Category: Apparel

SGB Executive Q&A: Progression Brands Group’s Ian Widmer

August 21, 2018 SGB Executive

Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.

TJX Raises Full-Year Guidance On Strong Q2

August 21, 2018 SGB Update

Apparel and home fashions retailer The TJX Cos. Inc. raised the company’s full-year guidance after reporting net sales for the second quarter ended August 4 increased 12 percent to $9.3 billion. Consolidated comparable store sales increased 6 percent over the comparable period last year ending August 5, 2017.

Kohl’s Q2 Earnings Vault 40 Percent

August 21, 2018 SGB Update

Kohl’s Corp., reported net earnings in the second quarter ended August 4 rose 40 percent on a 3.1 percent comp gain and 42 basis points improvement in gross margins. The department store operator lifted the company’s guidance for the year.

Industry Rallies Against Proposed Tariffs On China-Made Goods

August 21, 2018 SGB Update

Officials from the Sports & Fitness Industry Association (SFIA) and Outdoor Industry Association (OIA) testified in strong opposition to proposed tariffs on Chinese-made sports, fitness and outdoor products. The officials stated that the proposed tariffs would likely raise prices for consumers and lead to job losses while also stressing how essential sports and outdoor products are in supporting healthy and active lifestyles.

Analyst Sees Nike Taking Share From Adidas And Others

August 20, 2018 SGB Executive

Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.

Retail Reports Roundup

August 20, 2018 SGB Executive

Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.

L.L.Bean Exec Joins Furniture Maker

August 20, 2018 SGB Update

Brad Kauffman, SVP of business transformation and strategy at L.L. Bean, has joined Thos. Moser, maker of handcrafted American furniture, as the company’s new chief revenue officer.

Nike To Sponsor Alabama A&M

August 20, 2018 SGB Update

Alabama A&M’s athletic department has joined an apparel partnership with Nike and BSN that begins during the 2018-19 athletic seasons.

Agenda And Liberty Fairs Announce Move

August 20, 2018 SGB Update

Agenda and Liberty Fairs announced plans to move out of the Sands Expo and Convention Center on the Las Vegas Strip to downtown Las Vegas, starting in February 2019. Adjacent to the up-and-coming Arts District, downtown Las Vegas “is the ideal home for the shows to continue to break the mold of a conventional trade show model to offer stand-out events, unique activations, and an overall elevated experience without limits,” according to a statement.

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