SGB Update

Delta Apparel Expects Q3 Sales Growth Of Approximately 6 Percent

Delta Apparel, Inc. said it expects net sales for its 2022 fiscal third quarter ended July 2 to be approximately $126 million, a 6 percent increase compared to the prior-year third-quarter net sales of $118.7 million and mid-single-digit growth when compared to the pre-pandemic fiscal 2019 third-quarter net sales.

Peloton To Exit Manufacturing Operations

Peloton Interactive said on Tuesday that it would cease in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The New York-based company will expand its relationship with Taiwanese manufacturer Rexon Industrial Corp., which will become the primary hardware manufacturer for its bike and tread product lines.

Outdoor Cap Hires Head Of Technology

Outdoor Cap, the headwear manufacturer, has hired Jermaine Oldham as head of technology for its Retail, Team Sports and Promotional Products businesses.

Designer Brands To License Le Tigre Footwear

Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.

Puma Files Trademark Infringement Suit Against Brooks

Puma SE has sued Brooks Sports in Indianapolis federal court, charging that Brooks alleged advertising for sneakers with nitrogen-infused soles violates Puma’s “Nitro” trademark rights, according to Reuters.

Gap CEO To Step Down

Gap Inc. announced that president and chief executive officer Sonia Syngal will step down from her position and from the company’s Board, departing the company following a brief transition. The company also announced that Horacio “Haio” Barbeito, formerly at Walmart, will join the Gap Inc. as president and chief executive officer of Old Navy.

USA Pickleball Appoints Chief Marketing Officer

USA Pickleball, the national governing body for pickleball in the United States, announced that Chuck Menke was named chief marketing officer. Menke formerly led marketing for Sparking Life and USA Triathlon.

Vail Resorts CFO To Step Down

Vail Resorts, Inc. announced that executive vice president and CFO, Michael Barkin is stepping down after nearly a decade in the role for personal reasons.