Category: Apparel

Salewa North America Appoints Drew Saunders As Country Manager

November 6, 2018 SGB Update

Salewa North America, which operates the Dynafit, Salewa, Wild Country and Pomoca brands in the U.S. and Canada, has announced promotions within its North American leadership team—Drew Saunders has been named country manager, while Ross Herr was named sales and marketing manager

DSW, Authentic Brands Group Complete Acquisition Of Camuto Group

November 6, 2018 SGB Update

DSW Inc. on Tuesday said it has completed its previously announced acquisition of the operations of Camuto Group, the product design and brand development organization best known for the successful Vince Camuto brand and the footwear licenses of Jessica Simpson and Lucky Brand.

Under Armour Faces #MeToo Moment

November 6, 2018 SGB Update

Under Armour in a letter to employees vowed to shore up its culture after the Wall Street Journal came out with an extensive report on years of sexual misconduct at the firm, including a past practice of letting employees expense strip club visits.

Fanatics Terminates Nascar Deal

November 5, 2018 SGB Update

Fanatics has terminated its ten-year trackside sponsorship deal with Nascar six years early as a result of low race attendances, according to a report from Sports Business Daily.

Retail Reports Roundup

November 5, 2018 SGB Executive

Retail studies arrived on increasing rates of discretionary spending online, online personalization disappointing consumers, disconnects around consumers pricing perceptions, unplanned absence creating selling floor shortages, and rewards members desire for cash.

Clarus Raises EBITDA Margin Outlook On Record Sales In Q3

November 5, 2018 SGB Update

Clarus Corp. on Monday raised its EBITDA margin outlook to 9.5 percent from 8.5 percent after the company reported sales for the third quarter ended September 30 jumped 22 percent to a record $55.7 million, which also beat Wall Street targets by $2.5 million.

Asics Sees 8 Percent Q3 Sales Drop In The Americas

November 5, 2018 SGB Executive

Asics Corp. reported an operating loss in its American region of ¥398 million ($3.5 mm) in the third quarter as sales declined 8.1 percent. Companywide, Asics slashed its earnings guidance for the year as it also saw a steep decline in profits in the Europe and a modest decline in Japan.

361 Degrees Launches Retail Racing League

November 5, 2018 SGB Update

Kicking off mid-2019, the league will be comprised of teams from run specialty retailers who will compete at local races over an eight-month period to win the opportunity to run the final race in early 2020 and take home the coveted $50,000+ prize purse.

Asics Slashes Guidance On Weak Nine-Months Results

November 5, 2018 SGB Update

Asics significantly lowered its outlook for the year after reporting a steep decline in profits in the nine months on a 4.7 percent revenue decline. The Americas region showed a loss in the nine months on a 17.8 percent sales drop.

Newell Brands’ Turnaround Plans Gaining Traction

November 2, 2018 SGB Executive

Shares of Newell Brands Inc. rose 14.5 percent Friday after the consumer-goods conglomerate reported adjusted earnings in the third quarter exceeded expectations as its turnaround efforts made some progress. The full-year EPS outlook was lifted for the year. Coleman’s sales were impacted by lost distribution at a key U.S. retailer. 

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