SGB Update Apparel
Levi Strauss & Co. Sees Nice Tariff Lift in Fiscal Q3; Beyond Yoga Climbs HSD
Increased bottom-line guidance includes the impact of IEEPA tariff refunds of which the company is redeploying approximately $60 million for the full year, including approximately $35 million for the fourth quarter.
Fleet Feet Appoints Jason Jabaut President, Expands Exec Team
Fleet Feet officially named Jason Jabaut, a 20-year veteran of the running store franchisor, as president while also announcing several promotions and new hires within tech areas to build out its leadership team. As president, Jabaut will lead marketing & digital, vendor management and franchise operations.
Tersus Solutions Appoints General Manager of Fire and PPE Cleaning Services
Tersus Solutions named Chris Chambers general manager of fire and PPE cleaning services, effective immediately. Previously, Chambers was at Shur Sales and Marketing, a manufacturer’s rep firm focused on the fire service and first responder industry.
ICSC Survey Sees Consumers Focusing on Value and Experiences this Holiday Season
The trade association human experience remains a core part of holiday shopping, and retailers that transform a simple errand into an outing or a memory are most likely to capture consumer dollars this season and beyond. Growth in sales is forecast between 4.3 percent and 4.9 percent this year.
ONDO Acquires Hong Kong’s Champion System
ONDO, best known for its signature No Show Socks, has acquired Champion System, the maker of custom apparel for cycling, triathlon, running and team sports. The deal is ONDO’s first acquisition and represents the company’s first step toward building a broader portfolio of performance brands.
Spyder to Open Store at Mall of America
The ski apparel brand owned by Authentic Brands Group is preparing to open a store at Minnesota’s Mall of America, representing its first full-price store.
Nike Canada GM Takes Japan VP/GM Role
Nike Inc. has appointed Michael Hunter, former general manager (GM) of Nike Canada, as VP and GM, Nike Japan
S&S to Open New Distribution Center in Phoenix
S&S, formerly S&S Activewear, plans to open a new 500,000-square-foot distribution center in the Phoenix metro area, marking its latest investment to modernize its North American footprint. Slated to begin operations in late summer 2027, the fully automated facility will expand S&S’s capacity across the West and Southwest.
Delaware’s Al’s Sporting Goods to Close
Al’s Sporting Goods in downtown Wilmington, DE, will close in December after 91 years in business. Owner Bob Hart is retiring.
L.L.Bean to Open Ann Arbor Store in Mid-October
L.L.Bean is scheduled to open a new 20,000-square-foot store at the Briarwood Mall in Ann Arbor on October 16. The location is the second L.L.Bean physical retail location in Michigan, following the store at The Mall at Partridge Creek in Clinton Township.
Nike’s Debt Ratings Downgrades on “Protracted” Turnaround, Cash Flow Declines
S&P Global Ratings lowered its debt ratings on Nike because its business turnaround is now expected to take “significantly longer” than the rating agency’s forecast, resulting in “sharply lower” revenue, profit, and cash flows over the next 24 months than previously assumed.
Centric Brands Appoints EMEA VP of Sales, Under Armour
Centric Brands appointed Dan Moneypenny, formerly of Footasylum and Castore, as VP of sales for its Under Armour business in the EMEA region.
Parkdale, Inc. Subsidiary Acquires Full Ownership of Ciclo Technology
Ciclo technology is said to address the issue of microplastic fiber shedding at the fiber level during manufacturing, use and care, and end-of-life when products fall outside collection and recovery systems.
Alo Yoga Opens First Store in Greater China
Alo Yoga opened its first physical retail spaces in Greater China, launching a massive flagship in Hong Kong and its first mainland China pop-up experience in Shanghai.
Fabletics Opens First Store in India
Fabletics opened its first-ever retail storefront in India through a partnership with Reliance Brands Limited. Fabletics operates 137 stores globally, including 126 in the U.S.
