SGB Update Outdoor

Outdoor Apparel Company SheFly Rebrands As Gnara

Outdoor apparel company SheFly reportedly rebranded as Gnara. Part of the reason may be because Turkey-based Melik Tenstil Group is using the Shefly brand name to sell its fashion apparel at wholesale prices.

Shimano Trims Outlook As Q1 Cycling Segment Sales Decline

Shimano slightly lowered its outlook for the year after reporting earnings declined in the first quarter on a 12.5 percent revenue decline. Sales in the Bicycle Components segment were down 17 percent in the first quarter while Fishing Tackle segment sales were up 7 percent.

Report: U.S. Footwear Sales Slip In Q1 But Performance Footwear Gains

U.S. footwear industry sales revenue was down 3 percent in the first quarter year-over-year to $9.0 billion, according to point-of-sale data published by Circana, formerly The NPD Group. Gains in the performance footwear category, led by basketball, were offset by declines in the leisure and fashion categories.

Jack Wolfskin Signs With Irish Distributor

Jack Wolfskin based in Idstein near Frankfurt, Germany, has entered into a partnership with Bleubird to see the Belfast-based outdoor lifestyle equipment distributor and brand exclusively represent Jack Wolfskin in Ireland and Northern Ireland, effective immediately.

JD Sports Appoints Two New Board Directors

JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, appointed Angela Luger and Darren Shapland as non-executive directors, effective June 1. Lauger joins JD Sports Remuneration Committee and Shapland its Audit and Risk Committee also effective June 1.

Dick’s SG Completes Redemption Of Convertible Notes

Dick’s Sporting Goods, Inc. said in a regulatory filing it completed the conversion and redemption of its outstanding 3.25 convertible senior notes due 2025 and expected to reduce its annual interest payments by approximately $1.9 million.

Academy Sports + Outdoors To Open First Store In Peoria, IL

Academy Sports and Outdoors, Inc. reported it will open its first location in Peoria, IL, this summer; this is the second location in Illinois, set to open in Grand Prairie Plaza. The floor space covers over 60,000 square feet.

Canada Goose Makes Five Appointments To Leadership Team

Canada Goose reported making five appointments to its leadership team, effective immediately. Matt Blonder was hired as chief digital officer, Juliette Streichenberger was tapped as president of CGAG and the EMEA, Ana Mihaljevic was named head of global stores in addition to her role as president of North America, Daniel Binder moved from an interim position to chief transformation officer and EVP, sales operations and planning, and Patrick Bourke was promoted to SVP of strategy and corporate development.

Samsonite’s Debt Ratings Upgraded On Robust Sales Recovery

S&P Global Ratings upgraded the debt ratings of Samsonite International S.A. to reflect the company’s sales recovery in fiscal 2022 and the expectation of continued global travel recovery supporting further performance improvement through 2023.