SGB Update

FESI Responds to European Parliament Proposal on Sustainable Product Regulation

The Federation of European Sporting Goods Industry said this week that it commends the Parliament’s efforts in recognizing the trade-offs involved in establishing eco-design requirements, a crucial step toward advancing sustainability and environmental responsibility within the sporting goods industry.

Howie’s Hockey Tape Expanding in West Michigan

Howie’s Hockey Tape, the maker of hockey accessories based in Grand Rapids, MI, is expanding to Gaines Charter Township.The company is moving out of its warehousing and distribution facility in Kentwood and building a new facility at 6658 East Paris Drive in Caledonia to include office and warehouse space.

British Sneaker Brand Arne Expands to U.S.

Arne, the sneaker and casual apparel brand based in the U.K., announced its expansion into the U.S. market. Plans include flagship stores in New York and Los Angeles and pop-up shops in to-be-announced locations.

Rapala VMC Corp. Increases Stake In 13 Fishing

Rapala VMC Corp. and James Coble, the majority shareholder of DQC International, which manufactures and markets 13 Fishing rods and reels, reached an agreement whereby Rapala VMC will increase its ownership of DQC International to 60 percent of the Florida-based company. At the same time, Coble will retain a 40 percent share of the company.

NRF: Back-To-School Shopping Expected to Reach Record Levels

Back-to-school spending is expected to climb 12.4 percent while back-to-college shopping will increase about 27 percent this year as both tiers reach recording spending levels, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

Quality Bicycle Products Cuts U.S. Work Force

In response to an over-inventoried supply chain that continues to pressure the bike industry, Quality Bicycle Products reported that it reduced its U.S. workforce by 5 percent on July 12. The workforce reduction reportedly affected multiple departments.

Dr. Martens Sees EMEA and APAC Offsetting Americas Declines This Year

Dr. Martens plc said sales since the start of its fiscal year ended March 31, 2024, are in line with plan, with strength in the EMEA and APAC regions offsetting declines in the Americas. The footwear brand forecasted “meaningful improvement” in its DTC revenue in the Americas region in the fiscal second half.