SGB Update Apparel
U.S. Consumer Confidence Dips To Lowest Level Since July
According to the Conference Board, U.S. consumer confidence dropped in April to the lowest since July on more pessimistic views about the economic outlook, even as current conditions improved.
Dick’s SG Closing Store In Knightdale, NC
Dick’s Sporting Goods is closing its store in Knightdale, NC, by May 20. The retailer opened the store in 2008.
Outdoor Apparel Company SheFly Rebrands As Gnara
Outdoor apparel company SheFly reportedly rebranded as Gnara. Part of the reason may be because Turkey-based Melik Tenstil Group is using the Shefly brand name to sell its fashion apparel at wholesale prices.
Gazelle Sports Opens Seventh Store
Gazelle Sports, based in Grand Rapids, MI, opened its seventh store in Grandville, MI. The 2,300-square-foot store is located at 4499 Ivanrest Avenue, SW.
Puma’s Q1 Sales Dip In Americas Region On Inventory Overhang
Puma SE reported Q1 sales in the Americas region declined 0.8 percent on a currency-neutral basis as wholesale revenues declined, particularly in off-price channels, due to elevated inventories in the marketplace. Overall earnings were down slightly as margin and cost pressures offset a 14 percent gain in sales.
Craft, Cutter & Buck Parent Shows 20 Percent Q1 Revenue Gain
New Wave Group AB, the parent of Craft and Cutter & Buck, reported profits rose 44.8 percent in the first quarter ended March 31 on a 20 percent sales gain.
Sherpa Adventure Gear And Artilect Brands Get New U.S. Sales Director
Bradshaw Taylor hired Emily McKissock as director of U.S. sales for Artilect and Sherpa Adventure Gear.
Black Diamond Names VP Of North American Sales
Black Diamond Equipment, Ltd. hired Heath Christensen as vice president of North American sales, reporting to Neil Fiske, brand president, effective immediately.
Jack Wolfskin Signs With Irish Distributor
Jack Wolfskin based in Idstein near Frankfurt, Germany, has entered into a partnership with Bleubird to see the Belfast-based outdoor lifestyle equipment distributor and brand exclusively represent Jack Wolfskin in Ireland and Northern Ireland, effective immediately.
JD Sports Appoints Two New Board Directors
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, appointed Angela Luger and Darren Shapland as non-executive directors, effective June 1. Lauger joins JD Sports Remuneration Committee and Shapland its Audit and Risk Committee also effective June 1.
Dick’s SG Completes Redemption Of Convertible Notes
Dick’s Sporting Goods, Inc. said in a regulatory filing it completed the conversion and redemption of its outstanding 3.25 convertible senior notes due 2025 and expected to reduce its annual interest payments by approximately $1.9 million.
Academy Sports + Outdoors To Open First Store In Peoria, IL
Academy Sports and Outdoors, Inc. reported it will open its first location in Peoria, IL, this summer; this is the second location in Illinois, set to open in Grand Prairie Plaza. The floor space covers over 60,000 square feet.
Gymshark’s Fiscal 2022 Profits Slide On Higher Costs
Gymshark, the UK-based activewear brand, reported pre-tax profits fell 39 percent in its fiscal year ended July 31, 2022 as higher costs offset a 21 percent gain in sales, led by robust U.S. growth.
Canada Goose Makes Five Appointments To Leadership Team
Canada Goose reported making five appointments to its leadership team, effective immediately. Matt Blonder was hired as chief digital officer, Juliette Streichenberger was tapped as president of CGAG and the EMEA, Ana Mihaljevic was named head of global stores in addition to her role as president of North America, Daniel Binder moved from an interim position to chief transformation officer and EVP, sales operations and planning, and Patrick Bourke was promoted to SVP of strategy and corporate development.
Lululemon Promotes Two To EVP Positions
Lululemon promoted two members of its senior leadership team to EVP positions. Susan Gelinas was named chief people and culture officer, and Shannon Higginson was appointed chief legal and compliance officer.
