SGB Update Apparel
G-III Apparel Tops Q2 Adjusted EPS Guidance with Sales Up HSD Excluding Tommy and Calvin
The outerwear maker and sport licensee reported a slight increase in Adjusted earnings in the second quarter ended July 31, just ahead of guidance, due to improved gross margins. Sales fell 10 percent and were below guidance, with the decline reflecting the loss of the Calvin Klein and Tommy Hilfiger licenses.
Bass Pro to Close Store in East Memphis
Bass Pro Shops is closing its store in East Memphis after 24 years in operation in a rare store closing for the retailer.
Randa Acquires Untuckit Menswear Brand
RRanda Apparel & Accessories (Randa) has entered into a definitive agreement to acquire the Untuckit menswear brand and operations.
SGB Media Closed for Labor Day Holiday Weekend
In observance of the Labor Day holiday, SGB Media will be closed after noon on Friday, September 4 and for the full day on Monday, September 7. SGB Media will return to the office and resume newsletter publication on Tuesday, September 8.
G-III Apparel Group and WHP Global Complete Acquisition of Marc Jacobs
WHP Global and G-III Apparel Group, Ltd. announced the closing of the acquisition of the Marc Jacobs brand from LVMH. At closing, G-III acquired the Marc Jacobs operating business and entered into a long-term license with its joint venture with WHP Global.
Sportsman’s Warehouse’s Lowers Q2 Loss as Hunting & Shooting Sports Comps Lead Gainers
Sportsman’s Warehouse Holdings Inc. slightly lowered its net loss in the second quarter ended August 1 due to inventory efficiencies and a tariff refund. Same-store sales were flat as a 6.7 percent increase in Hunting & Shooting Sports department sales offset a decline in Fishing comps.
Report: Nike Exploring Formula 1 Comeback After 24-year Absence
Nike has reportedly held talks with Formula One Management about a possible sponsorship and licensing arrangement, sources told Sports Business Journal. Nike left major auto racing (Formula 1) sponsorships in 2002, when its high-profile partnership with legendary driver Michael Schumacher ended.
Grassroots Outdoor Alliance Appoints Director of Retailer Development
Jenni Evertsen will reportedly serve as a “dedicated point of connection for Grassroots Outdoor Alliance retailer members — building relationships within the organization, identifying where Grassroots members collectively need expertise they don’t have, and creating learning experiences to help retailers achieve their goals.”
Sock Start-Up Skunk Skin Acquired by Western Wearhouse
Skunk Skin, a startup making odor-preventing socks, has been acquired by Western Wearhouse, an Atlanta-based retailer specialising in Western-style clothing.
Nufabrx Acquires Elos Thermal
Nufabrx, which makes medicine-infused apparel, has acquired Elos Thermal, a maker of trim-to-fit heated shoe insoles. Nufabrx said the acquisition “marks a significant expansion into the footcare category while strengthening its position in healthcare and sports markets.”
Darby Communications Promotes from Within to Fill Two New Roles
The Asheville, North Carolina-based public relations and digital marketing agency for outdoor, hunting, fishing, and endurance brands, has shuffled its leadership and service ranks with the addition of a new director of Emerging Services role and two promotions on its client services team.
Kohl’s Names Walmart, Target, Amazon Veteran as Chief Merchant as Nick Jones Exits
Ryan Waymire reportedly has 25 years of experience at large retailers including Walmart, Amazon and Target, most recently serving as SVP of Fashion at Walmart U.S. He replaces Nick Jones, who has been serving as Kohl’s Chief Merchandising Officer since 2023.
Scheels Sets Up Shop in Cedar Park, Texas for its 35th U.S. Location
The retailer’s newest location in Cedar Park, Texas marks its second the location in Texas and 35th store overall. The store supports more than 500 associates, bringing the employee-owned Scheels national workforce to over 14,000 workers.
Bass Pro Shops to Open 20th Texas Store
The 100,000-square-foot Bass Pro Shops location in College Station will be situated along State Highway 6, just north of the intersection of William D. Fitch Parkway and adjacent to the future South College Station baseball and softball complex.
Luxury Sneaker and Streetwear Boutique Wish Atlanta to Close
Wish Atlanta, a luxury sneaker and streetwear boutique in the Little Five Points neighborhood of Atlanta, plans to close at end of the year after 22 years in operation.
