SGB Update Apparel
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.
KTB Increases Helly Hansen Outlook; Sees Brand Adding $50M to 2025 Cash Flow
Kontoor Brands, which agreed to acquire Helly Hansen in February, slightly lowered its sales outlook for the year as first-quarter sales missed Wall Street’s targets due to flat sales in its core denim business, comprising of Wrangler and Lee. The firm kept its EPS guidance although it expects a $50 million negative impact on operating income from recently enacted changes in tariffs not yet included in the updated guidance.
The Lycra Company Promotes Melissa Riggs to Chief Marketing Officer
Riggs brings over two decades of brand-building experience in consumer packaged goods and the apparel and footwear industries to her new role, including experience with the Gore-Tex brand.
Duluth Trading Outlines Inducement Grant Agreement with New CEO
The company granted a total of 1,759,532 shares of Class B common stock to the new chief executive pursuant to the terms of the Inducement Stock Award Agreement and the Inducement Restricted Stock Award Agreement.
REI Co-op Appoints New Chief Financial Officer
Shannon Damen joins the company from Gap, Inc., where, most recently, she was the global head of real estate and held roles as chief financial officer and chief commerce & experience officer at Athleta.
Nike, Inc. Names Amy Montagne Nike Brand President as Heidi O’Neill Retires
Amy Montagne was named president, Nike Brand; Phil McCartney appointed EVP and chief innovation, design & product officer; Nicole Graham appointed EVP and CMO; and Tom Clarke named chief growth initiatives officer.
Puma Plans to Move London HQ to Manchester
The 20,000-square-foot space will house Puma sales, marketing, merchandising, finance, operations and direct-to-consumer departments.
Kohl’s BOD Terminates New CEO for Cause; Forecasts Q1 Comps Down in Mid Singles
Multiple sources are publishing that Buchanan was terminated after an investigation found that he violated the retailer’s code of conduct by entering into a “highly unusual” business deal.
Stio Promotes Four Employees, Hires an Associate Creative Director
The company has promoted Sarah Raff to VP of operations, Liz Barrett to senior director of brand marketing, Stirling Cobb to product marketing director, and Chris Ragusa to director of customer experience. John Brown joins Stio as an associate creative director.
Repreve Maker Unifi Sees Stronger Fiscal Q3 Americas Business as Asia Weakens
Unifi’s results for the third quarter were in line with expectations, driven by an improved performance in the Americas segment due to the positive traction the company experienced with the growth in its Central America business.
Authentic Brand Group Inks Sock License for Tapout Brand
Grey Matter Concepts will manufacture and distribute Tapout-branded socks across the U.S. and Canada. Authentic plans to launch the first collection through select retailers and online timed with the Holiday 2025 shopping season.
Liberated Brands Europe Acquired by OneTurn S.A.S.
OneTurn S.A.S., a company newly formed by members of Liberated’s leadership team — CEO Joost Grootswagers and COO Antoine Lanusse — will continue to “preserve and grow the business independently.”
Coleman, Marmot Parent Sees Q1 Outdoor & Rec Segment Slide 9.1 Percent
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported that its Outdoor & Recreation segment suffered another sales decline in the first quarter, although profitability improved.
Report: Decathlon Plans Sale of 30 Percent Stake in China Business
The potential sales comes as Decathlon announced in March that Javier López, who had previously led Decathlon’s value chain, was appointed CEO, replacing Barbara Martin Coppola who had served in the role since March 2022.
Gildan Activewear Takes Q1 Hit from UA Licensing Business Exit; Activewear Grows
Hosiery and Underwear sales were $64 million, down 38 percent year-over-year, mainly owing to the phase-out of the Under Armour business, unfavorable mix within this category, and continued broader market weakness during the quarter.
