SGB Update Apparel
Brooks Takes Top Spot In Performance Running Market
Brooks Running said that in the first quarter, it took the top spot in the U.S. national performance footwear market for the first time, with 22 percent dollar share across all U.S. channels—athletic specialty and sporting goods, mid-tier, premium, and shoe chain.
Callaway Golf Sets Long-Term Financial Targets
Callaway Golf Company expects annual growth projections from fiscal 2021 through 2025 of 10 to 12 percent, led by more than 18 percent growth at Topgolf growth in the high-single digits in its non-Topgolf businesses. The company provided its growth plan as part of its Investor Day.
Brunt Workwear Appoints President
Boston-based Brunt Workwear announced the appointment of Kevin Eskridge, most recently chief product officer at Under Armour, as the company’s president. In this role, Eskridge will oversee the company’s product development, merchandising, sourcing, and global retail expansion.
Hybrid Apparel Announces Two Executive Hires
Hybrid Apparel has appointed Faith Garcia-Ross as chief operating officer and Ed Massura as chief supply chain officer.
Academy Sports Opens Store In Conyers, GA
Academy Sports + Outdoors announced the opening of its Conyers, GA store. Academy now has 11 locations across metro Atlanta and 19 throughout Georgia.
Report: JCPenney Owners Offer $8.6 Billion For Kohl’s
Simon Property Group and Brookfield Asset Management are offering to acquire Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.
Vail Resorts Sees Encouraging Ski Season Metrics
Vail Resorts said it expects resort fiscal 2022 reported EBITDA to be at or around the top of its guidance range issued on March 14, 2022 given the ski season trends from the beginning of the ski season through April 17, 2022.
Centric Brands Names President Of Asia Division
Centric Brands, LLC. announced that Marc Compagnon had joined the company as president of Centric Brands Asia. He was at Li & Fung for more than 20 years in executive and advisory roles.
Altar’d State Announces Chief Marketing Officer And Two Key Promotions
Altar’d State, the women’s fashion retailer with 156 locations in the U.S., hired Cristina Ceresoli as chief marketing officer of Altar’d State, AS Revival and Tullabee. It also promoted Dana Seguin to brand president of Arula and Nicole Sewall to senior vice president of Vow’d.
Bass Pro Plans Family Health Center In Springfield
Bass Pro Shops plans to open a Family Health Center this fall, offering health care services for Bass Pro Shop employees and their families in the Springfield region.
Golf Rounds Played Decline 14 Percent In March
Golf Datatech’s National Rounds Played Report for March shows that U.S. rounds were down 14.3 percent in the month and down 7.5 percent year-to-date year-over-year.
LifeLabs Secures $6M Series Seed 3 Funding
Materials science company LifeLabs announced a $6 million Series Seed 3 financing round led by Asia Green Fund, bringing total funding to $13.8 million.
Mother’s Day Spending To Reach Record High
Mother’s Day spending is expected to total $31.7 billion this year, up $3.6 billion from 2021’s record spending, according to the annual consumer survey released by the National Retail Federation and Prosper Insights & Analytics. Approximately 84 percent of U.S. adults are expected to celebrate Mother’s Day.
Old Navy CEO Exits As Gap Reduces Quarterly Forecast
Gap Inc. announced that Old Navy President and CEO Nancy Green is exiting the Old Navy business this week.
