SGB Executive

Shares of Peloton Interactive were down about 9 percent in mid-day trading Monday after the U.S. Consumer Product Safety Commission (CPSC) in an unusual move warned people to stop using the company’s Tread+ "immediately" if they have children or pets in the home, citing 39 incidents including one death.  Peloton called the warning "inaccurate and misleading" but some analysts felt the heightened safety concerns could slow subscriber growth. (Read More)

At the JP Morgan Retail Round-Up, Academy Sports’ officials said strong sales momentum continues for many pandemic-boosted categories but they also spent time elaborating on the chain’s efforts to strengthen partnerships with Nike, The North Face, Adidas and other key brands. (Read More)

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of April 12, 2021 covered in the SGB Updates and delivered to your inbox every business day. (Read More)

REI Co-op logged a net loss of $34.5 million in 2020 and sales on a Proforma basis were down 8 percent. However, the retailer was able to exceed its pandemic-adjusted targets and finish the year in a strong financial position, said Kelley Hall, REI SVP and CFO, in an interview with SGB Executive. Sales have also seen a resurgence since the initial pandemic-driven store closures and momentum has continued into 2021. (Read More)

JD Sports Fashion, Britain’s biggest sportswear retailer, predicted profits would rebound more strongly than expected in 2021 as stores reopen after lockdown and its aggressive expansion in the U.S. shows early signs of paying off. (Read More)