SGB Update

Arkk Copenhagen Secures Funding

Nordic sneaker brand Arkk Copenhagen announced a multi-million-dollar (USD) Series A deal with Copenhagen-based Friheden Invest and North-East Venture.

PacSun Names Alfred Chang President

PacSun announced that Alfred Chang has been named president. Chang was most recently PacSun’s executive vice president of men’s merchandising & design and chief brand officer.

Puma Signs Romelu Lukaku

Puma confirmed that Romelu Lukaku, international football star, has chosen to sign a long-term partnership with Puma Football.

Nite Ize Expands Executive Leadership Team 

Nite Ize named Brenda Isaac vice president of marketing, Jen Bryan, vice president of customer experience, and Dale Karacostas as vice president of innovation.

American Outdoor Brands Q4 Revenues Sink 25 Percent

American Outdoor Brands, the parent of Smith & Wesson reported earnings before special items tumbled 58.2 percent in the fourth quarter ended April 30 on a 24.9 percent drop in revenues. James Debney, CEO, said, in  a statement, “Fiscal 2018 was a year characterized by lower consumer demand for firearms, heightened levels of inventory in the consumer channel, and a host of aggressive, industry-wide promotions.” 

Western Destinations Seeing Strong Summer

Even with the threat of wildfires and a nebulous economic outlook, western mountain destinations are coming off a strong spring and are on pace for yet another record-setting season of lodging performance, according to Inntopia.

Alterra Acquires Solitude Mountain Resort

Alterra Mountain Company entered into an agreement to purchase Solitude Mountain Resort in Utah, which would bring the company’s total to 13 year-round mountain destinations throughout North America, including the world’s largest heli-skiing operation.

Peloton Launches Peloton Digital

Peloton, the in-home cycling studio specialist, announced Peloton Digital, an expanded Peloton iOS app providing even more options for members to work out anytime, anywhere.

BSN Sports Partners with Stack Sports

BSN Sports and Stack Sports, formerly Blue Star Sports, have partnered to develop a digital platform that offers team sales integration across all facets of youth sports from ordering customized team apparel and athletic equipment to on-field participation.