SGB Update

RumbleOn’s Sales Slide 20 Percent In First Quarter

The U.S. online marketplace and powersports retailer, known for its Ridenow Powersports dealerships, reported revenues dropped 20.5 percent to $244.7 million in the first quarter ended March 31, driven by sharp declines in both its powersports and vehicle transportation services segments.

Steven Madden Posts Flat Q1 Sales, Withdraws FY Guidance

The on-trend footwear and accessories brand reported that profits on an adjusted basis fell 9.8 percent in the first quarter, ended March 31, on flat sales. Earnings “significantly exceeded expectations,” but the company noted that it faces “meaningful near-term headwinds and heightened uncertainty” due to tariffs and withdrew its outlook for the year.

Kane Footwear Names Chief Marketing Officer

Mark Tarnuzzer will be key in shaping the designer and manufacturer of active recovery footwear’s strategy, marketing activations, partnerships, and optimizing e-commerce performance.

9Round Kickboxing Fitness Names President

Drew Stauffacher was promoted from VP of Operations to president. He has worked for the franchise brand for 13 years. Shannon Hudson, founder and CEO of Striking Brands, the parent company, will shift his focus to overseeing the management of the company’s brand portfolio.

Reebok Appoints New Head of Basketball

Reebok has named Jide Osifeso, founder of the contemporary menswear label Hymne, as its new head of basketball. Reebok re-entered the basketball category following its acquisition by Authentic Brands Group in 2022.