Author: SGB Media

Deckers Brands Q3 Easily Tops Guidance

January 30, 2020 SGB Update

Deckers Brands Inc. raised its earnings guidance for the year after reporting results for the third quarter ended December 31 that easily topped its outlook. Sales grew 2.6 percent at Ugg and jumped 63.6 percent for Hoka One One. Teva and Sanuk both suffered double-digit declines.

H&M Appoints New CEO

January 30, 2020 SGB Update

H&M said Karl-Johan Persson has stepped down as CEO to assume the role of chairman, after his father Stefan said he would relinquish that role. COO Helena Helmersson has been appointed CEO.

RYU Apparel Seeks To Enter Consultant Agreement

January 30, 2020 SGB Update

RYU Apparel, the Vancouver-based athletic apparel brand, is seeking to raise $7 million in capital in order to enter a consulting arrangement and pursue a plan to bring RYU to profitability over the two-year period.

Adidas Lays Out Roadmap To Be Plastic Free By 2024

January 30, 2020 SGB Update

Adidas is introducing two new fabrics that use 100 percent recycled polyester, Primeblue and Primegreen, and announced several more commitments as part of its goal to use only recycled polyester for its shoes and clothing by 2024.

Bollé Brands Relocates HQ, Sharpens U.S. Focus After Adding Spy Optic

January 30, 2020 SGB Executive

Bollé Brands, the Lyon, France-based parent of such brands as Bollé and Spy Optic, on Wednesday announced a new corporate headquarters for its U.S. operation and a heightened focus on the North American market. The company’s global and U.S. marketing leaders spoke exclusively with SGB Executive about the changes.

Unifi’s Shares Tumble As Guidance Is Lowered

January 30, 2020 SGB Executive

Shares of Unifi Inc. fell $6.78, or 24.8 percent, Wednesday to $20.53 after the polyester giant’s second-quarter earnings came in below expectations and guidance for the year was again lowered. The flood of polyester imports into U.S. markets from China and India continues to impact results.

Asics Ventures Invests In Smart Shoe Technology

January 30, 2020 SGB Update

Asics Corporation announced that its investment subsidiary Asics Ventures Corporation invested in a Japanese startup No New Folk Studio Inc., developer of sensing solution Orphe Track, which measures and analyses foot movement.

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