SGB Update

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.

Unifi Lowers Guidance On Margin Pressures

Unifi Inc. reported third-quarter earnings came in lower-than-expected due to a “challenging global cost environment and softer domestic demand.” Revenues rose 3 percent.

Amer Sports Restates 2017 On Accounting Change

Amer Sports has adopted the new IFRS 15 standard ‘Revenue from Contracts with Customers’ as of January 1, 2018. As a result of the adoption, Amer Sports has restated the 2017 figures by using the full retrospective method.