Author: SGB Media

Osprey Expands Executive Team Hiring Julie Rich as Vice President of People

March 28, 2019 SGB Today

Cortez, CO – March 27, 2019 – Osprey, a leader in creating top-quality, high-performance, innovative carry solutions, is pleased to announce the hiring of Julie Rich as Vice President of People. In this newly formed position, Rich will lead the Human Resources team including talent management, recruiting and retention, compliance, and management development. “We are […]

Sportsman’s Warehouse’s Q4 Profits Climb 26 Percent

March 28, 2019 SGB Update

Sportsman’s Warehouse Holdings Inc. reported earnings on an adjusted basis rose 26.2 percent in the fourth quarter as same-store sales gained 3.1 percent. Earnings came in at the higher end of guidance while comps topped guidance. Jon Barker, CEO, said the sales gains were “driven by strong performance from our existing stores and e-commerce platform.”

Gildan To Take Impairment Charge Related to Heritage Sportswear

March 28, 2019 SGB Update

Gildan Activewear Inc. announced that it expects to take a charge of approximately $19 to $23 million in the first quarter of 2019, related to the impairment of a trade receivable from Heritage Sportswear, one of the company’s U.S. distributor customers within the imprintables channel.

Lululemon Crushes It In Q4

March 28, 2019 SGB Executive

Firing on all cylinders, Lululemon Athletica reported a blow-out fourth quarter marked by a 17 percent comp gain while predicting comps would surge in the low-double digits for the current year. Growth is expected to be driven by stepped-up store openings and category expansions as well as by further building on the recent momentum seen in digital, international and men’s.

Iconix Closes Book On ‘Challenging, Transitional Year’

March 27, 2019 SGB Executive

After enduring the loss of some licensing agreements, the departure of some executives and the bankruptcy of a key customer, Iconix Brand Group, parent of Starter and Umbro, is happy to put last year behind it, according to CEO Bob Galvin, who called 2018 “challenging and transitional.”

Tommy Hilfiger Powers PVH Corp. To Q4 Beat

March 27, 2019 SGB Update

PVH Corp. reported a fourth-quarter revenue and earnings beat behind an “outstanding” quarter from Tommy Hilfiger and a “healthy” quarter from Calvin Klein, according to Emanuel Chirico, chairman and CEO.

Lululemon’s Q4 Profits Soar

March 27, 2019 SGB Update

Lululemon Athletica Inc. reported earnings on an adjusted basis in the fourth quarter rose 35.8 percent, easily topping Wall Street’s target, as comps vaulted 17 percent on a currency-neutral basis. For the year, the retailer said it achieved several of its 2020 goals ahead of schedule.

REI Co-op To Open New Store Along Chicago River

March 27, 2019 SGB Update

REI Co-op will open its new location along the banks of the Chicago River on April 5. REI Lincoln Park was previously located at 1446 North Halsted Street, but has moved to a new 40,000 square-foot space on West Eastman Street.

Technogym’s Profits Soar In 2018

March 27, 2019 SGB Update

Technogym’s revenues climbed 53 percent to €93 million in 2018. Revenues reached €634 million, up 8 percent on a reported basis and 10 percent at constant exchange rates.

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