SGB Update

Helinox To Open North American Office

Helinox, the Korean-based leader in high performance collapsible furniture, has announced plans to launch a U.S.-based subsidiary, Helinox USA. The initiative will be led by industry veterans Sally McCoy and Ted Ganio with McCoy serving as the Executive Chair of the Board and Ganio as CEO.

Patagonia Partners On Regenerative Organic Certification Launch

The Regenerative Organic Alliance, a diverse coalition of organizations and businesses led by Rodale Institute as board chair and spearheaded by Dr. David Bronner and Patagonia in the areas of farming, ranching, soil health, animal welfare, and farmer and worker fairness, announced the unveiling of the Regenerative Organic Certification (ROC), which will officially launch this year at Natural Products Expo West, 2018.

Garmin Selected As Exclusive Marine Electronics Supplier To IBBI

Garmin International, Inc., a unit of Garmin Ltd., announced that is has been selected as the exclusive marine electronics supplier for the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands.

Deckers Outdoor’s CFO To Step Down

Deckers Outdoor Corporation said in a regulatory filing that, after nine years of valuable contributions and dedicated service to the company, Thomas A. George will be stepping down as chief financial officer of the company to pursue other interests.

NRF Calls Steel And Aluminum Tariffs ‘Tax On American Families’

In a statement, NRF President and CEO Matthew Shay, called President Trump’s call for new tariffs on steel and aluminum “a tax on American families. When costs of raw materials like steel and aluminum are artificially driven up, all Americans ultimately foot the bill in the form of higher prices for everything from canned goods to electronics and automobiles.”

 Schutt Sports Extends Partnership With Major League Baseball

Kranos Corporation, dba Schutt Sports, announced a multi-year extension to their agreement as the Official Base Supplier to Major League Baseball. The company manufactures the Jack Corbett Hollywood bases, a version of which has been on the field for every MLB game, including World Series and All-Star Games, since 1939.

Johnson Outdoors Announces 20 Percent Increase In Cash Dividend

Johnson Outdoors Inc. announced approval by its board of directors of a quarterly cash dividend of 12 cents per class A share and $0.1091 per class B share – an 20 percent increase from the previous dividend rate announced on December 8, 2017.

Starboard Issues Letter To Newell Shareholders

Starboard Value LP, the hedge fund, said on Monday it nominated two additional directors to the board of Newell Brands Inc, bringing its total nominees to 12 as the activist investor seeks to replace Newell’s board and CEO.

Foot Locker’s Q4 Comps Slide 3.7 Percent

Foot Locker Inc. reported that earnings, excluding charges and adjustments to a calendar shift, were down 8 percent in the fourth quarter as same-store sales declined 3.7 percent. The sneaker powerhouse warned that conditions would remain challenging in the first quarter but predicted comps would turn positive by the middle of 2018.