SGB Update Apparel
RECALL: L.L.Bean Knives
About 600 knives sold by L.L.Bean are being recalled, according to a press release from the U.S. Consumer Product Safety Commission.
MidwayUSA Named Official Sponsor Of 2018 NRA Annual Meetings & Exhibits
The National Rifle Association announced MidwayUSA as the Official Sponsor of the NRA Annual Meetings & Exhibits for a ninth consecutive year.
Trump Weighs Rejoining Trans-Pacific Partnership
President Donald Trump has directed his top economic and trade advisers to look into re-entering the Trans-Pacific Partnership. The move would come a little over a year after withdrawing the U.S. from the the multilateral trade agreement in one of his first acts as president.
Sports & Fitness Product Industry Exceeds $90 Billion In Sales
SFIA’s 2018 Manufacturers’ Sales Report shows sales in the sports and fitness industry grew 2.9 percent in 2017, which represents the best annual growth in three years.
Outdoor Retailer Snow Show Dates Moving To Last Week In January Beginning 2019
Outdoor Retailer announced that dates for future Outdoor Retailer Snow Shows will move into the last week of January beginning in 2019 and will remain in the last week of January through 2022.
Unifi To Acquire National Spinning’s Dyed Yarn Unit
The acquisition is expected to enhance Unifi’s position as a leading producer of dyed staple and filament yarn in the region, and will add acrylic and wool products to the company’s dyed yarn portfolio.
The Buckle’s Comps Slide In March
The Buckle Inc. announced that comparable store net sales for the 5-week period ended April 7, 2018 decreased 1.1 percent
Puma Lifts FY Outlook On Double-Digit Q1 Revenue Growth
Puma slightly raised full-year guidance for 2018 after reporting strong preliminary results for the first quarter. Sales rose approximately 21 percent on a currency-neutral basis in the quarter.
Starboard Nominates Four For Newell Board
Starboard Value LP, the activist hedge fund seeking to replace Newell Brands’ board, charged in a letter to Newell’s shareholders that Newell entered into a “hastily constructed” agreement with famed investor Carl Icahn that may lead to Newell electing directors to the board who are weaker than its own nominees.
Academy Sports Opens Stores In Shreveport And Madison
Academy Sports + Outdoors opened new stores in Shreveport, LA and Madison, MS.
Zumiez’s March Comps Climb 12.6 Percent
Zumiez Inc. announced, that total net sales for the five-week period ended April 7, 2018 increased 14.7 percent to $82.3 million, compared to $71.7 million for the five-week period ended April 1, 2017.
Bigtruck Adds Outside Directors, Elects Chairman
Bigtruck, the headwear specialist, has expanded the company’s board of directors to include two new outside directors, bringing industry experience and perspective to the brand.
Kansas And North Carolina State Caught In College Basketball Probe
An Adidas executive conspired with others to pay the families of players to commit to Kansas and North Carolina State, according to a new court documents. Louisville and Miami had been the only schools involved in the FBI’s probe into corruption in college basketball.
Columbia Sportswear To Acquire Remaining Interest In China Joint Venture
Columbia Sportswear Company announced the intent to acquire the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture that the company currently operates in China with Swire Resources Limited, a subsidiary of Swire Pacific Limited.
University Of Washington Switches From Nike To Adidas
University of Washington athletic officials announced plans for a 10-year agreement to make Adidas the official athletic footwear and apparel partner of the Huskies through June of 2029. The university had been wearing Nike for 20 years.
