SGB Update

Levi Strauss’ Q1 Revenues Climb 22 Percent

Levi Strauss & Co. reported profits on an adjusted basis grew 34.9 percent in the first quarter ended February 27 as sales ran up 22 percent. Both earnings and sales topped Wall Street targets.

Zappos.com Appoints CEO

Zappos.com announced the promotion of Scott Schaefer to CEO effective immediately. Schaefer, a long-tenured leader in the company, has been acting CEO since December 2021.

Ames Watson Leads Funding Round Investment In Margaux

Private equity holding company Ames Watson announced a leading Class B funding round investment in Margaux, a women’s footwear brand. Margaux is the latest in a series of investments and acquisitions for Ames’ growing portfolio of properties which includes Lids, Fanatics Lids College and South Moon Under.

IFit Withdraws IPO Following Postponement In October

According to a filing with the Securities and Exchange Commission on Wednesday, NordicTrack, owner of IFit Health & Fitness, Inc., scrapped its plans for an already-postponed initial public offering

A Cleaner Vision For Footwear Manufacturing With Ortholite’s GM and VP, Ortholite Cirql

— Sponsored content — OrthoLite unveiled a new sustainable midsole innovation in March called Cirql, which is the first EVA plastic-free, recyclable, biodegradable, and industrially compostable foam with an end of life solution. General Manager and Vice President of Cirql, Matt Smith, outlines the new business unit and when the industry can expect to see the product in […]

Merrell Launches Takeback And Resale Program

Merrell is launching a multinational product takeback and resale program called Merrell ReTread. The program, which launches in April in the US and Canada in a partnership with ReCircled, allows consumers to give back Merrell footwear.

Olin Winchester Hosts Members of Congress To Support Shooting Sports

Olin Corporation announced that last week, Olin Winchester hosted legislators and outdoor industry representatives at a special event in Washington, D.C., to discuss the positive impact of the shooting sports and hunting and responsible firearm ownership. The event also featured an introduction to Shoot United, an initiative designed to engage individuals and families in shooting sports activities.

Skechers Appoints Board Member 

Skechers USA, Inc. announced that Yolanda Macias had been appointed to its Board of Directors. The appointment brings the total number of directors to eight, including five independent members.

NPD Report: Golf Equipment Sales Drop in Second Half Of 2021

Golf clubs and gloves sales declined in the period from July 2021 through February 2022, down 12 percent and 6 percent, respectively, year-over-year, according to Retail Tracking data from The NPD Group. Golf balls remained flat, and accessories (i.e., tees) and training aids were higher.