SGB Update Apparel
January U.S. Retail Sales Rebound; Sporting Goods Up 6.9 Percent
U.S. retail sales jumped a seasonally adjusted 3 percent in January from December, the largest monthly increase in nearly two years after declines in the final two months of last year, the Commerce Department said Wednesday.
Fleet Feet Store Opens In Harrisburg
Fleet Feet opened its second location in central Pennsylvania this past week in Harrisburg, PA.
Neiman Marcus Undergoes Layoffs, Realigns Leadership Team
Neiman Marcus Group reported that it plans to lay off about five percent of its employees, or around 500 employees, as “part of a strategic realignment” while making changes to its leadership team.
Bass Pro Ramps Up Expansion With Plans For Three Openings
Bass Pro Shops reported plans to open three stores in Spring, TX; Niles, OH; and Clifton Park, NY.
Alo Yoga To Open First Store In Philadelphia
Alo Yoga, the Los Angeles-based athleisure brand, is opening a store at 1608 Walnut Street in Philadelphia.
Snipes And DJ Khaled Partner On New Concept Store
Snipes has partnered with rapper DJ Khaled on a new concept store—We The Best Snipes—located on Collins Avenue in Miami, FL
Decked Hires Mountain Sports Manager
Decked hired Scott Hibbert as director of community marketing and mountain sports manager. Hibbert brings 15 years of marketing experience to support the brand’s growth.
Oboz, Rip Curl Parent Sees Strong Double-Digit Growth In Fiscal H1
KMD Brands Limited, the New Zealand-based parent company to the Kathmandu, Oboz and Rip Curl brands, reported that sales momentum has continued into its fiscal second quarter ended January 31, resulting in “record first-half sales.”
OIA Climate Action Corps Releases Study On Decarbonizing Textiles Sector
Burton, New Balance, Patagonia, REI Co-op, and Gore’s Fabrics Division, five members of OIA Climate Action Corps., and OIA have released the results of a joint-commissioned study regarding the feasibility of electrifying the textile and apparel industry.
Under Armour Debt Rating Outlook Lowered
S&P Global Ratings revised its outlook on the debt ratings of Under Armour to stable from positive as the company’s operating performance has weakened, leading S&P to expect soft demand and margin pressure to last longer than previously anticipated.
Report: Online Prices Fall For Fifth Consecutive Month
According to data from Adobe’s Digital Price Index, online prices in January 2023 fell 1 percent year-over-year, the fifth consecutive month of year-over-year declines. Half of the 18 categories tracked by Adobe saw falling prices year-over-year.
Esprit To Open New York HQ Amid Relaunch
Esprit will open its global creative headquarters in New York City to support the company’s planned relaunch in 2023.
Alo Yoga Opens Virtual Store
Alo Yoga opened a virtual store offering digital styling services where customers can browse the brand’s collections, customize outfits and view selected videos from the company’s Moves workout platform.
Dick’s House Of Sport To Open In Scranton
Dick’s Sporting Goods and Field & Stream store in the Viewmont Mall in Scranton, PA, closed its doors with plans to convert the space to a Dick’s House Of Sport.
Outdoor Cap Names Head Of Customer Experience
Michelle Thomas has joined Outdoor Cap as the new head of customer experience.
