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Foot Locker Announces Strategic Partnership Children’s Apparel Start-Up

February 26, 2019 SGB Update

Foot Locker Inc. has made a $12.5 million minority investment in Launch Kids, Inc., d/b/a Rockets of Awesome, a New York City-based children’s apparel company. Foot Locker’s investment is part of Rockets of Awesome’s $19.5 million Series C capital raise.

Fleet Feet Launches Rewards App

February 26, 2019 SGB Update

Fleet Feet announced the launch of its revamped customer rewards program in conjunction with a new app.

Adidas Earns Upgrade On Yeezy Momentum

February 26, 2019 SGB Executive

Wells Fargo raised its rating on Adidas to “Outperform” from “Market Perform” due to the success the brand is finding with its “democratization” of Yeezy, its sub-brand collaboration with Kanye West.

Conversation With Active Brands North America GM Henrik Lumholdt

February 25, 2019 SGB Executive

Henrik Lumholdt, general manager, Active Brands North America—whose portfolio includes Kari Traa, Sweet Protection and Daehlie—spoke with SGB Media at the recent Snow Show about Kari Traa’s auspicious start during the 2015 show, where the sportswear line goes from here and the growth potential the Norwegian company sees for all its brands in North America.

America Outdoors Names Six New Board Members

February 25, 2019 SGB Update

America Outdoors, an association of outfitters and guides, on Monday announced the appointment of six new members of the board of directors.

Aventura Clothing Reveals New Brand Look

February 25, 2019 SGB Update

Women’s sustainable clothing company Aventura Clothing on Monday announced a new logo and icon for Spring 2019. The new look pays tribute to the brand’s growing commitment to sustainable materials and their continued partnership with Fair Trade.

Spartan Launches Employee Fitness App

February 25, 2019 SGB Update

Spartan, the obstacle course race and endurance brand, has entered the $13 billion corporate wellness sector with the development of its SpartanFit Challenge App.

Dillard’s Comps Grow 2 Percent In Fiscal Year And Q4

February 25, 2019 SGB Update

Dillard’s Inc. reported net income for the 52 weeks ended February 2 of $170.3 million, or $6.23 per share, compared to net income of $221.3 million, or $7.51 per share, for the 53 weeks ended February 3, 2018.

Nautilus Revenue Dips 10 Percent On Direct Segment Softness

February 25, 2019 SGB Update

Nautilus Inc. on Monday reported net sales for the fourth quarter of $115.4 million, a decrease of 9.7 percent compared to $127.8 million in the same quarter of 2017, however, this beat Wall Street targets by $0.7 million. The decrease in net sales was driven by a 30.3 percent decline in the direct segment partially offset by 16.1 percent growth in the retail segment.

Payless To Hold U.S. Retail’s Largest Liquidation

February 25, 2019 SGB Update

Payless ShoeSource is now holding store closing sales at all retail locations in North America. This is the largest liquidation event, by store count, in retail history with sales to be conducted at all of its approximately 2,300 stores in the U.S., Puerto Rico and Canada.

Downlite Appoints Chief Sales And Marketing Officer

February 25, 2019 SGB Update

Downlite, the manufacturer of down, feather and synthetic bedding products, and supplier of down to outdoor and apparel markets, appointed Lisa Pruett as chief sales and marketing officer.

Rocky Brands Q4 Profitability Shows Further Improvement

February 25, 2019 SGB Update

Rocky Brands Inc. reported earnings rose 28.6 percent in the fourth quarter on an adjusted basis. The gains reflect improved gross margins due to segment mix, increased manufacturing efficiencies and improved full priced selling. Wholesale sales increased 3.4 percent.