SGB Update Apparel

Peloton Raises Profit Outlook on Improved Holiday Quarter

Peloton Interactive raised its earnings guidance for its fiscal year ending June 2025 after seeing a strong recovery in earnings on an adjusted basis for the holiday quarter on better-than-expected sales. Revenues in its December quarter were down 6.1 percent.

Brooks Running Posts 9 Percent Growth In 2024

Brooks Running reported sales were up 9 percent in 2024, fueled by growth in every region and channel. The performance marked eight consecutive years of growth for the brand, delivering a 13 percent compound annual growth rate over that horizon.

Canada Goose Misses Q3 Revenue Targets on DTC Softness

Canada Goose’s revenues in the fiscal third quarter ended December 29 came in below Wall Street’s estimates as DTC comps missed plan, down 6.2 percent. Earnings on an adjusted basis in the third quarter rose 7.0 percent while overall sales declined 2.2 percent.

Wild Rye Adds to Management Team With Two New Hires

Megan Odom joins the company as national sales manager and Sara Gerritts as supply chain operations manager. The company reported that they “bring a wealth of experience and a passion for the outdoors that aligns perfectly with our brand’s values and mission.”

JCPenney Launches B2B Website for Commercial Bulk Orders

The department store retailer said its new business-to-business website offers current and potential bulk order customers exclusive access to JCPenney’s vast catalog of products across several divisions.

Rally House to Open Store in Blacksburg, VA

The store is the first for Rally House in Virginia and will occupy the previous Tech Bookstore building near the corner of South Main Street and Lee Street. A Spring 2025 opening is planned.

Black Diamond Wilderness Exchange to Host Grand Re-Opening

The store’s renovation has been ongoing since October 2024, during which BDE reportedly invested in much of the related costs. The newly branded Black Diamond Wilderness Exchange store will host a grand reopening from February 8-16, 2025.

Timberland Appoints New Global Creative Director of Marketing

Drew Villani is responsible for bringing the company’s creative vision to life, including brand marketing, art direction, photography, store design, styling, and video production. Villani joined Timberland from Calvin Klein, where he was the senior director of global creative.