SGB Update

The Pickle Pad to Open Three Locations

The indoor pickleball brand plans to open three new venues in the third quarter located in Myrtle Beach, SC; St. George, UT; and Newport News, VA in the third quarter. 

Survey: 84 Percent of U.S. Consumers Plan to Shop Prime Day in 2025

A survey from RetailMeNot finds 84 percent of U.S. adults plan to participate in Prime Day this year, up from 81 percent in 2024. That number rises to 92 percent among those aged 45 to 60, while 88 percent of millennials plan on shopping during the event.

Perfect Moment Prelim Fiscal Q4 Results Show Small Sales Increase

Revenue for the full year declined 12 percent, reportedly due in part to one of the company’s largest wholesale customers, Matches Fashion, filing for bankruptcy. Alongside increased investment in leadership, infrastructure, and brand positioning, this had an adverse impact on operating results.

Authentic Secures Sperry Brand Distributor for UK and Ireland

Authentic Brands Group has established a new partnership with Gardiner Bros for the Sperry brand across the UK and Ireland. Gardiners is reportedly one of the UK’s leading distributors of global footwear and apparel brands and will serve as the official distributor for the footwear brand, catering to both men and women.

Xponential Fitness, Inc. Appoints New Member to Board of Directors

Lily Yang has been appointed to the company’s Board of Directors effective June 16, 2025. Yang will also serve as chair of the Audit Committee. She has nearly 30 years of experience working in diverse organizations across technology, healthcare and other high-growth industries.

Dôen Secures Equity Investment

The company currently operates seven brick-and-mortar stores, including recent openings in Marin, CA and Nantucket, MA. Retail sales, in aggregate, are reported to have “grown 80 percent year-over-year, while comp store sales are up 46 percent, with 65 percent growth at its Bleecker Street store in New York City.”

Study Highlights Opportunities for Brands Supporting Women’s Sports

A new study by women’s sports agency Parity finds that 68 percent of U.S. sports fans trust that female athletes believe in the products they are promoting. Of the respondents, 43 percent of female sports fans and 67 percent of those who frequently watch female sports said that a brand’s partnership with a female athlete makes them more likely to make a purchase.

Hodgdon Powder Company Co-Founder JB Hodgdon Passes Away

With his brother Bob, JB Hodgdon continued the legacy of Hodgdon Powder Company started by his father and grew the company into the preeminent supplier of gunpowder and black powder substitutes for handloading and muzzleloading enthusiasts.

Amazon Extends Prime Day to Four Days

Amazon’s annual Prime Day sales event is scheduled for July 8-11, expanding to four days from two days compared to last year. The first Prime Day event began in 2015 with the goal of increasing Prime membership.