SGB Update

PACT Apparel Closes Second Round Of Funding

Wear Pact LLC (PACT), a Boulder, CO-based ethical and organic apparel basics brand, announced that the company has closed the second round of equity financing with Revelry Brands LLC.

Lululemon Names Patrick Guido Chief Financial Officer

Most recently, Guido served as treasurer and vice president of corporate development at VF Corp., managing capital allocation strategies, mitigating global financial risk, and executing on multiple strategic initiatives for the company.

RECALL: Look Pivot Ski Bindings

About 6,900 Look Pivot ski bindings from Rossignol are being recalled. The heel piece on the ski binding can come loose, posing a fall hazard to the skier.

Big Day For Americans At Boston Marathon

Desiree Linden, who trains for the Hansons-Brooks Original Distance Project, became the first American woman to win Boston since 1985. She joined a number of American women and men finishing among the top ten in the race.

Nike’s Head Of Diversity Exits

Antoine Andrews, Nike’s VP, diversity and inclusion, has left the company, according to Bloomberg. His exit comes after allegations of inappropriate workplace behavior led to changes in March in Nike’s executive ranks.

March Retail Sales Increased 5 Percent Over Last Year

March retail sales increased 0.3 percent seasonally adjusted over February and 5 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 0.9 percent year-over-year and down 1.8 percent from February seasonally adjusted.

ACT Lab Adds Phil Bash To Global Sales Team

ACT Lab, the independent, third-party accredited laboratory that conducts safety and compliance testing for the bike and outdoor industries, has announced the addition of Phil Bash to the lab’s global sales team, effective immediately.

Salewa North America Appoints Sales And Marketing Director

Salewa North America, which operates the Dynafit, Salewa, Wild Country and Pomoca brands in the United States and Canada, announced a transition in the company’s North American leadership. Dave Drulard was appointed as the new sales and marketing director of Salewa North America.