SGB Update Apparel
Cap America Acquired by Founders’ Sons
Cap America announced the purchase of the company by Jon Page and Cory Cissell, sons of Founder and long-time Owner/Operator Phil Page, who has led the business for the past 40 years.
Report: Mammut Owner Explores Sale
Jacobs Capital is exploring a sale of Mammut Sports Group AG, seeking more than €500 million ($584 million). Houlihan Lokey has been retained as financial advisor.
Nike SoHo Flagship Closes After 10 Years
Nike’s flagship in SoHo, lower Manhattan, closed on December 10 after opening with major fanfare in 2016. As reported, the building was acquired by Inka Group, the parent company of IKEA, for $213 million.
Urban Outfitters Posts 9 Percent Comp Growth for Two-Month Holiday Period
The parent of the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands reported total company net sales for the two months ended December 31 increased 9 percent compared to the two months ended December 31, 2024.
Citi Trends Reports 9.3 Percent Comp Sales Growth for Holiday Period
The U.S. off-price value retailer of apparel, accessories and home trends focused primarily on African American customers saw a two-year stack of 16.4 percent comp sales growth for the holiday selling period.
Lululemon Expects Fourth Quarter Revenues and EPS at High End of Prior Guidance
Lululemon Athletica, Inc. now expects net revenue and diluted earnings per share for the fourth quarter of fiscal 2025 to be toward the high end of its previously guided ranges.
Zumiez Posts 6.5 Percent Growth for U.S. Holiday Comps; International Comps a Drag
Zumiez, Inc. upwardly adjusted its EPS guidance for the fourth quarter but pulled back its previous net sales guidance for the period, based on performance in the international markets during the nine-week holiday period ended January 3.
Boot Barn Reports Strong Preliminary Fiscal Q3 Results as E-Commerce Jumps
Overall, same-store sales growth was ~5.7 percent in the fiscal third quarter ended December 27, with retail store same-store sales growth of ~3.7 percent and e-commerce same-store sales growth of ~19.6 percent for the 13-week holiday period.
Macy’s Closing 14 Stores
Macy’s announced plans to close 14 stores as it continues to shrink its store base. Most of the affected locators are expected to close during the first quarter of 2026.
Big 5 Closing Eight Stores in Arizona, Idaho and Colorado
Big 5 Sporting Goods, which went private in an early October sale, has closed or plans to close two stores each in Arizona and Idaho, and four stores in Colorado, according to local reports.
Consumer Confidence Improves Again in January
The U.S. Consumer Sentiment Index improved by 2.1 percent in January compared to the previous month, coming in above analysts’ expectations, according to a preliminary report released by the University of Michigan. However, the figure plunged by 24.7 percent on an annual basis.
L.L.Bean Names CRO Greg Elder as Next Company President & CEO
Elder will begin to transition into the role in the first quarter as the company wraps its fiscal year in late February. Outgoing CEO Steve Smith will remain on board in an advisory capacity through March. Smith and Elder have worked closely together during the past decade as Elder held the VP, stores; VP, retail; and the CRO positions.
SFIA Re-Elects Mike Zlaket as Chair; Adds Four New Board Members
The Sports & Fitness Industry Association (SFIA) re-elected Mike Zlaket, vice chairman of Rawlings Sporting Goods, to a second term as chairman, and elected four new board members.
New Balance Hires Former Frasers Group Exec to Lead EMEA Sales
New Balance has appointed Ger Wright, former managing director of Sport at Frasers Group, as its VP of Sales for the EMEA region. Wright has 25 years of retail experience.
Authentic Brands Group Expands Eddie Bauer Partnership with Outdoor 5
Authentic, owner of Eddie Bauer, expanded its partnership with longtime licensee Eddie Bauer Outdoor 5, LLC (Oved) to manage e-commerce and wholesale operations, design, and product development for Eddie Bauer in North America, focusing on digital growth, while Catalyst Brands will continue to operate Eddie Bauer’s retail and outlet stores across North America.
