaka, and grandson, Kokuse, Miura clubs continue to be designed and forged in the company’s factory in Himeji.
Lazydays RV Cuts Q1 Net Loss as Revenues Shrink
The company completed the strategic divestiture of five dealership locations in the quarter, enabling it to enhance its cost structure and significantly de-lever the balance sheet by repaying approximately $145 million in debt.
Xponential Fitness CEO Mark King to Exit After Less Than a Year at the Helm
The owner of the Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, Rumble, BFT, and Lindora fitness and wellness brands put King in a tough position when the company had to restate its 2023 financial statements within nine months of his joining the company as CEO.
Culture Kings Parent A.K.A. Brands Posts 14 Percent U.S. Sales Growth in Q1
The company’s portfolio of brands that includes Culture Kings, Princess Polly, Petal and Pup, and MNML looks to reach at least $600 million in sales in 2025.
Zanders Updates Business Development Efforts with New Hire
Before joining Zanders, Caleb Barnett oversaw marketing, key accounts and ballistics testing over four years at Underwood Ammunition.
Grassroots Outdoor Adds Five New Retailers to Alliance
The five new retailers added in April include Down Wind Sports, Granite Sports, Sherpers, The Trail House and WheelzUp Adventures to bring the Alliance total to 104 independent retailers.
Beachbody’s Q1 Sales Fall 40 Percent but Net Loss Narrows
Total revenue was $72.4 million compared to $120.0 million in the prior year period. Net loss was $5.7 million compared to a net loss of $14.2 million in the prior year period.
Birkenstock Posts Strong Fiscal Q2 with Strong DD Gains in Both Sales and Profit
Revenue growth was said to be supported by double-digit unit growth and mid-single digit growth in ASPs. Closed-toe shoes reportedly continued to out-pace the strong double digit growth of sandals, contributing to the higher ASP.
Puma Appoints Dominique Gathier as VP Teamsport Business
Dominique Gathier replaces Matthias Bäumer, who took on the role of Puma’s chief commercial officer earlier this year. Gathier reports to Maria Valdes, Puma’s chief product officer, effective May 15.
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