SGB Executive Apparel
EXEC:Beyond Yoga Parent Sees Active Athleisure Brand as Billion-Dollar Bet
Levi’s CEO said the company is excited to open its first Beyond Yoga East Coast store in Connecticut later this year and remain confident about the prospects for Beyond Yoga to one day become a billion-dollar brand.
EXEC: Inside the Improving Vans Performance and Turnaround Story
Sharp declines in Asia heavily impacted the 8 percent decline for the Vans brand in Q3 but also represented an improvement against the year-to-date period that saw reported sales down 13 percent in constant-currency terms.
EXEC: VF Corp. CEO Hints at More Cuts Ahead While Improving Processes
Bracken Darrell said the company is already working on process and organizational changes that will contribute to unlocking another $500 million to $600 million in operating income expansion, with half of that coming from SG&A expenses alone.
EXEC: VF Corp. Sees Global Strength From TNF and Timberland; Vans Improves
The parent of the Vans, The North Face, Timberland, Smartwool, Jansport and Dickies active lifestyle and street lifestyle brands, reported Wednesday that it beat third-quarter revenue and profit estimates.
EXEC: Golden Goose Group Snags Minority Investment from Hong Kong Firm
The transaction with Blue Pool Capital, which was negotiated and agreed shortly after the Group’s decision to postpone its planned IPO in June 2024, was completed on January 28, 2025.
Bain & Co. Releases 2025 Retail Forecast, Outlines Key Initiatives for Retailers
Bain suggests in its report that retailers face a pivotal moment in 2025. The firm said that for retailers to thrive in 2025 it will require fresh strategies around emerging technologies, customer loyalty, operations, and adaptation.
EXEC: REI Greensboro Employees Unionize; SoHo Ski Workers Get PPE Agreement
RWDSU said in a statement that REI Greensboro workers first began organizing in the wake of REI’s October 2023 round of layoffs, which cut the jobs of 275 of “the most experienced workers.”
EXEC: Kappa Retail Stores in China Moderate Decline in Fiscal Q3
Same-store sales for the Kappa-branded stores, which have been in operation since the beginning of the same quarter last year, were down in high-single-digits on a year-over-year basis.
EXEC: Saucony Posts 60 Percent Retail Growth in China
MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
The company said in its preliminary report that the total sales result was driven by improving trends in the direct-to-consumer channel for all brands. Wholesale sales have taken longer to recover and continue to decline year-over-year.
EXEC: Brendan Hoffman Takes Helm at Vince Holding Corp. Through New Venture
The new venture, P180, was Co-Founded by Christine Hunsicker, founder and CEO of CaaStle, Inc., and Brendan Hoffman, the former CEO of Wolverine Worldwide, Vince, Bon Ton, Lord & Taylor, and other luxury retail brands.
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning, January 23, after the company’s pre-announcement of 2024 fourth quarter and full-year results caused a stir overnight.
EXEC: ISPO Group Shuffles Show Leadership After Tobias Gröber Sets Departure
The ISPO Group expects limited disruption as Exhibition Director Lena Haushofer and her team assume Gröber’s responsibilities, with Christoph Rapp, head of Sales and Marketing, and Saskia Rettenbacher, head of Event Management.
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
For the foruth quarter, Puma reported that preliminary sales increased 15.5 percent on a reported basis to €2.29 billion. The company saw sales growth of 9.8 percent on a currency-adjusted (ca) basis for the quarter.
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
Laughton, a former REI Board Director and seasoned retail leader, will join REI as president on February 3, 2025, before assuming full CEO responsibilities on March 31.
