SGB Update Outdoor

Perfect Moment Prelim Fiscal Q4 Results Show Small Sales Increase

Revenue for the full year declined 12 percent, reportedly due in part to one of the company’s largest wholesale customers, Matches Fashion, filing for bankruptcy. Alongside increased investment in leadership, infrastructure, and brand positioning, this had an adverse impact on operating results.

Dôen Secures Equity Investment

The company currently operates seven brick-and-mortar stores, including recent openings in Marin, CA and Nantucket, MA. Retail sales, in aggregate, are reported to have “grown 80 percent year-over-year, while comp store sales are up 46 percent, with 65 percent growth at its Bleecker Street store in New York City.”

Study Highlights Opportunities for Brands Supporting Women’s Sports

A new study by women’s sports agency Parity finds that 68 percent of U.S. sports fans trust that female athletes believe in the products they are promoting. Of the respondents, 43 percent of female sports fans and 67 percent of those who frequently watch female sports said that a brand’s partnership with a female athlete makes them more likely to make a purchase.

Amazon Extends Prime Day to Four Days

Amazon’s annual Prime Day sales event is scheduled for July 8-11, expanding to four days from two days compared to last year. The first Prime Day event began in 2015 with the goal of increasing Prime membership.

OrthoLite Subsidiary Cirql Expands European Presence Through Frasson Partnership

Under the agreement, Frasson is now Cirql’s certified official partner in the EU for the development and production of technical shoe components. Frasson will serve as a key supplier and approved EU development partner, manufacturer and OEM for Cirql, a subsidiary of OrthoLite, sub midsoles and outsoles.

Survey: Retailers Passing Along 51 Percent of Tariff Costs

A survey of  500 U.S. e-commerce executives found that 76 percent had increased the price of goods to mitigate the cost of the new and expected tariffs. On average, retailers are passing along 51 percent of the cost of President Trump’s import taxes on to consumers.

Strava Nets $2.2 Billion Valuation in Funding Round

The funding follows the acquisitions earlier this year of AI-driven training apps Runna and The Breakaway, as well as the continued growth of the platform, which now has over 150 million reported global users.

Roots Sees Sales Climb 6 Percent in Q1

The Toronto-based retailer slightly narrowed its loss in the first quarter ended May 3 as sales grew 6.7 percent, marking the third consecutive quarter of growth. Founded in 1973, the retailer is known for its apparel, leather goods, footwear, and home furnishings.