SGB Update

361 Degrees Expands Spain Distribution with VC Sport

361 Degrees International reported it tapped VC Sport as its distributor for the 361º brand in Spain. The company will initially distribute the 361º basketball shoes this summer and expand the range to include running and lifestyle categories in 2024.

Camping World Acquires Indiana RV Dealer

Camping World Holdings, Inc. reported that it will acquire Mount Comfort RV in Greenfield, IN. The dealer sells Forest River, Coachmen, Tiffin, Newmar, and Winnebago products.

Gap, Inc. Appoints New Athleta CEO

Gap, Inc. hired Chris Blakeslee as president and CEO of Athleta, effective August 7. Most recently, he was president of sister companies Alo Yoga and Bella+Canvas since 2017.

Report: Adidas Seeing Healthy Demand for Unsold Yeezy Product

Adidas has orders worth more than €508 million ($565 million) for 4 million pairs of unsold Yeezy shoes, exceeding the company’s “most optimistic forecast,” according to a new Financial Times report. Healthy demand for the first batch of online sales could help Adidas avoid a major write-down on its remaining stock. 

Golf Rounds Played Climb in June

Rounds of golf played advanced 5.5 percent in June and are running up the same 5.5 percent for the first six months of 2023, according to Golf Datatech.

True Velocity Acquires Advanced Suppressor Technology Company

True Velocity acquired advanced suppressor technology company Delta P Design, approved by its Board of Directors earlier this month, strengthening its portfolio of American-made advanced, lightweight ammunition technology and next-generation weapon systems.

Duluth Holdings Adds Board Member

Duluth Holdings, Inc., doing business as Duluth Trading Company, announced the appointment of Janet H. Kennedy to its Board of Directors, effective August 23, 2023. Most recently, Kennedy served as VP, North America Regions of Google Cloud at Alphabet, Inc.

RILA Calls Potential UPS Strike “Kryptonite” for Supply Chains

The Retail Industry Leaders Association (RILA) urged a quick resolution of the stalled contract negotiations between UPS and its 340,000 workers represented by the International Brotherhood of Teamsters, describing a potential UPS strike as “kryptonite for supply chains.”