SGB Update

Revved Industries Names President And CEO

Revved Industries, a provider of thermoplastic carbon technology to the bike industry, named Rob Wesson as president and chief executive officer.

Saks.com Raises More Capital

Saks.com announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.

Rally House Opens Two Stores

Rally House opened its first store in the Columbus, OH market and another in the St. Louis area.

Dick’s House of Sport To Open In Upstate New York

Dick’s Sporting Goods plans to open a Dick’s House of Sport location at the Oakdale Mall in Johnson City, NY. The 140,000-square-foot location is expected to be the retailer’s largest. 

EXEC: Athleta’s Sales Slump On Athleisure Softness

Athleta’s same-store sales slumped 8 percent in the second quarter due to a demand shift from athleisure to occasion and work-based categories as well as some fashion miscues on spring/summer product. On an analysts’ call, Bobby Martin, interim CEO of Athleta’s parent, Gap Inc., remained confident Athleta would return to its mid-teens growth target.

KOA Reports 25M Households Plan To Camp Over Labor Day Holiday

The Kampgrounds of America (KOA) Monthly Research Report, August Edition, indicates that just over 25 million households plan to camp over the Labor Day Holiday. Continuing the camping demand, KOA’s annual North American Camping Report, released in April, forecasted a strong shoulder season.

Flojos Hires National Sales Manager

Flojos, the manufacturer of sandals, hired Ryan Whitcomb as the national sales manager. Whitcomb has eleven years of sales management experience, most recently with Electric Eyewear.