SGB Update Apparel

Outdoor Research Moving Seattle Headquarters, Flagship Store
Outdoor Research is moving its headquarters to a smaller, collaborative space in West Seattle while also relocating its flagship to a more central location in the city center.

Lululemon’s Chief AI and Technology Officer Departs
Lululemon Athletica, Inc. reported in a regulatory filing on Thursday, August 13, that Ranju Das has “ceased to serve” as the company’s chief AI and technology officer.

Dillard’s Q2 Earnings Boosted by Tariff Refunds, Sales Inch Up 1 Percent
Dillard’s, Inc. reported a sharp uptick in earnings in the second quarter ended August 1, thanks to a boost from tariff refunds. Sales in the quarter climbed 1 percent, led by strong gains in ladies’ accessories and lingerie offset modest declines in juniors, children’s apparel and ladies’ apparel.

Solo Brands Narrows Q2 Net Loss on Build Toward More Disciplined Company
Company CEO John Larson said April and May started the quarter on a strong note, though direct-to-consumer demand softened in June as consumers remained selective in their discretionary spending.

Fabletics Looks to Double Sales in Five Years, Accelerates International Openings
Fabletics, Inc., the membership-driven activewear brand, reported plans to “double its annual revenue to $2 billion and quadruple its EBITDA within five years, supported by the opening within the next twelve months of 25 stores in the U.S. and roughly 20 internationally.”

Alo Yoga Opens Online Store on Tmall
Los Angeles-based athleisure brand Alo Yoga has launched its first online flagship on Alibaba’s Tmall, preceding planned brick-and-mortar openings in China.

Active Brands Names Canadian Sales Manager
Active Brands has appointed Amber Nero as Canadian sales manager for Kari Traa and Dæhlie brands.

VibeIQ Raises $22.5 Million in Funding Round
VibeIQ, an AI-powered product decision and assortment lifecycle platform that has worked with New Balance, Converse and other fashouin brands, announced $22.5 million in growth financing led by Volition Capital.

Brooks Running Delivers 14 Percent Growth in First Half of 2026
Brooks Running delivered a reported 14 percent growth in the first half, supported by 9 percent year-over-year in the Americas. International markets accelerated further, up 39 percent in Europe, the Middle East, and Africa (EMEA) and 10 percent in Asia-Pacific (APAC).

Kontoor Brands Promotes HH Global Chief Joe Alkire to President and CFO
Alkire has served as a key member of Kontoor’s executive leadership team since joining the company in 2023 as EVP and CFO, playing an instrumental role in shaping its strategic and financial direction.

Kontoor Brands Raises EPS Outlook on Solid Q2 from Helly Hansen and Wrangler
Helly Hansen global revenue was $114 million in the second quarter. Sport revenue was $70 million and Workwear revenue amounted to $37 million in the quarter. Musto brand revenue was $7 million.

Citi Trends Sees Q2 Comps Expand 10.5 Percent
Citi Trends, Inc. reported preliminary results for the second quarter showing sales increased 10.9 percent to $211.6 million. Comparable store sales increased 10.5 percent year-over-year, or 19.7 percent on a two-year basis.

Target Appoints First Chief AI Officer
Target Corp. named Chandhu Nair as senior vice president and its first chief AI officer. He comes to Target from home improvement retailer Lowe’s, where he was the company’s senior vice president of stores, data, AI, and innovation. He was was also name senior vice president of user experience.

Mountain Equipment Appoints Rocky Mountain Rep
Mountain Equipment named Elliott Nolan and his High Route Ventures agency as its new sales rep for the Rocky Mountain region, covering Colorado, New Mexico, Utah, and Wyoming.

Report: Lululemon’s Chief Strategy Officer Departs
Lululemon Athletica Inc.’s chief strategy officer Rachel Acheson has left the company after more than 14 years with the retailer, according to a report from Bloomberg.









