SGB Update Sports & Fitness

Report: More U.S. Consumers Will Abandon Shoe Purchases Based on Price

The new Spring 2025 U.S. Footwear Consumer Survey from AlixPartners and the FDRA found that consumers are more likely to abandon a purchase due to cost, with 78 percent of respondents in its latest survey stating they halted a purchase due to price, up 12 percentage points from 2024.

Authentic Brand Group Inks Sock License for Tapout Brand

Grey Matter Concepts will manufacture and distribute Tapout-branded socks across the U.S. and Canada. Authentic plans to launch the first collection through select retailers and online timed with the Holiday 2025 shopping season.

U.S. Consumer Confidence Sinks to Near Five-Year Low

The Conference Board’s Consumer Confidence Index fell to 86 on the month, down 7.9 points from its prior reading and below the Dow Jones estimate of 87.7. It was the lowest reading since May 2020.

Stahls’ Names Sales Director for EMEA Region

Industry veteran Thomas Heuer will work closely with Martin Borley, executive managing director for Stahls’ UK and Europe, and Stephanie Schnur, managing director of Stahls’ Europe, to drive regional growth and strengthen customer relationships.

Riddell Snaps Up Xenith Assets

The report that Xenith was “officially a part of Riddell Sports” was shared on the social media accounts of both companies and confirmed in a statement from a Riddell spokesperson.

Moody’s Lowers Under Armour’s Debt Ratings

Moody’s Ratings downgraded Under Armour, Inc.’s debt ratings on its expectation that weakening consumer discretionary spending and increased tariff costs are likely to lead to lower earnings over the next 12-18 months.

Adidas Warns of U.S. Price Hikes Due to Tariffs

Adidas AG said that despite reporting better-than-expected first-quarter results, it opted not to raise its financial targets for 2025 due to rising concerns over President Donald Trump-imposed trade tariffs, including the threat that prices will have to rise for U.S. products. The company said it did not know how much it would boost prices.

NSGA’s and Sporting Goods Industry Veteran Tom Doyle Passes Away  

Tom Doyle died on April 22 at the age of 86. He worked at the NSGA for 39 years and was the association’s vice president of Information and Research when he retired in the fall of 2010. He was also president of the National Ski & Snowboard Retailers Association (NSSRA) from the time it was founded in 1987 until 2010.