James “Jim” Lewis Throneburg, 82, founder of Thorlas hosiery, passed away at his home surrounded by family on Sunday, February 9, 2020.
Author: SGB Media
Michael Avenatti Found Guilty On All Counts In Nike Extortion Trial
Michael Avenatti, the celebrity lawyer, was convicted of all three charges related to his efforts to extort up to $25 million from Nike. Nike issued a statement after the guilty verdict: “The verdict speaks volumes. We thank the jurors for their time and service which is the bedrock of the American judicial system.”
Nike’s Chief Digital Officer Joins Epic Games
Adam Sussman, former chief digital officer at Nike, was appointed president of Epic Games, which makes numerous video games, including the popular Fortnite game.
Cole Haan Files Registration Statement For Initial Public Offering
Cole Haan Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
Famous Footwear’s Q4 Comps Jump 5.1 Percent
Caleres inc. reported consolidated net sales are expected to reach approximately $700 million in the fourth quarter, down 3 percent. Famous Footwear net sales are expected to be approximately $370 million, with same-store sales up 5.1 percent
Outdoor Retailer Show Reduction Cost Emerald Millions In Q4
The decision to cancel Outdoor Retailer Winter Market last November and consolidate it with January’s Outdoor + Snow Show—thereby reducing the annual OR show cycle to two—cost parent company Emerald Expositions Events Inc. $5.5 million in the fourth quarter, the company said this week.
Aisle Talk Week Of February 10
Top headlines from across the active lifestyle industry featured in SGB during the week of February 10, 2020.
Helly Hansen Delivers Robust Growth For Canadian Tire
Helly Hansen sales grew 20.4 percent in the fourth quarter, to Canadian $199.7 million ($151 mm). Allan Angus MacDonald, EVP of retail for Canadian Tire Corp., said on a conference call with analysts, “Helly Hansen has also been outstanding, ramping up fast, with sales doubling at Sport Chek year-over-year and nearly the same as Mark’s.”
January Retail Sales Grew 2.7 Percent Over Last Year
Retail sales in January increased 0.2 percent seasonally adjusted over December and were up 2.7 percent unadjusted year-over-year, the National Retail Federation said Friday.
Gogglesoc Modernizes Their Wholesale Approach With Envoy B2B
Googlesoc, the maker of stretch goggle covers made from recycled plastic bottles for skiers and snowboarders, has joined Envoy B2b as a new client.
Newell Brands Sees Q4 Decline In Home & Outdoor Living Segment
Newell Brands reported its Home & Outdoor Living segment generated net sales of $768 million in the fourth quarter compared with $809 million in the prior year period, reflecting a core sales decline of 2.8 percent, the impact of unfavorable foreign exchange and the exit of 75 underperforming Yankee Candle retail stores during 2019.
Asics’ Q4 Sales In North America Show Modest Decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion.
Moody’s Downgrades Under Armour’s Debt Rating
Moody’s Investors Service downgraded Under Armour Inc.’s senior unsecured rating to Ba1 from Baa3. The rating was also placed under review for further downgrade. The downgrade reflects the brand’s ongoing challenges reinvigorating growth in its core North American market and its potential 2020 restructuring plan.
Vuori Hires Senior Director Of Retail
Vuori, a performance apparel brand based in Encinitas, CA., hired Catherine Pike as senior director of retail. Pike most recently served as the executive vice president of franchise operations for FIT4MOM and formerly headed the southwest territory for Lululemon.
Puma Signs Grammy-Winning Artist J. Cole For Footwear And Apparel Deal
Puma signed a multi-year footwear and apparel deal with Grammy-winning artist J. Cole.
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