SGB Update Apparel

Nike, Inc. Beats Wall Street Estimates for Q4 Top- and Bottom-Line Declines
While the company produced a beat on both the top- and bottom-line consensus Wall Street estimates for the period, many analysts appeared more interested in the fiscal 2026 full-year guidance, which was not provided in the initial release of Q4 and full-year figures.

Survey: Early Back-To-School Shoppers Noticing Higher Prices
A survey of parents who have started back-to-school shopping conducted by Morning Consult found that 57 percent believe school supplies cost more this year than they did last year. A majority (59 percent) noted that inflation in general as the cause for the price increases, while 37 percent cited tariffs specifically.

Compass Diversified Reports Inability to Rely on 2022 and 2023 Financial Statements
The owner of the 5.11, Boa, Oxo, and Primaloft brands disclosed on Wednesday, June 24, its non-reliance on its financial statements for fiscal years 2022 and 2023 amid an ongoing investigation into its subsidiary Lugano Holding, Inc. The investigation does not involve CODI’s other subsidiaries.

On Outsole Partner Novoloop Raises $21M to Scale Circular Performance Materials Tech
By chemically upcycling post-consumer polyethylene into low-carbon polyols and polyurethanes, Novoloop produces sustainable materials for footwear, apparel, sporting goods, automotive, and other applications.

Adidas Appoints New GM for India
Vijay Chauhan, most recently SVP International at American Eagle Outfitters, joins Adidas as GM for India, effective August 1. He will succeed Neelendra Singh, who is stepping down after over two decades with the company.

Decathlon Closing Five Greater Toronto Area Stores
Decathlon is closing its five stores in the Greater Toronto area this summer. The retailer provided no reason for the closures, but the French sporting goods chain stated in a media release that it had recently launched same-day delivery and is considering opening smaller store formats or adopting a wholesale distribution model to serve the region.

Mark Walter to Acquire Majority Stake in the NBA’s Los Angeles Lakers
Chairman and CEO of TWG Global, Walter reached an agreement with the Buss Family Trust to acquire a majority stake in the NBA’s Los Angeles Lakers. The sale is expected to close in the third or fourth quarter of 2025.
Primark Continues U.S. Growth with Memphis, TN Store Opening
The Memphis location, opening July 24, is the first of two planned store openings in Tennessee for Primark, with a second store set to open in the Cool Springs Galleria in Franklin, TN. The opening marks the retailer’s 31st U.S. store, now spanning 13 states.

Survey: Back-To-School Spending Expected to Hold Up
According to PwC’s 2025 Back-to-School Survey of nearly 1,200 parents, over one in three parents anticipate spending more than the amount they spent last year. For surveyed respondents who plan to cut back on shopping for back-to-school items this year, technology and clothing were cited as top categories for reducing spend.

Nike, Inc. Nominates Former Lego CEO for Board Seat
Jørgen Vig Knudstorp, former president and chief executive officer of the Lego Group from 2004 to 2016 and current deputy chair of the Lego Foundation, is expected to replace Cathleen Benko, a former Deloitte executive who is retiring from the board.

U.S. Consumer Confidence Worsens in June
U.S. consumer confidence unexpectedly declined in June, underscoring anxiety about the potential impacts on the economy and job market from higher U.S. import duties. The Conference Board’s gauge of confidence decreased 5.4 points to 93.

Wolverine Worldwide Appoints Sales Leader, Work Group
Jim O’Connor previously held executive roles at Timberland Pro, Shoes for Crews and Lands’ End. Wolverine’s Work Group includes Bates, Cat Footwear, Harley-Davidson Footwear, Hytest, Wolverine Boots & Apparel.

VF Corp. Appoints President of Napapijri
Valentina Visconti Prasca, formerly at Yoox Net-a-Porter Group, was appointed president of Napapijri, the Italian brand known for its travel bags and outdoor apparel. VF has owned Napapijri since 2004.

Amazon Expands Same-Store Day Delivery to More Rural Markets
The rural push comes as Amazon’s delivery speed hit record levels in 2023 and 2024, and the number of items Amazon delivered the same or the next day in the U.S. increased over 30 percent so far this year compared to the same period last year.

GSM Outdoors, Pelican Products and Momentec Brands Owner Adds Solo Group to Stable
Los Angeles-based Platinum Equity reached an agreement to acquire Solo Group, a European maker of business-to-business personalized products including apparel, drinkware, bags and luggage, stationery and tech accessories.