Author: SGB Media

’47 Brand Partners With XFL

February 7, 2020 SGB Update

The XFL announced ’47 as its official headwear partner. ’47, a privately-held premium sports lifestyle brand from Boston, is providing headwear and apparel for all eight XFL teams.

RYU Apparel Announces Private Placement

February 7, 2020 SGB Update

RYU Apparel Inc., the Vancouver-based athletic apparel brand, intends to conduct a non-brokered private placement financing of up to 333.3 million units at a price of Canadian 3 cents per unit to raise gross proceeds of a maximum of $10 million.

VF Corp Provides Update On Coronavirus Impact

February 7, 2020 SGB Update

VF Corp. said that at this time, about 60 percent of VF’s owned and partner stores in China have been temporarily closed due to coronavirus mitigation efforts. Stores currently open have experienced significant declines in retail traffic.

Meteorite PR Adds Industry Veterans To Growing Team

February 7, 2020 SGB Update

Colorado-based Meteorite PR announced today the hiring of two industry veterans as it looks to expand its global footprint in 2020. Nick Firchau will serve as Meteorite’s content manager after nearly 20 years spent as a journalist and digital media professional. He spent six years as a reporter with the Chicago Sun-Times and later played […]

Vista Outdoor Shares Climb After Company Hits Key Milestone

February 7, 2020 SGB Executive

Shares of Vista Outdoor Inc. jumped 11.7 percent Thursday following the company’s upbeat earnings report that included its first quarter of positive organic revenue growth since extensive transformation efforts began in 2018. Though the company’s stock dipped Friday morning, the accomplishments of the previous quarter provided a much-welcomed boost for the Anoka, MN-based company.

Canada Goose Slashes Outlook On Coronavirus Fallout

February 7, 2020 SGB Update

Canada Goose cut its full-year forecast for sales and profit after reporting that the coronavirus is “having a material negative impact” on results. Sales are now expected to expand in the range of 13.8 percent to 15.0 percent in its year ended March 31, compared to at least 20 percent growth previously.

Columbia Sportswear’s Q4 Impacted By Promotional Climate

February 6, 2020 SGB Update

Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street’s consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, “A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity.”

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