SGB Update

Skechers Announces Reportable Segment Change

Skechers U.S.A., Inc. announced that it has changed its segment reporting, as the company refined the way it views its business operations and decision-making. Effective the first quarter of 2022, the company will present segment results as Wholesale and Direct-to-Consumer.

RECALL: SI Tech Diving Inflation Valves

About 1,670 Shell Diving Inflation Valves with Int’l Nipples manufactured by SI Tech, of Sweden, are being recalled. Ocean Equipment, of Canada, was the distributor.

REI Increases Investment In Run Category

REI is piloting new store layouts and deepening staff training to support its running departments as part of a bigger investment in the running category.

Anta Sports Sees High-Teens Q1 Growth For Anta Brand

Anta Sports reported retail sales of Anta branded products recorded high-teens positive growth in the first quarter compared to the same period in 2021 while Fila’s retail sales saw mid-single-digit positive growth.

Peloton Raises Monthly Subscription Fee For First Time

Peloton is hiking the monthly fee for its on-demand fitness content for the first time in its eight years in existence in North America while reducing prices across its Bike, Bike+ and Tread products.

March Retail Sales Grew Despite Higher Inflation

Retail sales grew in March even as inflation edged higher, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in March were up 0.5 percent seasonally adjusted from February and up 6.9 percent year over year.

FDRA Study: Inflation Impacting Footwear Sales

FDRA’s 2022 national spring shoe shopper survey, found 44 percent of consumers are putting off purchases on all goods is their strategy in this high inflation environment.

Hammerhead Promotes Vice President Of Product

Hammerhead, the Karoo 2 cycling computer maker, promoted Jessica Braun to vice president of product. In her new role, she will lead its software and hardware teams.

BN3TH Recruits Senior Director, Design And Development

Men’s underwear brand BN3TH hired Drew William as senior director of design and development. William has more than 20 years of design experience in the outdoor industry, most recently at RYU Apparel.