SGB Apparel

Adidas’ Head of Global Operations to Exit

Martin Shankland plans to step down as head of global operations and leave the company after 27 years with the brand. Shankland is also an Executive Board member and will officially step down on August 10.

Alo Yoga Opens London Flagship

Based in Los Angeles, CA, the brand has opened a 10,000-square-foot flagship store on London’s Regent Street, marking its second store in the UK.

EXEC: Black Diamond Making Progress with Repositioning Despite Top-Line Weakness

Black Diamond’s sales again fell sharply in the second quarter but management of its parent, Clarus Corp., told analysts the brand is making progress rationalizing its product lines under a “fewer, bigger, better” emphasis and reducing promotional pressures amid the continued slow stabilization of the North American wholesale channel. Neil Fiske, president, Black Diamond Equipment, still cautioned that the overall outdoor marketplace won’t fully recover until 2025.

Fred Segal Closes Remaining Store Locations

Fred Segal, the Los Angeles, CA luxury boutique, closed its remaining two stores and also shut down its website. Fred Segal Home, the brand’s luxury furniture store, will remain open in Culver City, CA, and the fredsegalhome.com website will continue.

Black Diamond’s Q2 Weakness Weighs on Parent; Pieps Up For Sale

Clarus Corp. logged a Q2 loss as sales sunk 2.4 percent. A 13.6 percent sales gain in its Adventure segment was offset by a 9.7 percent slide at Black Diamond that was blamed on weakness in North American DTC operations and softness in Europe. Clarus lowered its full-year earnings guidance to reflect weakness as well as investments in its Adventure segment while indicating it’s exploring a sale of its Pieps snow safety brand.