SGB Apparel

Lands’ End Posts Wider Q3 Loss on Double-Digit Sales Decline

Third quarter net revenue decreased 12.5 percent to $324.7 million and the net loss was $112.4 million, or $3.52 loss per diluted share, compared to net loss of $4.7 million, or 14 cents loss per diluted share, in the third quarter of fiscal 2022.

Tommy Bahama Parent Gets Q3 Sales Boost from Johnny Was

Oxford Industries, Inc., the parent of the Tommy Bahama, Lilly Pulitzer and Johnny Was brands, reported that consolidated net sales in the fiscal third quarter increased 4 percent to $327 million. Still, the company moderated its full year sales and EPS guidance.

The Microfibre Consortium Shuffles the Leadership Deck

Research Director Dr. Kelly Sheridan, who is also an Assistant Professor in Forensic Science (Textile Fibers) at Northumbria University, will reportedly step into the CEO chair, while Founding Director Sophie Mather will transition from the Board of Director to an advisory role, supporting “the continuity of the topic and the organization.”

U.S. Ski & Snowboard Partners With Backcountry

The U.S. Ski and Snowboard Association reported it entered into a partnership with Backcountry to design apparel and host an online shop for the national governing body of Olympic ski and snowboarding.

EXEC: Stifel Survey Finds Consumers Prioritize Price/Value Over Sustainability

The survey, which was conducted in partnership with Morning Consult, surveyed active/causal lifestyle brand consumers ages 18 to 55 based in the U.S., UK, Germany, France, and Italy. It found that only one-third of respondents “Highly Prioritize” sustainability when making purchasing decisions, compared to other factors like “Good Value” (68 percent) and “Low Price” (57 percent).