SGB Update

Dexter Acquires HiSpec Wheel And Tire

DexKo Global, Inc. announced that its wholly-owned subsidiary, Dexter Axle Company, acquired HiSpec Wheel & Tire, Inc., located in Mishawaka, IN.

SureWerx Acquires Footwear Specialties International

SureWerx, a manufacturer of safety, tool and equipment products, announced that it has acquired Footwear Specialties International (FSI), a maker of safety footwear based in Portland, OR. Terms of the acquisition were not disclosed.

Fila Group’s Sales Expand 8 Percent In Fourth Quarter

Korea-based Fila Group reported sales grew 7.9 percent in the fourth quarter and 21.3 percent in the full year. At Fila USA, sales were down 8.7 percent in the fourth quarter but grew 11.5 percent for 2021.

Canada Goose Accelerates Expansion Of Japanese Market

Canada Goose Holdings Inc. and longstanding partner Sazaby League Ltd. have entered into an agreement to create the joint venture Canada Goose Japan, with plans to accelerate DTC expansion, including retail stores.

Nike’s Q3 Tops Wall Street’s Targets On Digital Momentum

Nike, Inc. reported earnings topped Wall Street’s targets by 15 cents in the fiscal third quarter ended February 28 with sales also slightly ahead of estimates. Sales grew 8 percent on a currency-neutral basis, led by a 17 percent gain in DTC and a 22 percent gain in digital. Double-digit digital growth in North America, APLA and EMEA offset declines in Greater China.

Nosler Retains Canadian Distribution

Nosler, Inc. the manufacturer of bullets, ammunition, cartridge cases, firearms, and suppressors, announced that it has hired Northern Exposure Sporting Group to provide sales representation and merchandising support in Canada. 

Foot Locker Hires President, Global Brands

Foot Locker Inc. announced it hired Samantha Lomow as president, Global Brands. Lomow joins the company from Hasbro, Inc., where she was president, Branded Entertainment.