SGB Apparel

Cowen Calls Out Active Lifestyle Upstarts

In a note, analysts at Cowen Group highlighted six up-and-coming or rebounding brands – Fila, Puma, Rhone, Allbirds, Fanatics and StockX – that are causing some disruption in the active lifestyle space with the potential to do more.

Bass Pro, Cabela’s To Hire 7,000 Seasonal Positions

Bass Pro Shops is looking to hire approximately 7,000 seasonal workers to prepare for the holiday shopping season and the return of its popular Santa’s Wonderland experience. Cabela’s locations will be participating in Santa’s Wonderland for the first time this year.

September Retail Sales Increased 3 Percent

Retail sales in September increased 0.4 percent over August on a seasonally adjusted basis and were up 3 percent year-over-year unadjusted, according to calculations released by the National Retail Federation. Sporting goods stores sales were down 6.3 percent unadjusted year-over-year and up 0.7 percent seasonally adjusted from August.

Fitness Takes A Hit With Sears Bankruptcy

In a blow to a number of fitness equipment suppliers, Sears, as expected, on Monday filed for bankruptcy protection. One fitness company, Icon Health And Fitness Inc., landed on Sears’ list of the top-20 unsecured creditors, owed $12.1 million.

Huron Capital’s IQ Brands Acquires Wheel House Designs

Huron Capital announced the company’s socks and apparel accessories platform, IQ Brands, has acquired Wheel House Designs, a producer of novelty socks to specialty stores and boutiques throughout North America. The deal marks the fourth add-on acquisition for the IQ Brands platform.

Sears Files For Bankruptcy; To Close 142 More Stores

Sears Holdings, the parent of Sears and Kmart, filed for Chapter 11 bankruptcy early Monday morning after a long battle to stay afloat amid steep declines in sales and customer traffic. As part of the bankruptcy, Sears will shutter 142 stores toward the end of the year.

Simon To Develop NHL Seattle’s Headquarters

Simon Property Group, the shopping mall developer, announced the company is joining with NHL Seattle, the group closing in on obtaining an NHL franchise for the city, to have the team’s corporate headquarters and Training Center become a part of the re-imagined Northgate community.