SGB Apparel

SGB 2023 Year In Review: Executive Shuffle

New CEOs at Academy Sports, Adidas, Asics, Gap, Kohl’s, Levi’s, Sportsman’s Warehouse, VF Corp., Vista Outdoor, and Wolverine Worldwide headlined the C-suite moves that transformed leadership across the active lifestyle space in 2023.

Report: Merchandise Returns Reach 14.5 Percent in 2023

According to the report released by the National Retail Federation and Appriss Retail, for every $1 billion in sales, the average retailer reportedly incurs $145 million in merchandise returns. Online sales do see a higher return rate, at 17.6 percent.

Happy Holidays From SGB Media

In observance of the Christmas holiday, SGB Media is taking time to be with family and will not publish the SGB Updates on December 25. Publishing will resume on December 26 with one Update newsletter daily through December 29. 

Terracea Elevates Core Winter Gear for 2024

Terracea, the maker of winter and ski jackets, founded in 2017, will expand its focus beyond the core winter market in 2024 with a collection that integrates everyday style with performance functionality.

Nike to Undergo Layoffs, Cost-Cutting Amid Weakening Sales Outlook

Nike, Inc. reported earnings in its fiscal second quarter ended November 30 topped analyst expectations but also announced a  program to cut costs by about $2 billion over the next three years, including through layoffs, as it sees a “softer” sales outlook for its fiscal second half.

Compass Diversified Receives $75.2 Million Equity Investment

The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, reported that it had completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments to raise $75.2 million.