SGB Update

Delta Apparel Expects 20 percent Fiscal 2022 Second Quarter Sales Growth

Delta Apparel, Inc. said it expects net sales for its March quarter to be approximately $130 million, representing a 20 percent increase compared to the prior year’s second-quarter result of $108.6 million, with double-digit sales growth in both the Delta Group and Salt Life Group segments.

Firearms Industry Economic Impact Rises 269 Percent Since 2008

The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 375,819, a 126 percent increase in that period, according to a report released by the NSSF.

T&C Surf Names New President

Craig Sugihara, founder and owner of T&C Surf Designs, appointed his son Ryan Sugihara president.

Topgolf To Open In El Segundo

Topgolf Entertainment Group will open its first location in El Segundo, CA on April 15. The location features traditional and non-traditional ways to play golf through the company’s signature three-level venue. The facility also includes an adjacent ten-hole, lighted, par-3 golf course.

Kohl’s Sends Letter to Shareholders Highlighting Strong Board

Kohl’s, which is facing an activist shareholder seeking to overhaul its board, mailed a letter to shareholders detailing how its  “highly qualified Board of Directors that has the necessary skills to oversee Kohl’s evolving strategy.”

Levi Strauss Accelerates East Asia Pacific Growth

Levi Strauss & Co. announced plans to accelerate growth in the East Asia Pacific (EAP) region. Central to the growth strategy is the diversification of the business across geographies, apparel categories and distribution channels.

Camp To Open In Los Angeles

Camp, which describes itself as “Part toy store, part activity destination, and all good vibes,” is opening its first flagship store in Los Angeles. The Century City location will be Camp’s ninth store.

Club Champion Opens Four New Studios

Custom club fitter Club Champion announces the opening of four new fitting studios this month, located in Sanford, FL; Mt. Pleasant, SC; Ann Arbor, MI; and Charlottesville, VA.

Brooks Appoints Chief Running Advisor

Brooks has named the two-time US Olympian Des Linden as its new chief running advisor to further support its innovation efforts. Linden will help the running brand conceive and create new products and technology.

The Leisure Collective Makes Key Finance And Sales Hires

The Leisure Collective (TLC), the eyewear distributor to the surf channel, hired a chief financial officer while adding to its sales team to support key territories in the Northeast and Mid-Atlantic regions.

Mastercard SpendingPulse: U.S. Retail Sales Grow 8.4 percent in March

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, total retail sales, excluding auto, increased 8.4 percent year-over-year (YOY) in March and 18.0 percent compared to pre-pandemic spending (2019), not adjusted for inflation.