SGB Update

Riddell Kicks Off Fourth Annual Smarter Football Program

Riddell on Tuesday announced the launch of the company’s annual Smarter Football initiative. Special for the fourth season of the program, Riddell and brand ambassador and strategic advisor Peyton Manning teamed up to unveil ’18 in 18′, inviting teams to apply for 18 total equipment grants–increasing the amount from previous years’ 10.

Rawlings Sold To Seidler Equity And MLB For $395 Million

Newell Brands Inc. announced that the company has signed a definitive agreement to sell Rawlings Sporting Goods Company Inc. to a fund managed by Seidler Equity Partners (SEP), a private investment firm based in Marina del Rey, CA. Major League Baseball will co-invest with SEP.

Firearms Background Checks Fall In May

The May 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 904,834 is a decrease of 8.5 percent compared to the May 2017 figure.

G-III Apparel Sees Double-Digit Growth In Q1

G-III Apparel Group, Ltd. reported sales for the first quarter ended April 30 increased 16 percent to a first quarter record of $611.7 million compared to $529.0 million in the year-ago period. Profits came well ahead of Wall Street’s targets and guidance was raised for the year.

Genesco Posts Q1 Loss As Lids Struggles

Genesco Inc. reported a loss in the first quarter, but results were a penny better than analyst’s consensus estimates and the company reiterated guidance for the year. Journeys saw “significantly” improved profitability as comps rose 6 percent. Lids’ comps dropped 7 percent but showed improvement over versus the fourth quarter.

Feller Appoints Ted Irwin As National Sales Director

Apparel maker Feller has appointed Ted Irwin as national sales director. Irwin has a range of experience growing and servicing retail account bases, boosting brand equity and helping retailers earn healthy margins. He formerly worked for K2, Victorinox, Bed:Stu, Keen and Arc’teryx over several decades in key territories, primarily sales.