Björn Borg Brand Posts Q3 Sales Growth
Swedish sports fashion brand Björn Borg reported its Q3 net sales increased 5 percent to SEK 262.1 million ($25.5 million) from SEK 248.6 million in the 2022 corresponding period.
Iconix Acquires Majority Stake in Streetwear Brand Hoodrich
Iconix International, formerly Iconix Brand Group, has acquired majority control of British streetwear brand Hoodrich. Brand founder Jay Williams will continue on as a minority shareholder.
EXEC: Duer’s Founder Discusses Denim Disruption
In 2015, Duer created a range of “stretch performance denim” manufactured from plants and various recycled materials, putting a new spin on jeanswear. Founder Gary Lenett talked with SGB Executive about the Vancouver-based brand’s inspiration, emerging opportunities outside denim, distribution model, and commitment to sustainability.
Evo Acquires Bergland Hotel in Japan
Evo will open its second branded hotel—Evo Hotel Hakuba. It follows the opening of Evo Hotel Salt Lake in 2022 in Salt Lake City, UT.
Outdoor Leaders Comment on Latest Outdoor Rec Economy Figures
The U.S. Bureau of Economic Analysis (BEA) reported the latest statistics, which show that outdoor recreation generates $1.1 trillion in economic output (2.2 percent of GDP), nearly 5 million jobs, and comprises 3.2 percent of U.S. employees, according to an early analysis by the Outdoor Recreation Roundtable.
REI Responds to Accusations of Labor Law Violations
REI workers affiliated with the unions reportedly filed 80 unfair labor practice charges against the outdoor specialty retailer last week. REI vowed to fight the allegations.
Rally House Opens in Dallas
Rally House opened its first store in Dallas, TX. Rally House Cityplace Market opened on the north side, off US-75 and Lemmon Avenue.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
TYR Sport Opens Second Store in Costa Mesa
TYR Sport announced the opening of the swim brand’s second store in South Coast Plaza in Costa Mesa, CA. TYR Sport’S first-ever brick-and-mortar store opened last month at Roosevelt Field Mall in Garden City, NY.
EXEC: Gap Sees Athleta’s Recovery Taking Longer Than Planned
Athleta’s sales declined 18 percent in the third quarter against “heavy discounting” a year ago and are expected to decline double-digits in the fourth quarter as the retailer’s recovery from recent fashion miscues has taken longer than expected.
The Buckle Sees Fiscal Q3 Profits Decline as Comps Decline 9.2 Percent
Net income for the third quarter of fiscal 2023 was $51.8 million, or $1.04 per share on a diluted basis, compared with net income of $61.4 million, or $1.24 per share on a diluted basis, for the third quarter of fiscal 2022.
Foot Locker Named NBA Marketing Partner in the U.S.
Foot Locker and the NBA have signed a multiyear partnership that makes the sneaker retailer an official league marketing partner in the U.S. Foot Locker will receive media exposure across league platforms, including on-court virtual signage during national broadcasts and on league social media channels.
Fleet Feet Expands Kentucky Footprint with Louisville Store
Fleet Feet reported it plans to open a second store in Louisville, KY, in November in Fern Creek’s Cedar Creek Crossing Shopping Center.
HanesBrands Appoints Three New Independent Directors
HanesBrands announced that it has appointed Colin Browne, Natasha Chand and John Mehas as independent directors to the Board, effective immediately. It also reached a cooperation agreement with Barrington Capital Group, an activist investor group.
Dillard’s Announces Special Dividend On Shares
The Board of Directors of Dillard’s, Inc. declared a special dividend of $20.00 per share on the retailer’s class A and B common stock, payable on January 8, 2024, to shareholders of record as of December 15, 2023.
