SGB Update Apparel
Reebok Secures Outerwear Licensee for the UK and Europe
Authentic expanded its partnership with Focus Brands to include designing, manufacturing and distributing Reebok-branded outerwear across the UK and Europe for men, women and kids.
Scott USA Appoints Chief Operating Officer
In his new role, Jake Dudek will oversee teams across finance, operations and e-commerce, driving commercial strategy and operations for Scott’s portfolio of sporting equipment brands in the USA.
Report: U.S. Golf Rounds Show Recovery In June
June’s gains marked an uptick after May’s rounds declined 0.8 percent. By region for the month, the most significant gains were in the Mid-Atlantic, according to Golf Datatech, a subsidiary of Circana.
Bass Pro Shops Plans to Open Fifth Minnesota Location
The 70,000-square-foot space, which will be on Haines Road in Hermantown, accessible via U.S. Highway 53, is due to open in the first half of 2025.
REI Opens Distribution Center in Tennessee
The 400,000-square-feet DC reportedly “complements REI’s three existing distribution centers in Bedford, PA; Goodyear, AZ; and Sumner, WA.”
G-III Apparel Group Increases Investment in Façonnable Parent
All We Wear Group (AWWG) owns the Pepe Jeans London, Hackett, and Façonnable brands and is now the official agent for DKNY, Donna Karan, and Karl Lagerfeld across Spain and Portugal.
PXG Opens Location In San Diego
PXG San Diego is located at Miramar Crossings, its third California-based retail and fitting studio.
Report: U.S. Consumer Sentiment Drops to 8-Month Low in July
The University of Michigan’s consumer sentiment index fell to 66.4 in July from June’s 68.2. Economists polled by FactSet had expected the reading to come in at 66.5.
PGA Tour Superstore to Open First Store in Michigan
The 42,000-square-foot space in Novi, MI is the chain’s 69th in the U.S. across 26 states.
Camber Outdoors to Cease Operations in August
The Camber Board and Leadership reported it will cease operations in late August 2024 because of “continued industry headwinds combined with the fact that outdoor industry companies are moving beyond the focused workplace tools that Camber Outdoors traditionally has provided,”
Outdoor & Recreation Segment Falls 18.2 Percent for Newell Brands in Q2
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo reported that its Outdoor & Recreation segment actually fell 22.5 percent due to the impact of currency adjustments.
Report: Decathlon in Talks to Acquire Stake in Spain’s Tradeinn
The e-tailer, based near Girona in Spain, sells sports equipment and clothing online via about 20 specialist sites, including Diveinn for diving, Goalinn for football, Trekkinn for outdoor equipment, and Smashinn for tennis and padel.
Columbia Sportswear Beats Q2 EPS Estimates but Misses on Sales
North America led the world lower as bot the U.S. and Canada both posted negative sales growth for the quarter. Mountain Hardwear was a winner for Q2, while Sorel and Prana posted DD declines. Columbia brand was down 4 percent year-over-year.
Asics To Raise $1.2 Billion In Secondary Stock Offering
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
Tractor Supply’s Q2 Comps Slip as Strength in Seasonal Offset by Discretionary Weeakness
The comp store sales decline was driven by a comparable average transaction count decline of 0.6 percent, partially offset by a comparable average ticket increase of 0.1 percent. EPS rose 2.6 percent.
