Author: SGB Media

USFIA Joins Tariff Reform Coalition

September 18, 2019 SGB Update

The United States Fashion Industry Association (USFIA) on Wednesday announced it had joined alongside U.S. manufacturers, retailers, agricultural and food producers, and other supply chain stakeholders to form the Tariff Reform Coalition, a coalition dedicated to ensuring clearer guidelines and Congressional oversight on Presidential tariff authority. The organization issued the following statement: “The increasing use […]

Kathmandu’s Annual Results Boosted By Oboz

September 18, 2019 SGB Update

Kathmandu Holdings Ltd., based in New Zealand, reported net profits rose 13.7 percent in the year ended July 31 on a 9.7 percent revenue gain. The gains were led by Oboz, the U.S.-based outdoor footwear brand. Oboz’s sales grew 30 percent to U.S.$44.6 million.

Camber Outdoors Names Emily Newman As Executive Director

September 17, 2019 SGB Update

Camber Outdoors, a national nonprofit dedicated to achieving workplace equity in the active-outdoors industries, on Tuesday announced Emily Newman as its new executive director. Newman will be stepping into outgoing Interim Executive Director Diana Seung’s role effective immediately.

Nordstrom Promotes Ken Worzel To COO

September 17, 2019 SGB Update

Nordstrom on Tuesday announced that Ken Worzel has been promoted to COO. In this newly created role, Worzel is responsible for overseeing and bringing together Nordstrom’s digital and physical assets to create an end-to-end experience for customers across full-price and off-price.

Apex Global Brands Lowers Outlook on ‘Economic Uncertainty’

September 17, 2019 SGB Update

Apex Global Brands (formerly Cherokee Inc.) on Tuesday lowered its fiscal year outlook “due to economic uncertainty, Brexit and the impact of a weakened British pound sterling and euro.” The company reported a net loss for the fiscal second quarter ended August 3 of $1.3 million, narrowing its loss of $9.1 million the same quarter a year ago. Earnings per share of (8) cents missed estimates by 10 cents.

Fanatics Appoints Nike Exec As CFO

September 17, 2019 SGB Update

Fanatics appointed Michener (Mich) Chandlee as chief financial officer. Chandlee, who brings to Fanatics nearly 30 years of global finance experience – including the last 18 years with Nike – will oversee the business and financial planning, accounting, investor relations, purchasing, tax, treasury and divisional finance for the company.

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