SGB Update Apparel
Academy Sports Opens Five Stores
Academy Sports + Outdoors has opened five new stores in the fourth quarter in Russellville, AR; Seguin, TX; Fort Wayne, IN; El Paso, TX; and New Braunfels, TX. With the addition of these stores, Academy will have opened 24 new locations by the end of fiscal 2025.
St. Louis’ Arch Apparel Closes Last Store Location
Arch Apparel, the St. Louis, MO-themed streetwear retailer, closed its last store at Ballpark Village in downtown St. Louis, but will continue to sell online.
PVH Corp. Announces CFO Transition
PVH Corp., the parent of Calvin Klein and Tommy Hilfiger, announced that Zac Coughlin, chief financial officer, will be departing the company to pursue an opportunity outside of the retail and apparel industry. Coughlin will remain with PVH through the end of the calendar year.
ThredUp Appoints Financial Executive to Board
The resale platform appointed Kelly Bodnar Battles to its Board of Directors, effective December 1. Bodnar has served as chief financial officer for several companies, including Alpha Medical, Quora, Bracket Computing, and Host Analytics, and held executive roles at Cisco Systems and Hewlett-Packard.
Study: Sporting Goods Shoppers Prefer Multi-brand Retail
The National Sporting Goods Association (NSGA) released the findings from its Shopper Playbook Study, which found that 79 percent of those surveyed favor shopping at multi-brand sporting goods stores when buying sporting equipment over those retailers that offer only one brand.
Jetty Hires Director of Wholesale Sales
Surf brand Jetty has hired Paul Harvey as senior director of wholesale sales. Harvey brings over two decades of industry experience to the role, having served as VP of Sales at O’Neill Clothing and Rip Curl.
Nike Reopens Downtown Portland Store with Run Focus
Nike, Inc. reopened its downtown Portland store in the historic Kress Building, following a refurbishment. The revamped layout focuses on running, with flooring that resembles track lanes.
ICSC Sees Uptick in Thanksgiving Weekend Spending
ICSC’s 2025 Thanksgiving Weekend Intentions Survey found that consumers expect to spend an average of $542 over the five-day period, November 27-31, up 2.5 percent from $529 last year. Millennials are expected to outspend all other generations, with an average spend of $764 per person.
Nike Ends Perk Giving Employees One Week Off For Wellness
Nike, Inc. has ended a program that gave employees an extra week off each year to promote mental health and wellness. Nike’s annual “Wellness Week,” which began in 2021, has been held each August.
Compass Diversified’s Lugano Subsidiary Files for Bankruptcy
Compass Diversified (CODI), the parent of BOA, Primaloft, 5.11, and Velocity Outdoor, reported that its jewelry subsidiary, Lugano Holding, Inc., has filed for Chapter 11 protection under the U.S. Bankruptcy Code. CODI said it continues to work constructively with lenders and bondholders to ensure flexibility as it finalizes its financial restatements and regains compliance with the Securities and Exchange Commission.
Circana Sees 2 Percent Growth In October U.S. Retail Revenue
Noticing U.S. continued consumer resilience “to demonstrate their resiliency and flexibility in navigating the challenges facing them,” Circana, LLC. reported U.S. retail dollar sales revenue grew 2 percent while unit demand remained flat during the four weeks of November compared to the same time in 2024.
Johnnie-O Opens West Palm Beach Store
Johnnie-O opened a new store at CityPlace in West Palm Beach, FL, the 14th branded store for the company and first standalone location in the city.
Saks Off 5th to Close Nine Stores
Saks Off 5th reported plans to close nine of its approximately 100 stores in early 2026 in Austin, TX; Chicago, IL; East Hanover, NJ; Niagara Falls, NY; Pittsburgh North, Plymouth Meeting, and Franklin Mall in Pennsylvania; Washington, D.C.; and West Hartford, CT.
Walmart CEO Doug McMillon Retiring, Succeeded by John Furner
Walmart, Inc. announced that CEO and President Doug McMillon will retire next year, following more than a decade at the helm. He will be replaced by U.S. Division Chief CEO John Furner, who has been with the retailer for over three decades.
Under Armour Splits with Stephen Curry; Raises FY Adjusted Operating Income Outlook
Under Armour and Stephen Curry have mutually agreed to end their 13-year partnership, effective immediately, as the company announced an expansion of its previously disclosed fiscal 2025 restructuring plan. Curry will maintain sole ownership of Curry Brand and is free to find another brand partner.
