SGB Update

Imports Slowing In Second Half, But 2022 Should See Gain Over 2021

After a record-setting spring, imports are expected to slow down at major U.S. container ports for the remainder of the year, but there will be a net gain over 2021, according to the Monthly Global Port Tracker Report* released by the National Retail Federation and Hackett Associates.

Nautilus Elects Board Chair

Nautilus Inc. announced that current board member Anne Saunders was elected as board chair, effective August 2. The board confirmed the Saunders appointment after its Annual Shareholders meeting last Tuesday. 

Emerald Holding’s Q2 Sales Recover

Emerald Holding, Inc., the operator of trade show, reported a loss in the second quarter ended June 30 but sales bounced back as the company was able to hold 29 in-person trade shows, conferences and other events during the quarter.

Beachbody’s Q2 Sales Drop 20 Percent

The Beachbody Company, Inc. reported a net loss in the second quarter as sales declined 20 percent year-over-year. Total subscriptions were down 18 percent year-over-year but ahead 26 percent against the pre-COVID 2019 quarter.

American Outdoor Brands Appoints Independent Director

Bradley T. Favreau was appointed an independent director to American Outdoor Brand, Inc.’s Board of Directors immediately, with his term expiring at the Company’s 2023 Annual Meeting of Stockholders.

Allbirds Slashes Guidance For Year On Softening Consumer Spending

Allbirds reported sales and earnings exceeded guidance in the second quarte,r but the footwear maker reduced its guidance for the year due to weakened consumer trends in the U.S. It also announced a series of Simplification Initiatives focused on automating and expanding its supply chain and streamlining its operating structure.