SGB Update

Pura Vida Returns To Growth In First Quarter

Pura Vida recorded its first positive quarterly revenue performance in five quarters, primarily driven by the opening of three stores in its prior fiscal year, according to the quarterly report of its parent, Vera Bradley. The company said Pure Vida will pause store openings this year as it focuses on reviving online growth and expanding with larger wholesale accounts.

Goodsurf To Open First Venue In Dallas

Goodsurf, an entertainment concept that combines surfing and hospitality, owned by Urban Entertainment Concepts, reported it would open its first venue in the first quarter of 2024 in Dallas, TX at 317 S. 2nd Avenue.

Former Footwear Industry Exec Stanley Kravetz Passes Away At 90 Years

The family of long-time footwear industry executive Stanley Irving Kravetz announced his passing on June 8 at the age of 90. Stanley was an executive at Timberland, Rockport, Frye Boot, Geox USA and Thorlo, and served on the Boards of Rocky Shoes and Boots and Clark’s of England.

Sports Inc. Renews Partnership With OrderMyGear

Sports, Inc. renewed its partnership with OrderMyGear. Under the multi-year agreement through 2025, OMG maintains the title of Sports, Inc.’s preferred provider of online team stores and group ordering for members.

Frasers Group Forms Joint Venture To Expand In Indonesia

Frasers Group Asia announced a new joint venture agreement with PT Map Active Indonesia to launch Sports Direct in the country. The retail group said the deal is “the first step in a region-wide expansion” between the two and will see the introduction of Sports Direct’s stores across Indonesia, including both the wholesale and retail components.

Ecovative Raises Over $30 Million

Ecovative Design LLC, the eco-friendly materials company based in Green Island, NY, announced it initially closed on a Series E round of over $30 million.

Vuori To Open Stores In Colorado And Michigan

Vuori reported it plans to open a store at Somerset Collection, the luxury shopping mall in Troy, MI, and a store at the Park Meadows shopping mall in Lone Tree, CO.

Uneekor Revamps Organizational Structure

Uneekor, the maker of golf simulator technologies based in Irvine, CA, announced a restructuring to its organizational setup, including new hires to its leadership team.