SGB Update

Adobe: Amazon Prime Day Drives 30.3 percent Rise in U.S. Online Spending

The Prime Day sale that ran for four days from Tuesday, July 8 to Friday, July 11 helped boost online spending sales across all Uretailers in the U.S. by 30.3 percent to $24.1 billion, according to Adobe, Inc., which tracked the activity, topping its estimate for 28.4 percent growth for the period ending July 11.

Padel Haus Raises $7M In Funding Round

The Brooklyn-based padel club operator, has raised $7 million in a Series B funding round to accelerate the company’s expansion. By year’s end, it aims to operate 40 courts and reach 120 courts and more than 20 wholly owned locations by 2027.

Recall: Giant Bicycle’s Momentum Vida E+ E-Bikes

Giant Bicycle has reported in a voluntary recall that the fork steerer tube on the affected bikes could crack, break or separate during use, posing a fall hazard. Giant Bicycles has received four reports of broken fork steerer tubes, with no reported injuries.

Recall: Ozark Trail Water Bottles Sold at Walmart

Walmart said it received three reports of consumers who were injured when struck in the face by a lid forcefully ejected from these bottles upon opening. Two consumers suffered permanent vision loss after being struck in the eye.

Marsh Wear Clothing Opens First Store  

Marsh Wear Clothing has opened its first store in its hometown of Charleston, SC, as the outdoor lifestyle brand celebrates its 15-year anniversary.

Blacktusk Outdoors Acquires Lucky Strike Bait Works

Toronto-based Blacktusk Outdoors has acquired the Lucky Strike fishing lure brand. Plans are underway to reinvest Lucky Strike in product design, expand into new categories and increase reach across North American and international markets.

Nike, Inc. Appoints New Converse CEO

Aaron Cain, a 21-year company veteran, was named the new CEO of Converse. He replaces Jared Carver, who is stepping down after serving as CEO for two years.

MeatEater to Open Store in Wisconsin

MeatEater, the hunt & fish specialty retailer, announced plans to open a store at The Corners of Brookfield in Wisconsin, representing its second store. MeatEater’s flagship store opened in April 2024 near its headquarters in downtown Bozeman, MT.

The Picklr Names Chief Operating Officer

Abby Olson previously served as VP of Field Operations and VP of Training at Crumbl, where she helped scale the company from fewer than 10 locations to over 1,100 across two countries.