SGB Update Outdoor
Protest Sportswear Inks NA Distribution Deal with Momentum Distribution
With Momentum Distribution’s over 25 years of experience, Protest Sportswear noted that the company had played a key role in the success of Vans, Arena and Descente.
Report: Textile Mills Lead List of Declining Manufacturing Operations in August
The U.S. manufacturing sector’s economic activity contracted in August for the fifth consecutive month and the 21st time in the last 22 months as demand continued to be weak, output declined and inputs stayed accommodative.
AAFES to Offer Outdoor Gear from Bass Pro Shops on Exchange Website
Bass Pro Shops signed an agreement with the Army & Air Force Exchange Service and the DOD’s largest retailer to bring a selection of Bass Pro fishing, hunting and camping gear as well as apparel to the military’s ShopMyExchange.com.
REI Co-op Expands Cameron Janes Role in COO Promotion
In his expanded role, Janes’s responsibilities include fulfillment and logistics and leading REI’s experiences division, which provides adventure travel, day tours, and classes.
Under Armour Divests MapMyFitness to Outside Interactive, Inc.
The fitness tracking app business re-joins one of its Co-founders, Robin Thurston, the CEO of Outside Interactive, Inc.
IPD International Taps Chris Kypriotis as Partner; Will Transition to CEO
The emerging surf and action sports company said the transition to CEO is set for 2025. The company said Kypriotis brings over 30 years of experience in the action sports and surf industry to the role.
Barclays Names New Global Head of Retail within Investment Banking
Cathy Leonhardt has been appointed global head of Retail within Investment Banking. She is based in New York, reporting to Lowell Strug, global head of the Consumer and Retail Grou
NSGA Announces 2025 Sporting Goods Industry Hall of Fame Honorees
John Cardinal, Cardinal’s Sporting Goods; Chris Considine, Wilson Sporting Goods; and E.J. “Ned” Hamilton, Peter Glenn Ski & Sports will join 185 retailers, team dealers, manufacturers, and industry influencers who have received the NSGA award in the past since the organization founded it in 1955.
Academy Sports + Outdoors Opening Nine Stores This Fall
Academy has opened three of the new stores this year and plans to open 15-to-17 more in fiscal year 2024.
That’s a Wrap. What Was the Most Read News This Summer?
From the long Independence Day holiday weekend to the just-completed Labor Day weekend that signaled the end of another summer, SGB Media readers focused on reading about a wide variety of issues and opportunities that affected their businesses each day.
SGB Media Closed for Labor Day Holiday
SGB Media will not publish the SGB Evening Newsletter on Friday, August 30, and the SGB Morning and Evening Newsletters on Monday, September 2. SGB Media will return to the office and resume newsletter publication on Tuesday, September 3.
Whyte Bikes Renews Distributor Deal for Germany and Austria
UK-Based Whyte bikes has renewed its partnership with Hawk Bike Sales GmbH, the distributor of bike brands in the German and Austrian markets.
MasterCraft Closes Brutal Fiscal Year for Boats; Sees Continued Decline in 2025
Looking ahead, the company expects consolidated net sales to be between $265 million and $300 million, with Adjusted EBITDA between $15 million and $26 million, and Adjusted earnings per share of between 36 cents and 87 cents.
Duluth Trading Returns to Top-Line Growth in Q2 Despite Store Decline
Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
