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L.L. Bean To Renovate Freeport Flagship And Campus

January 25, 2023 SGB Update

L.L. Bean announced plans to renovate its flagship store and the retail campus in Freeport, ME, as part of a more than $50 million project.

Report: Kohl’s Close To Naming New CEO

January 25, 2023 SGB Update

Kohl’s Corp. is in late-stage talks to name Tom Kingsbury as CEO, the New York Times reported on Wednesday, citing two spokespersons familiar with the conversation.

Golf Equipment And Apparel Retail Sales Reported To Surpass $20 Billion In 2021

January 25, 2023 SGB Update

The World Golf Report 2023, a study from Golf Datatech and Yano Research Institute, found that the worldwide golf equipment and apparel market grew over the pandemic to reach $20 billion, encompassing the $11.1 billion equipment and the $8.9 billion apparel sectors, respectively.

Levi Strauss Q4 Earnings Top Wall Street Expectations

January 25, 2023 SGB Update

Levi Strauss reported earnings in the fiscal fourth quarter ended November 27 that exceeded Wall Street’s estimates while delivering an upbeat sales outlook for fiscal 2023.

Boot Barn Slightly Lowers FY Guidance As Q3 Profits Fall

January 25, 2023 SGB Update

Boot Barn Holdings, Inc. slightly lowered its earnings guidance for its fiscal year ended March 31 while reporting third-quarter profits declined 23.7 percent on a 3.6 percent same-store sales decline. Third-quarter results were in line with a pre-announcement provided in early January.

PVH Names President Of Calvin Klein Americas

January 25, 2023 SGB Update

PVH Corp. hired Donald Kohler as president, Calvin Klein Americas. Over the past 15 years, Kohler has led the Americas region for global brands, including Burberry, Salvatore Ferragamo and Diesel.

Gymshark Cuts U.S. Staff; Plans To Cease Most U.S. Operations

January 25, 2023 SGB Update

Gymshark, the U.K.-based athleisure brand, plans to cease most of its U.S. operations at its headquarters in Denver, CO. The move will result in the layoff of approximately 65 employees.

ICSC: 2022 Holiday Sales Miss Forecasts On Promotional Pressures

January 25, 2023 SGB Update

The ICSC (International Council Of Shopping Centers) found holiday sales jumped 5.2 percent year over year, falling short of its forecast. ICSC’s survey found 43 percent of U.S. consumers indicating that low prices or good promotions were key motivating factors in where they shopped, significantly ahead of 33 percent in 2021.

Blackcrows Releases Limited Edition Powder Hunting Capsule

January 25, 2023 SGB Today

Blackcrows dropped a limited-edition Powder Hunting capsule collection with the new generation Nocta. The capsule represents the company’s take on the powder hunt side of skiing. It includes a new shape of the Nocta with increased flexibility and camber—the biggest and widest ski in the company’s line—a shovel, earflap hat, backpack, and a long-tailed anorak jacket. […]