SGB Update Outdoor

NRF Urges House And Senate To Give Final Approval To Tax Reform

The National Retail Federation urged the House and Senate to approve a final version of tax reform legislation set for a vote today, saying the measure will boost the nation’s economy and make the United States more competitive in the global economy.

Bridgedale Donates More Than 5,000 Socks To Homeless

Bridgedale Outdoor Ltd, the producer of performance socks, has donated 5,300 Merino Hiker socks to the nonprofit organization Knock Knock, Give a Sock (KKGS). The socks will be distributed to thousands of people in the New York City area who are affected by homelessness throughout this winter season.

Cherokee’s CFO Plans To Resign

Cherokee Global Brands announced the resignation of Jason Boling as chief financial officer effective January 31, 2018, and the appointment of Steven Brink.

Report: Ibex May Have Buyer

Liz Robert, former chief executive of Vermont Teddy Bear, and Vermont Works, a private equity firm, are exploring making a bid to acquire Ibex Outdoor Clothing, according to a report in Valley News.

Arc’teryx To Open Store In Calgary

Arc’teryx, the Canadian outdoor apparel brand, plans to open a store in on 17th Ave. S.W. in Calgary in spring 2018, according to a report on retail-insider.com.

Sports Direct’s U.S. Operations Post Loss On Charges

Sports Direct reported underlying EBITDA in its US Retail segment, including Eastern Mountain Sports and Bob’s Stores, was a loss of £23.0 million in the first half ended October 29 on sales of £63.9 million.

Sporting Goods Stores Sales Rebound in November

Retail sales in November increased 0.9 percent over October on a seasonally adjusted basis and were up 6 percent year-over-year unadjusted, according to calculations released by the National Retail Federation.

REI Co-op Names Three New Executive Leaders

REI announced three recent hires to lead its teams in legal, information technology and REI Co-op Brands: Wilma Wallace, Christine Putur and Chris Speyer.