SGB Update Apparel

Macy’s Names Chief Legal Officer

Macy’s Inc. hired Tracy Preston as chief legal officer and corporate secretary. Previously, she was the chief compliance officer, chief legal officer and corporate secretary of HanesBrands, Inc.

Topgolf Callaway Brands’ Debt Rating Revised to Negative

S&P Global Ratings revised its debt rating outlook on Topgolf Callaway Brands Corp. to negative from stable due to its recent report of weaker-than-expected performance for the third quarter despite maintaining relatively consistent S&P Global Ratings-adjusted EBITDA margins.

Saxx Taps Ecco Americas C-Suite for New CEO

Underwear maker Saxx appointed Tom Berry as chief executive officer, succeeding Wendy Bennison. Most recently, Berry was president and CEO of the America’s region for the Danish footwear company Ecco.

G-III Apparel Group Raises EPS Guidance on Q3 Beat

G-III Apparel Group, Ltd. raised its earnings guidance for the year after EPS in the third quarter ended October 31 came in well above plan, boosted by strength at wholesale channels. Sales eased 1 percent in the period.

REI to Close Santa Monica Store

REI confirmed plans to close its store in downtown Santa Monica, CA, due, in part, to higher costs of doing business. The two-story, 32,000-square-foot location will close February 29, 2024.

Livsn Designs Secures Funding From RZC Investments

Livsn Designs, a sustainable outdoor apparel brand, reported it raised seed capital led by RZC Investments, a Bentonville, AK-based multi-strategy investment firm on behalf of Steuart and Tom Walton.