SGB Update

Salt Life Opens 21st Location

Delta Apparel, Inc. announced it opened a new retail store for its Salt Life brand in Jupiter, FL, marking the brand’s 12th retail location in the state and 21st overall.

DPS Skis Strengthens Product And Marketing Teams With New Hires

DPS Skis has hired Stu Gleason as ski and process engineer and Zach Clayton as global marketing manager to support its product and marketing departments. Harry Brown was added as dealer services manager and Bridger Royce as dealer services coordinator.

Pou Sheng Appoints New Chairman

Pou Sheng International, Ltd. said Lee Shao-Wu has resigned from the company, including as chairman and executive director. Yu Huan-Chang, its current CFO, replaced him.

New Wave Acquires BTC Activewear

Stockholm-based New Wave Group has acquired 100 percent of the UK promotional, corporate and teamwear apparel company BTC Activewear Limited shares. The purchase of the shares is £33 million on a cash and debt-free basis and a cash transaction.

Sportsman’s Warehouse’s Q2 Comps Drop 9.4 Percent

Sportsman’s Warehouse Holdings Inc. reported earnings declined 22.5 percent on an adjusted basis in the second quarter as sales retreated 9.4 percent. Results exceeded the high end of guidance.

Tilly’s Blames Inflation On Q2 Miss

Tilly’s, Inc. reported earnings and sales missed company guidance in the second quarter. Sales were down 17 percent against record year-ago revenues.

Lululemon Hikes Outlook As Q2 Comps Jump 23 Percent

Lululemon Athletica, Inc. raised its outlook as sales and earnings in the second quarter easily topped the company’s guidance. Lululemon’s earnings on an adjusted basis grew 33 percent as a comp gain of 23 percent offset gross margin pressures.

Clarus Issues Statement On Recent Stock Volatility

Clarus Corporation released a statement acknowledging the recent market volatility in the trading of shares of its common stock and related derivatives as well as the unauthorized purchases of common stock by Parallax Volatility Advisers.

ABC Fitness Solutions Completes Acquisition Of Glofox

ABC Fitness Solutions (ABC), a provider of software and related services for fitness chains, completed its acquisition of Glofox, a business unit servicing the boutique gym and studio sector within ABC.

Rapala Warns Of Profit Drop As Fishing Market Softens

Rapala VMC Corp., the manufacturer of fishing lures and other fishing-related products based in Helsinki, updated its full outlook for the year and now expects operating profits to decline “significantly below” previous year levels.