SGB Update Outdoor
National Park Trust Announces New Board Chair
Bill Brownell, the longtime chair of the National Park Trust’s Board of Trustees, is stepping down after 16 years. Scott Stone succeeds Brownell.
Specialized Establishes European Innovation Hub
Specialized, the cycling brand based in Morgan Hill, CA, announced that Germany’s Denk Engineering had joined the company, forming the Specialized Freiburg Innovation Center.
GSM Outdoors Acquires SteelShad Lures
GSM Outdoors announced the acquisition of SteelShad Lures. Founded in 2016, SteelShad is known for its bladed bait design.
GSM Outdoors Acquires Buckeye Lures
GSM Outdoors has acquired Buckeye Lures. Originally founded in 2000, Buckeye is known for its Spot Remover jig.
Lululemon Launches In Spain
Lululemon Athletica, Inc. announced plans to open its first two stores and a local e-commerce site in Spain. Spain is a new European market for the brand since 2019.
Sustainable Apparel Coalition Pauses Transparency Program
The Sustainable Apparel Coalition (SAC) has put its consumer-facing transparency program on pause after a report found that some of its tools to be misleading about eco-marketing claims.
LeMond Bicycles Names New CEO
LeMond Bicycles appointed Rick Adams as CEO. He replaces Dean Hendrickson, who will transition to CEO of LeMond Carbon.
OBIT: Bruce Katz
Bruce Katz, the co-founder of Rockport and the founder of Samuel Hubbard Shoe Company, has passed away. He was 75.
PureCycle Appoints New CEO
PureCycle Technologies Inc., the recycling start-up, announced three key leadership changes, effective August 5, 2022.
SportsPursuit Merges With Private Sport Shop
UK-based SportsPursuit, the online discount retailer and part of Baker’s bd-capital portfolio, announced it has merged with France-based Private Sport Shop.
Kohl’s Sale To Franchise Group Is Terminated
Kohl’s terminated acquisition talks with Franchise Group, owner of The Vitamin Shoppe. The company also cut its sales outlook for the second quarter.
Stan’s Fit For Your Feet Acquires Waxberg’s Walk Shoppe
Milwaukee-based Stan’s Fit For Your Feet is expanding into Chicagoland with the purchase of Waxberg’s Walk Shoppe.
L.L. Bean’s New Headquarters To Open Next Spring
L.L.Bean’s $110 million headquarters redevelopment will be completed two years ahead of schedule as the flexible work-from-home culture during the pandemic enabled construction to speed up, according to Mainebiz.com.
Recall: Rio-Branded Swinging Hammock Chairs
About 786,000 RIO-branded swinging hammock chairs from ShelterLogic are being recalled.
NRF Says Economy Is Slowing But Recession Is Unlikely In Near Term
The U.S. economy’s rate of growth is slowing, but consumers remain financially healthy and the nation is unlikely to enter into a recession during the remainder of 2022, National Retail Federation Chief Economist Jack Kleinhenz said.
