SGB Update

REI Domestic Trip Offerings Experience Robust Growth

REI Co-op announced that its adventure trips have expanded to include domestic multiday excursions, guided day tours, rentals, and adventure center locations, and its experience offerings grew more than 60 percent in the last 12 months.

AGM Hires Director Of Marketing

AGM Global Vision, a manufacturer of advanced thermal imaging and night vision systems for hunting, announced it hired Randy Carothers as its marketing director.

Culture Kings U.S. Appoints President

A.K.A. Brands Holding Corp. announced the appointment of Jonathan Yuska as president of its Culture Kings’ U.S. division, reporting to Simon Beard, CEO and co-founder, to its expansion in the United States.

Deckers Brands Appoints Chief Supply Chain Officer, COO To Exit

Deckers Brands announced the promotion of Angela Ogbechie to the newly created chief supply chain officer role. Ogbechie’s promotion follows David Lafitte’s decision to step down as chief operating officer to accept another opportunity.

Hydrow Partners With USA Triathlon

USA Triathlon said Hydrow, the at-home connected rower, has become the organization’s Official Connected Rowing Equipment and Rowing Training Partner through 2025.

TRX Files For Bankruptcy, Pursues Sale

TRX, the maker of functional training products and training content, has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division in order to pursue a sale.

Payntr Golf Expands Internationally

Payntr Golf, the golf footwear brand based in Portland, OR, has established new distribution partners in markets outside of the U.S. and U.K., including Europe, Asia, and South Africa, among others, under the umbrella company of Payntr Golf Global.

PXG Opens First Retail Store In Colorado

PXG officially opened its first brick-and-mortar location in Denver, its first store in Colorado. The maker of golf equipment and apparel said it plans to end 2022 with 24 locations in the U.S.

Rising Racquet Prices Help Tennis Sustain Momentum

Total wholesale racquet unit sales into the US market* grew by over 11 percent in the first three months of the year compared to Q1 2021, according to a report from Sports Marketing Surveys. This marks the largest Q1 total since 2010.

Aqualung Group Appoints Chairman

Aqualung Group, the manufacturer of dive and water sports gear, said Bruno Cercley will take over as chairman of its supervisory board, effective July 1. Cercley guided the turnaround of Rossignol as its CEO from 2008 until his retirement in 2021.

Stitch Fix To Layoff Employees

Stitch Fix said it plans to reduce its workforce by approximately 15 percent of salaried positions while reporting an 8 percent decline in third quarter ended April 30.