SGB Update

Kelty Recognized By The Conservation Alliance

Kelty was awarded The Conservation Alliance’s 2017 Outstanding Partnership Award, presented at Outdoor Retailer Summer Market 2017 for the company’s continued contributions to Conservation Colorado.

West Marine Sees Fatter Margins Offset Lower Q2 Sales

West Marine Inc., which on June 29 agreed to be acquired by a private equity firm, reported basically flat earnings before charges in the second quarter as fewer markdowns offset a small sales decline.

Asics America Group’s First Half Sales Decline 6 Percent

Asics America Group (AAG) said net sales decreased 5.9 percent year over year for AAG in the first half. Asics America saw a decrease in net sales of 11.5 percent year over year. The decline was “largely due to market forces and additional retail partner store closings.”

Walmart Heirs Acquire Rapha

Rapha, the British cycling lifestyle brand, stated that U.S.-based RZC Investments is now the majority shareholder in the business.

Asics Profits Dip In First Half

Asics reported net profit decreased 1.4 percent in the first half despite a profit turnaround in the Americas region. Sales fell 3.3 percent due to declines in Japan, Europe and the Americas.

Rack Room Shoes Promotes Laryssa Grant To Children’s Buyer

After a decade in the women’s buying department, Grant will continue evaluating items that customers will respond to in the category. She will also lead the development and design of all of Rack Room Shoes’ children’s exclusive brands.