Daily News Feed 12/20/2024 Reader Notice
SGI NewsWire is taking next week off for the Holidays. We’ll resume posting on December 30, with our next weekly issue published on January 6. Happy Holidays to all our valued subscribers! Rugged Footwear Market Contracts In 2023
Branded rugged outdoor footwear sales pulled up sharply after 2022’s 16.4% jump, slipping 2.2% in U.S. dollars to $6,194 million from $6,334 million based on our research with input from the Outdoor Industry Compass on European brands.
Following its approval in the House last Apr., the Senate has passed the EXPLORE Act, a companion bill to the America’s Outdoor Recreation Act, which will head to President Biden's desk where he is expected to sign it. Hanesbrands Settles Data Breach Suit
HBI has settled a proposed class action relating to a May 2022 data breach, pending final court approval, which compromised employees’ personal information such as birth date, banking, driver’s license details, and social security numbers. Etcetera: Franklin Sports, Powder Valley Outdoors, Alphabroder
12/19/2024 Elliott Hill Ready to “Let Nike Be Nike” after Short-term Pain
The Eager Beavertons’ first quarter under its new CEO was pretty bad, with most performance metrics down, but still better than feared as Hill pledged to do whatever it takes to make the Swoosh’s focus on sport its main priority. SIA Report Finds Some Progress in Snowsports Diversity
Ethnic and gender diversity is rising across some parts of the snowsports world, according to Snowsports Industries America's latest Participation Deep Dive, which presents new data alongside a keener eye on demographic information from October's 2023-24 Participation Study. Deckers Wins Suit Against Cybersquatter
DECK won a default judgment in LA federal court against an unnamed Brazil-based entity for cybersquatting and infringement on its Ahnu trademark. Smith Sport Optics Taps New Product Managers
Smith is bolstering its snow product and marketing team with the addition of Grady Skelton as global snow marketing manager and Kevin Wonnacott as snow category manager. Etcetera: Big 5, Reebok, Tour Edge Golf
12/18/2024 Birkenstock Outperforms in Q4, Guides for 15% to 17% 2025 Gains
The bottom line swung back to a profit of €52,465,000 ($57.7 mm) from a €28,287,000 loss in the fiscal fourth quarter ended Sep. 30 on a 2% increase in sales to €455,764,000 ($500.8 mm) over €374,543,000. Report: Xenith Pausing Operations
The football helmet and protective equipment maker sent a letter to its customers announcing plans to pause operations effective Jan. 10, 2025, the NSGA first reported.
The casual lifestyle footwear brand tapped Ken Dayley as CEO to help ignite Joybees’ growth through broader brand collaborations, expanded distribution, and consumer awareness. Perfect Moment’s Equity Falls Below NYSE Minimum
The luxury skiwear and lifestyle brand has received a letter from the exchange because its shareholders’ equity of $4.0 million was not in compliance after the company posted net losses in three of the four more recent fiscal years. National Park Visits Inch Lower in November
National Park recreational visits declined over 1% year-over-year in Nov. to 19,167,125 from 19,441,371, and year-to-date visits slipped by a similar amount to 304,617,235 compared to 309,205,125.
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