SGB Update Apparel
Lululemon Founder Criticizes Retailer’s Succession Planning Steps
Chip Wilson, the founder of Lululemon and one of the company’s largest shareholders, in a press release again called for strategic changes at the retailer and criticized Lululemon’s board’s succession planning process following the announcement that CEO Calvin McDonald will step down at the close of the current fiscal year. Wilson said the succession planning […]
Costco’s Fiscal Q1 Profits Climb 11 Percent
Costco Wholesale Corporation reported net profits grew 11.3 percent in its fiscal first quarter ended November 23, topping Wall Street targets. Sales increased 8.2 percent, to $65.98 billion.
Lululemon Shuffling Seats in the C-Suite as CEO Plans Departure
Lululemon Athletica, Inc. announced that Calvin McDonald plans to step down as CEO and member of the company’s Board of Directors, effective January 31, 2026. The announcement comes as the retailer raised its full-year outlook after reporting third-quarter results that topped guidance, although comps in the Americas fell 5 percent, worsening from the 4 percent decline seen in the second quarter.
Calvin Klein Opens New Global Flagship Store in SoHo, New York City
As part of the opening, the store, located in Broadway in SoHo, will house a limited-edition capsule featuring tees, fleece sweatshirts, hats, and totes emblazoned with custom Calvin Klein Soho branding in navy, cobalt, grey, and white colorways.
Survey Finds 54 Percent of SMB Online Retailers Impacted by Tariffs
A survey of 170 U.S.-based small to medium-sized e-commerce business owners (SMB) found that over half (54 percent) made significant changes due to tariffs. Among all respondents, 39 percent raised retail prices, 29 percent shifted suppliers and 19 percent cut the number of products they sell.
Apparel & Footwear M&A Fell in 2025; Multiples Sink
Capstone Partners said in its latest report for December 2025 that the Apparel, Footwear & Accessories sector is expected to face a challenging near-term sales backdrop amid headwinds to consumer spending.
Manchester United’s Commercial Revenues Dip in Fiscal Q1
The professional football club based in Manchester, England, commercial revenue for the fiscal first quarter ended September 30 was £84.2 million ($113 mm), a decline of 1.3 percent over the prior-year quarter.
Tommy Bahama Parent Cuts FY Guidance on Tariff-Related Product Shortages, Promotional Climate
Oxford Industries Inc. reported a steeper loss than expected in the third quarter after absorbing an impairment charge for its Johnny Was business. The parent of Tommy Bahama and Lilly Pulitzer also reduced its EPS guidance for the year due f tariff-related shortages in key seasonal categories and a more promotional retail environment.
Authentic Brands Group Partners with Pattern Group to Drive Online Sales
Authentic Brands Group announced that it has selected Pattern Group, Inc. as its global e-commerce marketplace accelerator and TikTok Shop partner.
OrthoLite Appoints Country Manager in Indonesia
Marco Grott brings over three decades of international business management, supply chain management and innovation in footwear manufacturing, including the establishment of Tier 1 manufacturing facilities from Mexico to Vietnam to the role.
S&S Activewear to Close DC in Pennsylvania, Affecting 128 Jobs
The distributor of apparel and accessories across the U.S. and Canada is closing its distribution center in York County, PA, affecting 127 jobs. The closure, which began on December 4, is expected to take effect until April 1, 2026.
L.L.Bean to Open Eight Stores in 2026
L.L.Bean announced plans to open eight stores in 2026, including its first locations in Alabama and Tennessee. In 2027, it plans to add eight to 10 storefronts, including in new markets for the company in the Midwest and Southeast.
The Buckle Hires VP of Human Resources
The Buckle, Inc. named Ashley Andreas, a seasoned HR leader with experience at Bass Pro, Cabela’s, and Environmental Works Inc., as its new vice president of human resources.
Academy Sports and Outdoors Narrows Guidance on Profit Metrics Outperformance
The nationwide sporting goods retailer reported that earnings on an adjusted basis rose 9.6 percent in the third quarter, slightly ahead of analyst targets. Comparable-store sales dipped 0.9 percent, narrowing its sales and gross margin guidance on improving profit metrics.
G-III Apparel Raises FY Outlook as Q3 Exceeds Guidance
G-III Apparel Group ,Ltd. reported sales declined 9 percent in the third quarter due to its expiring Calvin Klein and Tommy Hilfiger licenses, but overall results came in better than expected, leading the outerwear and sportswear manufacturer to raise its outlook for the year.
