Polygiene’s Loss Widens in Q2, Blames U.S. Tariffs
Sales in the quarter ended June 30 amounted to SEK 31.9 million ($3.4 mm), down 12.2 percent from SEK 36.4 million a year ago. The loss was SEK 3.13 million, compared to a loss of SEK 1.37 million a year ago.
Scheels to Open Location in Blaine, Minnesota
Scheels announced plans to open a 250,000-square-foot store in Blaine, MN, in spring 2028. The location will be the company’s second location in the Twin Cities metro, joining Eden Prairie, and sixth in the state.
EXEC: Grassroots President Gabe Maier Talks About Connections
Gabe Maier, president of Grassroots Outdoors Alliance talked with SGB Executive about the work the membership organization is doing on behalf of independent outdoor retailers, its evolving Connect show and the prospects for a national show for the outdoor industry.
Rouvy Acquires Bkrool Indoor Cycling Platform
Czech-based indoor cycling platform Rouvy reached an agreement to acquire Spain-based competitor Bkrool. The acquisition will support Rouvy’s expansion with Bkrool having a strong presence in Spain (and Spanish-speaking countries), France and Denmark. Bkrool will continue as a standalone brand within The Rouvy Group.
Backcountry Acquires Local Utah Outdoor Value Retailer Level Nine Sports
The deal is expected to benefit Level Nine Sports’ e-commerce capabilities and physical retail experience while providing a wider range of cost-conscious outdoor goods to Backcountry customers.
Deckers Brands Nominates Former Starbucks and Hyatt CFO to Board
Grismer brings over 35 years of financial leadership experience at major global consumer companies. He currently serves on the Board of Directors of Krispy Kreme and has recently served as Chair of the Board of Directors of Panera Brands.
EXEC: Hoka and Ugg Get International Lift and Post Wholesale Strength Globally for Deckers Brands in Q1
Deckers Brands President and CEO Stefano Caroti said the strength of the company’s business continues to be driven by the “remarkable growth” in international markets with Hoka and Ugg both contributing to the company’s 49.7 percent increase in international revenue, while navigating “a choppy U.S. consumer environment.
Arc’teryx to Open New Vancouver Flagship Store
Spanning 6,430 square feet, the new store is situated at 1001 Robson Street, previously occupied by a Roots store at the corner of Burrard and Robson streets. The store will open on July 26, replacing Arc’teryx’s flagship at 813 Burrard Street.
World Surf League Appoints New Chief Revenue Officer
Nicole Metzger most recently served as the chief sales and partnerships officer for the Ladies Professional Golf Association (LPGA). Before that she served as the chief revenue officer at JMI Sports/Clemson University, where she expanded multimedia rights and launched the Clemson Campus Digital Network.
Black Diamond Parent Sees Call-Out in Investment Company’s Second Quarter Letter
Laughing Water Capital said in its letter that Clarus is “subscale” and undergoing a reset after expanding their SKU count a bit too much. Thirteen hedge fund portfolios held Clarus shares in their portfolios in the second quarter, flat to last year.
Consumer Sentiment Inches Up in July; Low Levels of Optimism Persist
The University of Michigan’s preliminary index of consumer sentiment edged up to 61.8 in July from 60.7 in June; however, consumer sentiment has declined by 6.9 percent (4.6 points) compared to the same time last year and is down 16 percent from December.
Chaparral and Robalo Parent MPX Sees Q2 Revenue Declines Moderate; Profit Falls
Second-quarter sales were down 3 percent year-over-year, but shipments and sales grew sequentially again in the quarter and are now said to be solidly above the lows of the second half of 2024.
Foot Locker and Dick’s Sporting Goods Extend Antitrust Review Period for Merger
Foot Locker Inc. announced in a regulatory filing that Dick’s Sporting Goods, Inc. has voluntarily withdrawn its pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act as part of its plans to acquire Foot Locker. The withdrawal, made on July 23, is intended to provide the Federal Trade Commission with additional time to review the proposed transaction.
Brunswick Corp. Ekes Out Revenue Bump Despite Continued Boat Group Weakness
The owner of the Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons, Princecraft, and Quicksilver boat brands, and the Mercury Marine, Mercury Racing, MerCruiser, and Flite marine propulsion brands, said second quarter sales were slightly above the year-ago quarter
REI Sets Opening for Durango, Colorado Store
The 22,000-square-foot space will be the retail chain’s 11th store in Colorado. The store will open on July 25 for a soft opening, with an official opening on August 22.
