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Category: Apparel

Tilly’s Inc. Posts Wider Q1 Net Loss as Comps Fall Nearly 10 Percent

June 6, 2024 SGB Update

Net sales from physical stores were $92.8 million, a decrease of 5.1 percent year-over-year, while net sales from e-commerce were $23.0 million, a decrease 10.8 percent year-over-year.

Adidas Yeezy and Fear of God Top Brands Flagged in StockX Verification Process

June 6, 2024 SGB Update

According to the data, the No. 1 reason StockX rejects products during its verification process is signs of previous wear (29 percent), with suspected fakes (19 percent) being the second most cited reason for failure.

Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas

June 6, 2024 SGB Update

Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.

Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises

June 6, 2024 SGB Update

Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.

EXEC: Lululemon Had Busy Q1, Beating Estimates, Buying Mexico Ops, Fixing Product Misses

June 6, 2024 SGB Executive

It wasn’t long ago that the market was ready to write off Lululemon as new challenges befell Nike and LULU had its own issues to address, including the recent departure of Chief Product Officer Sun Choe for a new opportunity to run the Vans brand for VF Corp.

The Buckle Posts 7.6 Percent Comp Sales Decline for May

June 6, 2024 SGB Update

Net sales for the 4-week fiscal month ended June 1, 2024 decreased 8.2 percent to $82.0 million from net sales of $89.3 million for the prior-year fiscal month in 2023.

G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld

June 6, 2024 SGB Update

The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.

G-III Apparel Group Sees Flattish Q1 Sales; Updates Fiscal 2025 Outlook

June 6, 2024 SGB Update

Performance was said to be driven by double-digit increases in DKNY and Karl Lagerfeld, along with a successful relaunch of Donna Karan, reflecting the company’s commitment to investing in its owned brands.

Stack Athletics Drops Summer 2024 Pickleball Collection

June 6, 2024 SGB Today

Stack fuses streetwear meets pickleball-focused tech in Summer 2024 apparel collection

Lululemon Beats Q1 Sales and Earning Estimates; Shares Jump Double Digits

June 5, 2024 SGB Update

The company delivered first quarter EPS of $2.54 per share, beating Street estimates by 12 cents a share. Revenue amounted to $2.21B, outpaced the estimates. Revenue grew 11 percent year-over-year in constant-dollar terms. .

EXEC: Authentic Sells Boardriders Retail Ops in W. Europe; Inks Brand Licenses for Key Cats

June 5, 2024 SGB Executive

Beaumanoir reportedly acquired the retail operations for the Boardriders brands across Western Europe and licensed the rights to manufacture, design and distribute branded products.

HanesBrands Formally Inks Deal to Sell Champion to Authentic Brands Group

June 5, 2024 SGB Update

The transaction value is pegged at $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of performance thresholds. Authentic said it intends to manage the Champion brand through a licensing model.

Hibbett Posts Q1 Sales Comps and Earnings Decline on Path to JD Sports Acquisition

June 5, 2024 SGB Update

Comparable sales decreased 5.8 percent versus the prior-year Q1 period. Brick & mortar comparable sales declined 5.8 percent while e-commerce sales also decreased 5.8 percent on a year-over-year basis.

EXEC: Sportsman’s Warehouse to Focus More on “Warehouse” and Value Moving Forward

June 5, 2024 SGB Executive

The hunting, fishing, camping and shooting specialty retailer is embracing part of its name in a more profound way as 2024 progresses, promising to focus more on the “Warehouse” part of the name to provide more value for cash-strapped outdoor sports enthusiasts

EXEC: Outdoor Voices Acquired by Consortium Brand Partners

June 5, 2024 SGB Executive

The athleisure lifestyle brand, founded in 2013 by Tyler Haney, marks CBP’s second acquisition, following its announcement of a majority stake in Reese Witherspoon’s fashion and lifestyle brand, Draper James in September 2023.

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