SGB Executive Apparel
Nike Acknowledges Diversity Shortfalls In FY16/17 Sustainability Report
In the company’s just-released FY16/17 Sustainable Business Report, Nike Inc. stated that leadership representation for women globally and underrepresented minorities (URM) in the U.S. “have not evolved as fast as we would have liked” since the company’s last sustainability report arrived in 2016. The report also lists an extensive number of steps Nike is taking to improve diversity and inclusion efforts.
Fanatics To Make Nike Jerseys For NFL Fans
Mirroring the company’s upcoming MLB partnership with Under Armour, Fanatics secured the rights to make NFL jerseys and related merchandise under the Nike logo. For the NFL, aligning with Fanatics promises to significantly expand revenues with Fanatic’s expanding capabilities around on-demand production.
TJX Attracting Millennials, Gen-Z Through Digital & Traditional Means
The TJX Cos. Inc.—parent of Sierra Trading Post, T.J. Maxx, Marshall’s, HomeGoods and others—believes the company’s myriad of brands can reach the next generation of shoppers by strategically combining digital and traditional offerings.
LL.Bean Chairman Urges UNH Grads To Lead ‘Adventure-Filled” Lives
In his commencement address for the University of New Hampshire’s 2018 graduating class, Shawn Gorman, L.L.Bean’s chairman, called the outdoors “a critical antidote to this hyper-competitive, hyper-stressed, tech-driven world we live in.” While technology powers the world in wonderful ways, “it will never fill your soul like a sunrise in the mountains,” he said.
Ellison Leaves J.C. Penney At Precarious Time
Shares dropped sharply at J.C. Penney Co. Tuesday with the announcement that Chairman and CEO Marvin Ellison would be leaving the retail giant to take over as the CEO of Lowe’s, effective July 2.
Kohl’s Delivers Blow-Out Q1 On Active Strength
Led by 10 percent comp growth in its active assortments, Kohl’s Inc. reported first-quarter earnings that easily topped Wall Street’s targets and lifted its guidance for the year. Nike, Under Armour and Adidas led the active gains and the department-store operator is planning a 30-store test that will see square footage dedicated to active expand by 40 percent.
The Running Event Has A New Owner
Oakley Dyer, corporate vice president, strategy & corporate development, Diversified Communications, told SGB Executive, “We always look for industries that have a need for face-to-face interactions for buyers and sellers as well as a need for content and education. The Running Event and Running Insight fit this perfectly.”
U.S.-China Trade War ‘On Hold’ … But Should Companies Remain Wary?
The looming trade war with China that dominated headlines all spring and forced U.S. companies to fear heavy tariffs on their imports is now on hold. But is it really?
Nike’s COO Eric Sprunk Urges Montana Grads To ‘Have A Bias For Action’
Standing in as the commencement speaker for the 2018 graduating class of the University of Montana, Eric Sprunk, Nike Inc.’s COO and former UM alum, urged graduates to “be somebody who actually does something,” “continue learning the rest of your life” and “fail forward.”
Macy’s, Dillard’s Lead Department Store Performance In Q1
Department stores have seen diverging performances in the first quarter. Of the stores that reported earnings in the past week, Macy’s and Dillard’s exceeded Wall Street expectations on income and revenue, while Nordstrom improved income and revenue but missed on comparable sales and J.C. Penney stumbled.
Aisle Talk Week Of May 14
Top headlines from the active lifestyle industry you may have missed this week.
Boot Barn Tops Guidance On Double-Digit Comp Growth
Boosted by significant improvement in the retailer’s ladies business and the roll out a new performance-boot platform, Boot Barn reported same-store sales grew 12.1 percent in the fourth quarter ended March 31 while earnings came in well ahead of guidance.
Patagonia CEO: Public Lands Stance Having ‘Positive Effect On Business’
Patagonia CEO Rose Marcario has again spoken out in defense of her company’s campaign against the current administration’s attack on public lands, telling the popular podcast Recode Decode the stance has had a “positive effect on business” and that Patagonia is poised to have its “best [sales] year ever.”
Fanatics Hires Joe Bozich As First COO, Fanatics Brands
Fanatics Inc, has hired Joe Bozich, founder of Knights Apparel, as the first ever COO of Fanatics Brands, the company’s in-house apparel division, as the company continues ramp up vertical-manufacturing capabilities. In an interview with SGB, Fanatics Brands President Raphael Peck said Bozich will particularly focus on wholesale execution.
Champion Projected To Reach $2B In Sales By 2022
At the company’s Investor Day Meeting on Tuesday, HanesBrands’ officials set a goal of having Champion’s global sales reach more than $2 billion by 2022, up from $1.4 billion in 2017. The growth is expected to driven by expanded lifestyle offerings driven by its newfound cachet in fashion circles, aggressively expanding direct-to-consumer and expanding Champion’s geographic reach.
