SGB Update Outdoor
Pure Hockey Continues Retail Expansion in Washington with New Seattle Store
The Seattle store, located at 401 NE Northgate Way, will host a grand opening on Saturday, July 12, 2025. The store is Pure Hockey’s third in the state, in addition to Tukwila and Lynnwood, WA.
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.
Solo Brands Restructures Debt, Removes “Interim” from John Larson’s CEO Title
The parent of the Solo Stove, Chubbies, Isle and Oru brands reallocated and restructured its debt under a JPMorgan Chase Bank Credit Agreement to provide a revolving credit facility; a new term loan facility; and the pay-down of revolving loans and existing term loans outstanding as of June 13, 2025.
U.S. Consumer Sentiment Jumps as Inflation Expectations Improve
Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and tariff concerns lessen.
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.
CNBC/NRF Retail Monitor Notes Robust Sporting Goods Sector Continued into May
Growth in the Clothing, Footwear and Accessories store sector decelerated from the April trend. The category that includes Sporting Goods stores was up 8.2 percent y/y unadjusted in May after a robust 9.2 percent y/y gain in March.
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.
Grassroots Outdoor Alliance Names Top Retailer Members and Vendor Partners for 2025
The retailer-owned network of 105 independent outdoor retailers and 67 vendor partners, working together to grow the specialty outdoor retail network, named Trail Creek Outfitters Retailer of the Year and Patagonia Vendor of the Year for 2025.
Dick’s SG Joins Top 50 Most Patriotic Brands for First Time; New Balance Falls in Rankings
Nike, Wilson Sporting Goods, LL Bean, Gatorade, New Balance, Converse, and Dick’s Sporting Goods all earned spots on Brand Keys 24th Annual Most Patriotic Brands survey of the Top 50 U.S.-based brands that embody the value “patriotism.” The NFL, NBA and MLB also made the list. Dick’s made the list for the first time.
FFWD Wheels Broadens Founding Family Presence with New Global Sales Manager
Jurre Schipper is the son of company founder Henk Schipper and brother of FFWD General Manager Idsart Schipper. He will focus on strengthening relationships with dealers, distributors and partners worldwide.
Target Increases Quarterly Dividend
Target Corp. declared a quarterly dividend of $1.14 per common share, a 1.8 percent increase from the prior quarterly dividend of $1.12.
NFIB: Small Business Optimism Rises For First Time This Year
A gauge of sentiment among small businesses, rose to 98.8 in May from 95.8 in April, bringing the Index back above its long-term average, represented by a reading of 98. The increase ends a four-month streak of weakening sentiment.
Duluth Holdings Undergoes Layoffs
As part of its expense savings initiatives to rightsize the business, the retailer reduced its workforce by 51 employees, or 3 percent of its total workforce, on June 4.
Authentic Brands Group Establishes APAC Headquarters in Shanghai
The Shanghai HQ will support Authentic’s growing brand portfolio, including Reebok, Champion, Quiksilver, Billabong, and Sperry, as well as its network of partners across the Greater China region and APAC market.
