Category: Apparel

Avenatti Ordered To Face Fraud Charge

January 9, 2020 SGB Update

A Manhattan federal judge denied Michael Avenatti’s bid to dismiss the third count of an indictment accusing the embattled lawyer of trying to extort Nike Inc. over his alleged knowledge of basketball recruiting violations.

The Buckle’s Comps Climb In December

January 9, 2020 SGB Update

The Buckle Inc. reported comparable store sales increased 5.0 percent in December. Overall sales increased 4.8 percent to $143.9 million from $137.4 million in the same period a year ago.

JCPenney’s Holiday Comps Sink

January 9, 2020 SGB Update

J. C. Penney Company Inc. announced that its comparable store sales for the combined nine-week period ending January 4, 2020 decreased 7.5 percent. The retailer reaffirmed its guidance for the year.

Kohl’s Holiday Comps Dip 0.2 Percent

January 9, 2020 SGB Update

Kohl’s Corp. reported that its comparable sales for fiscal November and December 2019 combined decreased 0.2 percent over the same period last year. The department store operator expects EPS to come in at the low-end of guidance.

Fanatics Brands Secures New Headquarters

January 9, 2020 SGB Update

Fanatics Brands, the in-house apparel division for Fanatics Inc., has signed a lease for three full floors, or 92,000 square feet, at 5332 Avion in Tampa. Previously, the apparel division has been spread across three locations in Tampa.

Lululemon Appoints Nikki Neuburger Chief Brand Officer

January 8, 2020 SGB Update

Lululemon Athletica Inc. appointed Nikki Neuburger as chief brand officer, effective January 20. She was most recently global head of marketing for Uber Eats. Previously, Neuburger spent 14 years at Nike, most recently serving as the company’s global vice president of Nike Running.

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