SGB Update

Intradeco Acquires Headsweats

Intradeco, a global vertical-manufacturing company in the textile industry, has acquired Headsweats, a leader in performance headwear.

NRF: BTS And College Spending To Reach $82.8 Billion

Total spending for K-12 schools and college combined is projected to reach $82.8 billion, nearly as high as last year’s $83.6 billion, according to the annual survey released by the National Retail Federation and Prosper Insights and Analytics.

June Retail Sales Up 4.2 Percent Over 2017

June retail sales were up 0.07 percent seasonally adjusted from May’s strong performance and increased 4.2 percent unadjusted year-over-year as economic growth continued despite the U.S. trade war with China and other countries, the National Retail Federation said Monday. The numbers exclude automobiles, gasoline stations and restaurants.

Randa Responds to Perry Ellis’ Preliminary Proxy Statement

Randa Accessories announced that the company has submitted a letter to the special committee of the board of directors of Perry Ellis International Inc. to clarify a number of statements made in the preliminary proxy statement filed by Perry Ellis on July 11.

Unifi Ends Joint Venture Negotiations In Guatemala

Unifi Inc. announced that a definitive agreement could not be reached with the owners of Complast S.A. (operating under the brand name EuroPET) and Technologia Textil Avanzada (operating under the brand name EuroFIL) to form a joint venture in Guatemala.

OIA: Bikes, Backpacks And Gloves Could Face 10 Percent Tariff

Wrote Rich Harper, manager of international trade at OIA, in a note to members, “Backpacks, sports bags, bikes and gloves – essential gear for many outdoor activities–already face import tariffs as high as 20 percent. Additional tariffs will only raise costs for outdoor companies and consumers and threaten the growth of the outdoor recreation economy that supports 7.6 million American jobs.”

IHRSA Urges Support For PHIT Bill Passage

H.R. 6312, a modified version of PHIT, removes exercise videos and exercise equipment from the definition of medical care but is better positioned to move onto to the next stage of the legislative process.

Accell Group Fully Acquires Velosophy

Accell Group announced that the company has increased the company’s minority stake in Velosophy B.V. to 100 percent. Dutch company Velosophy is a fast-growing player in e-cargo bike solutions for consumers and the business market.

Reasonworx Makes Key Hires

Reasonworx, the fast-growing, business and product development firm based in Salt Lake City, announced additions to the company’s collective talent pool.