SGB Apparel

CFDA Elects New Chairman

The Council of Fashion Designers of America (CFDA) announced that Thom Browne will become its new chairman, effective January 1, 2023. The CFDA Board of Directors unanimously elected the designer to the role for a two-year term.

Yoox Net-A-Porter Names Interim CEO

Yoox Net-A-Porter announced that Alison Loehnis has been named interim CEO, effective October 31, 2022, replacing Geoffroy Lefebvre, who is stepping down to pursue a private equity-backed entrepreneurial career outside of Richemont after 11 years with the company.

Nike Once Again Tops Piper Sandler’s Teen Survey

Nike remains the No. 1 brand for teens in apparel (31 percent) and footwear (60 percent ), according to Piper Sandler’s 44th Semi-Annual Generation Z survey.  Lululemon, Converse, Crocs, and Hey Dude also gained traction.

PXG Opens Store In Boston

PXG, the sports equipment manufacturer that sells a line of custom-fitted golf equipment products and accessories, opened its first brick-and-mortar store in Framingham, MA, located West of downtown Boston.

Adobe Predicts Modest Online Gain In Holiday Sales

Adobe expects U.S. online holiday sales to reach $209.7 billion from November 1 to December 31, representing a 2.5 percent growth year-over-year. During the 2021 holiday shopping season, $204.5 billion was spent online, growing 8.6 percent YoY, with consumers uncertain about returning to physical stores due to lingering pandemic concerns.