SGB Update

Brunswick Corp. Warns on IT Security Event Impact on Q2, Full Year EPS

Brunswick Corp. said the preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June. Full-year Adjusted EPS expectations are estimated at approximately $9.50 per share.

Aspen One Names CEO

Aspen One, the newly-named parent of the Aspen Skiing Company, Aspen Hospitality and ASPENX, hired David Tanner as CEO. Previously, Tanner was the CEO of Boardriders, Inc. and a partner at Oaktree Capital Management.

Retail Sales Up Again in June Despite Slower Job Growth

The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.

Dutch E-Bike Maker VanMoof Declared Bankrupt

Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.

Pvolve Awards 19 New Franchise Studios

Pvolve awarded nine new franchise locations, bringing the total number awarded and open, or in development, to 19 across the U.S. and Canada.

General RV Center Adds First North Carolina Dealership

General RV Center plans to open a location in Salisbury, its first in North Carolina and 16th overall. The location is expected to open in fall 2024 and will be located approximately 40 miles north of Charlotte in Rowan County, NC.

Academy Is Opening Two More Stores In Central Texas In F23

Academy Sports and Outdoors, Inc. reported it will open two new stores in Central Texas this fall in Brenham and Kyle, respectively and is on track to open 13-to-15 stores in 2023, with the goal of opening 120-to-140 new stores by the end of 2027.

Hotter Shoes Parent to Appoint Administrators to Sell Operating Subsidiary

Unbound Group, the parent company of British footwear retailer Hotter Shoes, suspended trading of its shares on the London Stock Exchange and appointed administrators for its primary operating subsidiary, Beaconsfield Footwear, Ltd., after failing to find a buyer or to raise capital to restructure the business.

Nation’s Capital Region Leads Fittest Cities in 2023

Arlington, VA and Washington, D.C., are ranked as the top two cities, respectively, in the 16th annual ACSM American Fitness Index rankings report published by the American College of Sports Medicine and the Elevance Health Foundation.

Davidson’s Names Director of Merchandising

Davidson’s, the firearms, ammunition, optics, and accessories wholesaler, welcomed Ronald Dan as its director of merchandising. His most recent position was with Trailblazer Firearms where he served as president.