SGB Apparel

Zumiez Lifts Q4 Outlook On January’s 3.5 Percent Comp Increase

February 6, 2019 SGB Update

Zumiez Inc. on Wednesday announced that total net sales for the four-week period ended February 2, 2019, decreased 18.3 percent to $53.9 million, compared to $66 million for the five-week period ended February 3, 2018.

NRF Sees 2019 Growth Between 3.8 And 4.4 percent

February 6, 2019 SGB Update

The National Retail Federation forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.

Nike Signs Clean Energy Deal In Europe

February 6, 2019 SGB Update

Nike signed its first European clean energy deal with Iberdrola, the Spanish utility, with a goal of having all its offices in Europe powered by renewable energy by 2020.

Foot Locker Announces Global Realignment To Support International Growth Strategy

February 5, 2019 SGB Update

Foot Locker Inc., the New York-based specialty athletic retailer, on Tuesday announced a realignment of its organizational operating model into three distinct geographical regions: Europe, Middle East and Africa (EMEA); Asia Pacific; and North America, to better align its resources across its international businesses, and to develop an infrastructure to support an expansion plan within the Asian market.

Boot Barn Raises Fiscal Year EPS Outlook

February 5, 2019 SGB Update

Boot Barn Holdings Inc. on Tuesday reported that net sales for the third quarter ended December 29 increased 13 percent to $254 million, narrowly missing analysts’ expectations by $0.54 million. The company raised fiscal year EPS guidance to $1.31 to $1.33, compared to the company’s prior outlook of $1.16 to $1.24.

Delta Apparel Sees Double-Digit Growth In Q1

February 5, 2019 SGB Executive

Delta Apparel said robust growth for its Salt Life brand and digital print business, DTG2Go, drove a 12.5 percent climb in sales in the first quarter ended December 29, along with a spike in profitability excluding non-recurring items. Improving sales at Soffe and continued strength in fashion basics in its activewear business also supported the gains.

BikeCo Purchases ASE Assets As Going Concern

February 5, 2019 SGB Update

BikeCo, LLC, a joint venture consisting of Tiger Capital Group and Advanced Holdings Co. Ltd., has acquired the assets of Advanced Sports Enterprises (ASE). The winning bid, approved by the bankruptcy court on February 1, exceeded $23 million.

Academy Sports Appoints Steven Lawrence As EVP And Chief Merchandising Officer

February 5, 2019 SGB Update

Academy Sports + Outdoors announced that Steven P. Lawrence has been appointed executive vice president and chief merchandising officer, effective February 11. He was most recently CEO of Francesca’s and has also been chief merchandising officer at Stage Stores.

Fila Extends Sponsorship Of The BNP Paribas Open

February 5, 2019 SGB Update

Fila has extended its Premier Sponsorship agreement with the BNP Paribas Open, the largest ATP Tour and WTA combined two-week event in the world.

Unifi Asia Pacific (Hong Kong) Co. Ltd., Kipas Mensucat Isletmeleri A.S. Enter Into Strategic Agreement

February 5, 2019 SGB Update

Unifi Asia Pacific (Hong Kong) Co. Ltd. (UAP) announced Tuesday that it has entered into a strategic commercial agreement with Kipas Mensucat Isletmeleri A.S. (KIPAS) for the supply of REPREVE staple fibers into the Republic of Turkey. UAP and KIPAS will leverage the supply infrastructure in Turkey to provide quality, service, speed-to-market and REPREVE-based staple fiber offerings to fabric mills as well as brand and retail partners.