SGB Update Apparel
CNBC/NRF Retail Monitor Reveals April Easter/Spring Break Boost
Growth in the Clothing, Footwear and Accessories store sector accelerated from the March trend, and the sector that includes Sporting Goods stores was up 9.2 percent y/y unadjusted in April after a strong 6.6 percent y/y gain in March.
HanesBrands Reiterates FY Outlook as Q1 Tops Targets
After reporting better-than-expected first-quarter results, HanesBrands Inc. reiterated its full-year 2025 guidance, which includes its expected impacts from U.S. tariffs. U.S. sales decreased 1 percent while international sales slid 2 percent but gained 4 percent on a constant-currency basis
Coleman, Marmot Parent’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered the debt ratings of Newell Brands Inc., parent of Coleman, Marmot, Ex Officio, Stearns, Bubba and Contigo and other consumer brands, due to the company’s exposure to weakening discretionary demand for its products and incremental costs from announced tariffs.
Costco April Comps Grow 6.7 Percent x-Gas; E-Commerce Up High Teens
Costco Wholesale Corporation reported net sales of $21.18 billion for April, the four weeks ending May 4, 2025, an increase of 7.0 percent from $19.80 billion in 2024.
Fleet Feet Chicago Opens Ninth Chicagoland Store
Fleet Feet Chicago opened its first Chicagoland store in 1996. The Algonquin store marks the ninth Fleet Feet Chicago network store, owned and operated by Dave and Lisa Zimmer.
Rossignol Group Names Adam Ketcheson Chief Commercial Officer
The addition of Ketcheson, effective June 2, is expected to accelerate Rossignol’s international omni-channel deployment and contribute to its multi-season, multi-sport strategy.
NRF Chief Economist: Top-Line GDP Figures Overstate the Weakness in the Economy
The NRF reported private final sales to domestic purchasers, a measurement that focuses on consumer and business spending, were up 3.1 percent following a 2.2 percent gain in the prior quarter, suggesting a relatively steady pace of growth.
Revolve Group’s Earnings Jump On Double-Digit Sales Gains
The online fashion retailer reported a sharp uptick in adjusted operating earnings in the first quarter due to a 10 percent increase in sales and better cost controls.
Unrivaled Sports Reports $120M Investment Led by Dick’s Sporting Goods
The youth sports platform, led by former Nike COO and CFO Andy Campion, received a $120 million investment led by Dick’s Sporting Goods. Other participants included Miller Sports + Entertainment, Dynasty Equity, LionTree, and The Chernin Group.
Branwyn Appoints Deanne Buck CEO; Sarah Cumming Chief Financial & Ops Officer
Buck succeeds outgoing CEO Jeff Shafer as he and Co-Founder Lauren Shafer transition into advisory roles. Joining Buck on the leadership team is Sarah Cumming, who has been appointed chief financial and operations officer.
S&S Activewear Adds Marmot and Vineyard Vines to Customizable Brand Portfolio
Marmot bolsters the S&S Activewear’s presence in the performance and outdoor category with a line of technical outerwear and gear built for serious conditions.
Dick’s to Open First House of Sport in Cherry Hill, New Jersey
Dick’s plans to open the store in New Jersey’s Cherry Hill Mall in 2026. The retailer plans to open 16 House of Sport stores in 2025 with a goal to have between 75 to 100 locations nationwide in operation by the end of 2027.
Dunham’s Sports to Open First Store in New Mexico
The Michigan-based sporting goods retailer, is expected to open the Santa Fe store at the end of 2025, in a 60,000-square-foot space once occupied by the bankrupt Conn’s HomePlus.
Golden Goose Initiates Bond Sale to Refinance Debt
The luxury Italian sneaker maker plans to sell €480 million ($543 million) of bonds to refinance debt, with the option to buy the notes back should it successfully revive plans for an initial public offering over the next year,
ThredUp Lifts Guidance on Q1 Beat
The resale platform raised its targets for sales and earnings for the year after reporting first-quarter results that topped estimates. Sales grew 10 percent in the first quarter.
