Sequential Brands said in a regulatory filing that its ongoing strategic review and related matters have resulted in a delay with finalizing its financial statements.
Author: SGB Media

Clarus To Acquire Rhino-Rack
Clarus Corporation announced it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of automotive roof racks, trays, mounting systems, luggage boxes, carriers, and accessories, for an aggregate purchase price of U.S.$198 million.

L. L. Bean Family Honored By Maine Historical Society
Maine Historical Society honored the L. L. Bean Family with its 2021 Maine History Maker Award.

Activist Shareholder Urges Genesco Board’s To Expand Nomination Slate
Legion Partners Asset Management, the activist shareholder group, issued a statement urging Genesco Inc.’s Board to use a universal proxy card that would let shareholders choose from available candidates rather than pick the incumbent or challenger slates. The move comes after Genesco, on May 23, elected three new board members that included none of the seven candidates Legion Partners had proposed.

Rawlings And Easton Canada Introduce Canadian Sales Force
Rawlings and Easton Canada introduced a new Canadian sales force for Rawlings and Easton for Canada. Sales teams will support Miken and Worth. Kim Sarrazin was appointed team sales manager for all brands.

Golf Datatech Introduces Online Tracking Platform For Golf Equipment Sales
Golf Datatech, LLC introduced an online tracking platform for golf equipment sales.

The Pro’s Closet Raises $40M In Series B Funding
The Pro’s Closet, an online seller of pre-owned bikes, closed a $40 million Series B funding round led by The Chernin Group with participation from existing investors Foundry Group, Edison Partners and Ridgeline.

Igloo Celebrates 50th Anniversary Of Playmate Cooler On National Cooler Day
Today, on National Cooler Day, Igloo celebrates the 50th anniversary of its Playmate personal cooler and the birthday of Chilly Alexander Frost, the brand’s Playmate cooler-inspired mascot. “It’s an exciting day at Igloo as we celebrate the birthday of our dear friend and brand mascot Chilly Alexander Frost,” said Brian Garofalow, CMO, Igloo. Igloo is […]

Inside The Call: Team Sports Bounce Back Helps Drives Record Q1 Results For Hibbett Sports
Hibbett Sports hiked its full-year guidance after reporting first-quarter results that came in well above Wall Street targets with a boost from a resurgence in team sports categories. The gains came despite inventory shortages due to supply chain challenges. Hibbett’s comps are now projected to jump in the range from high-single digits to positive low-double digits for 2021, up from previous guidance of negative low-single digits to positive low-single digits.

LAMO Introduces FW21 Footwear Collection
Lamo offers an inside look at its Fall and Winter 2021 collection offering a wide range of boots, moccasins, slippers and casual styles in contemporary silhouettes for men, women and kids. While LAMO continues to offer its customers faux fur options, styles for fall and winter are lined with 100 percent Australian sheepskin. Men’s […]

Aisle Talk Week Of May 24, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of May 24, 2021 covered in the SGB Updates and delivered to your inbox every business day. This Memorial Day weekend, the unofficial start to the summer season, SGB Media would like to thank all the men and women who have died while serving in our U.S. military.

Outdoor Research To Offer Plus Sizing In Technical Apparel For F21/S22
Outdoor Research will introduce extended and plus sizing in a range of base layers, insulation and shells for Fall 2021 and Spring 2022. The offering is in partnership with a panel of six advisors working with its R+D team. “This is about getting people outside—people whose outdoor experiences are compromised by the lack of outdoor clothing […]

Johnson Outdoors Welcomes Two Board Members
Johnson Outdoors Inc.announced the appointment of Annie Zipfel and Paul Alexander as independent directors to the company’s Board of Directors.

RECALL: Trek Bicycle Pedals
Trek is recalling 345,150 pairs of Bontrager Satellite City bicycle pedals because they could fall off the crank arm of the bicycle if installed incorrectly by the retailer during assembly.

Famous Footwear Delivers Record Earnings And Sales
Caleres reported earnings and sales that exceeded Wall Street estimates as Famous Footwear achieved record quarterly earnings and delivered record first-quarter sales levels. The company’s brand Portflio segment also showed improvement with strong performances from Vionic, Sam Edelman, Blowfish Malibu, and Ryka brands.