Thule Group President and CEO Mattias Ankarberg said the company’s 16 percent currency-neutral growth in the second quarter was driven by new products and categories, providing clear confirmation to him that the company’s high launch pace during the year has paid off.
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EXEC: Fila Brand Delivers MSD China Retail Growth in Q2 for Anta Sports
Retail sales, in retail value, for the Fila brand in China increased in mid-single digits year-over-year in the second quarter, a moderation from the high-single-digit trend in the first quarter.
Pendleton Woolen Mills Appoints New CEO
Jennifer Ingraffea has most recently served as chief product and merchandising officer at The North Face since October 2020. Previously, she had an 18-year career at Nike. She succeeds John Bishop, a fifth-generation family member, who will remain as CEO through July to work with Ingraffea.
Scarpa Signs Parallel 45 Sales Group for Midwest Representation
Effective July 1, P45 Sales Group represents Scarpa in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin. Effective January 2026, the agency will also represent the brand in Indiana, Michigan and Ohio.
Varsity Brands’ Debt Ratings Upgraded by S&P
S&P Global Ratings stated the debt ratings upgrade for Varsity Brands, the parent of BSN Sports and Varsity Spirit, reflects “solid demand in both segments, management’s effective execution in expanding the businesses, and the wind-down of significant legal and restructuring cash expenses.”
CNBC/NRF Report Sees June Retail Sales Trends Moderate; Sporting Goods Sector Accelerates
Growth in the Clothing, Footwear and Accessories store sector decelerated from the prior-month trend. The category that includes Sporting Goods stores was up 8.5 percent y/y unadjusted in June after an 8.2 percent y/y gain in May.
ITC Rules Insta360 Infringed on GoPro Patents
GoPro, Inc. said a U.S. judge with the International Trade Commission has ruled that Insta360, a Chinese-based maker of action cameras, broke federal law with products that infringe GoPro’s intellectual property covering GoPro’s iconic Hero camera design.
Bass Pro to Host Grand Opening for Clifton Park Store
A highlight of the store is its 12,000-gallon aquarium featuring freshwater fish native to the region. The store has also tailored its inventory to serve the freshwater fishermen in the area.
Padel Haus Raises $7M In Funding Round
The Brooklyn-based padel club operator, has raised $7 million in a Series B funding round to accelerate the company’s expansion. By year’s end, it aims to operate 40 courts and reach 120 courts and more than 20 wholly owned locations by 2027.
EXEC: Eagle Creek Owner Travis Campbell Eyes Opportunities in Adventure Travel
In September 2021, Travis Campbell made a leap in acquiring Eagle Creek, a brand that its former owner and his former employer, VF Corp., had planned to discontinue. He talks to SGB Executive about the ongoing reset of Eagle Creek and the opportunities in the adventure travel consumer market.
Blacktusk Outdoors Acquires Lucky Strike Bait Works
Toronto-based Blacktusk Outdoors has acquired the Lucky Strike fishing lure brand. Plans are underway to reinvest Lucky Strike in product design, expand into new categories and increase reach across North American and international markets.
Nike, Inc. Appoints New Converse CEO
Aaron Cain, a 21-year company veteran, was named the new CEO of Converse. He replaces Jared Carver, who is stepping down after serving as CEO for two years.
FDRA Urges Trump Administration to Halt New Tariffs on Footwear Ahead of BTS Selling
On Wednesday, July 9, the Footwear Distributors and Retailers of America sent a letter to the Trump Administration requesting that it not impose additional footwear tariffs on top of the existing ones ahead of the critical back-to-school selling season.
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USTA Hires Chief Growth Officer
Mike McGoohan, former president and chief growth officer of Solo Stove, was appointed to the newly created role of chief growth officer for the United States Tennis Association (USTA). Reporting into McGoohan are Play & Competition, USTA Coaching, Marketing, Digital Strategy, Strategy & Innovation, and Industry & Sales departments.
NRF: Import Cargo Levels Drop Again After Tariff Delay Ends; Rebound Expected in July
Ports have not yet reported numbers for June, but Global Port Tracker projects the month to climb 5.9 percent from May but down 3.7 percent year-over-year. July cargo volume is expected to increase 2.1 percent year-over-year, but then fall 10.4 percent in August and 19.9 percent in September as previously paused tariffs take effect.
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