SGB Update Apparel
Nike Appoints New Chief Diversity Officer
Kizmet Mills was previously a senior director in Nike’s DEI division. Her role becomes effective on November 11. She replaces James Loduca who announced his exit on LinkedIn.
Underground Printing Opens CU Boulder Location
The company’s newest retail location in Boulder, CO marks the company’s 30th location and its first in Colorado, situated on campus at the University of Colorado Boulder.
Unifi, Inc. Narrows Fiscal Q1 Net Loss on Solid Revenue Gains in Brazil Segment
Revenues from Repreve Fiber products were $44.7 million and represented 30 percent of net sales, compared to $42.5 million or 31 percent of net sales for the first quarter of fiscal 2024.
True Religion Opening Three New U.S. Stores Ahead of Holidays
Three new stores, in addition to a store opening in May in Katy, TX, brings the brand’s total number of physical retail locations to 51 in the United States.
Kontoor Brands Posts Q3 Growth at Wrangler, Decline at Lee on Solid U.S. Gains
The increase for the third quarter was said to be driven by growth in global direct-to-consumer (DTC) and U.S. wholesale, partially offset by a decline in international wholesale revenue.
Gildan Activewear Raises FY Revenue Guidance on Activewear Strength
Gildan Activewear Inc.’s third-quarter sales grew 2.4 percent, slightly ahead of guidance, as a 6 percent gain in activewear sales offset an 18 percent slump in its hosiery and underwear sales tied to its phase-out of its Under Armour sock license. Earnings rose 15 percent on improved margins.
U.S. Olympic and Paralympic Properties Name Nike Exec as CEO
John Slusher, Nike’s long-tenured sports marketing EVP, was named as CEO of the U.S. Olympic and Paralympic Properties (USOPP) for the 2028 Los Angeles Olympics. Ann Miller, the company’s executive vice president, chief legal officer and a 14-year Nike veteran, will replace Slusher as EVP of global sports marketing.
Nike, Inc. Shifts Senior Team Roles in Sports Marketing, Legal and Supply Chain
The company and new CEO Elliott Hill continue to make changes in its Senior Leadership Team (SLT), as it moves to position the company for renewed growth and brand energy.
BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands.
Consumer Confidence Bounces Back In October
The Conference Board reported that its Consumer Confidence Index jumped to 108.7 in October from 99.2 in September—the biggest monthly gain since March 2021. Analysts had forecast a more modest reading of 99.3.
Chipply Names New Marketing Manager
With seven years of experience in the promotional products industry, Ryen McFarland brings a strong background in marketing, sales and customer service to the e-commerce platform for team stores.
Newell Brands Announces Upsized Debt Offering
Newell Brands announced the launch and pricing of an upsized public offering of $750 million aggregate principal amount of 6.375 percent notes due 2030 and $500 million aggregate principal amount of 6.625 percent notes due 2032.
Hilco Global and TPG Angelo Gordon Partner with Bluestar Alliance on JV
Hilco Global and TPG Angelo Gordon announced the formation of a new joint venture that will identify, acquire and finance consumer brands and IPs in partnership with Bluestar Alliance, LLC, the parent of Hurley, Justice, Scotch & Soda, and other consumer brands.
Outdoor Retailer Parent Trims Full-Year Guidance
Emerald Holding, Inc. slightly reduced its outlook from steps taken to discontinue some of its smaller events. The operator of Outdoor Retailer, Surf Expo, Sports Licensing & Tailgate Show, and other venues also reported improved underlying earnings in the third quarter on flat sales.
Pyrenex Appoints Alan Daniel as Commercial Director
Daniel comes to the luxury outerwear manufacturer with over 20 years of outdoor industry experience having worked for Rossignol, Rip Curl and Salomon.
