SGB Update

Consumer Sentiment Inches Up in July; Low Levels of Optimism Persist

The University of Michigan’s preliminary index of consumer sentiment edged up to 61.8 in July from 60.7 in June; however, consumer sentiment has declined by 6.9 percent (4.6 points) compared to the same time last year and is down 16 percent from December.

Foot Locker and Dick’s Sporting Goods Extend Antitrust Review Period for Merger

Foot Locker Inc. announced in a regulatory filing that Dick’s Sporting Goods, Inc. has voluntarily withdrawn its pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act as part of its plans to acquire Foot Locker. The withdrawal, made on July 23, is intended to provide the Federal Trade Commission with additional time to review the proposed transaction.

REI Sets Opening for Durango, Colorado Store

The 22,000-square-foot space will be the retail chain’s 11th store in Colorado. The store will open on July 25 for a soft opening, with an official opening on August 22.

Grassroots Outdoor Alliance Elects New Board Members

New board members and officers were elected at the Spring Grassroots Connect show in Reno last month to serve in 2026. The organization also announced new locations in Oklahoma City, OK, and Omaha, NE, for its twice annual Connect buying show, set to start in Spring 2027.

Conquer Padel Inks First Official Padel Franchise Deal in the U.S.

The franchise agreement with the Baker family, who previously operated 24 Planet Fitness locations across the Midwest, includes plans to open 50 Conquer Padel clubs nationwide. The first four locations are slated for the Northeast, with site selection underway by Conquer Padel’s real estate team.

Christensen Arms Appoints President

Matt Fleming most recently served as president and CEO of MidwayUSA. Under his leadership, Christensen Arms is expected to strengthen its brand, elevate its dealer programs and continue to drive innovation in firearm manufacturing.

Astral Expands U.S. Regional Indie Sales Team

“As Astral continues to expand into the broader outdoor market, it becomes more and more crucial to invest in the strength and reach of our on-the-ground sales team,” —Christian Mason, Director, B2B Sales, Astral

ICSC’s Survey Finds Back-To-School Shoppers Seeking Promotions

The 2025 ICSC Back-to-School Consumer Survey found that nine in ten respondents said promotions influence their purchases throughout the season, with 46 percent stating they plan their shopping around specific promotional events, such as Target Circle Week, Amazon Prime Day, Walmart Deals, or Labor Day sales.

Gymshark Opens Store in Manchester, England

The company opened a store in Manchester, marking its first standalone UK store outside of London. The activewear brand now has five stores with plans to open a store in New York City later this year.