SGB Update Apparel
Citi Trends Narrows Q1 Net Loss, Tempers Comps Outlook for Year as New CEO Takes Reins
Net loss per share was 42 cents, or a loss of 32 cents per share as adjusted, compared to a loss of 81 cents, or 66 cents as adjusted in Q1 2023.
Skechers Rings In 25th Anniversary with the NYSE and an All-Time High
Skechers, founded in 1992, celebrated its 25th year as a public company by ringing the New York Stock Exchange opening bell on June 3.
Banana Republic Opens Redesigned NYC Flagship Store
The store’s features merge a retail experience with art and architecture amd showcase Banana Republic’s men’s and women’s ready-to-wear, accessories and home collections within 17,000 square feet, covering two floors.
TRE Parent Rolling Out Switchback as Stand-Alone Outdoor Industry Event
Switchback is coming to Nashville, TN, June 16-18, 2025, separate from its sibling show, The Running Event. Switchback Spring 2025 will continue to provide retailer scholarships and welcome an advisory panel to support shaping the event’s trajectory.
VF Names Caroline Brown as TNF Global Brand President; Re-Works Board
As a result of her appointment, Brown resigned as a member of the VF Board of Directors.She served as an independent director on the Board from February 2024 to May 2024.
Brixton Hires Industry Veteran as SVP of U.S. Wholesale
Brian White was the SVP of Global Sales for Herschel Supply after being the VP of sales for Nixon and managing the agency he founded, including for brands Ride, Hurley, Globe, and DaKine.
Adidas Terrex Opens Showroom in Downtown Boulder
The space, located near Pearl Street, will be use for “events, hosting partners and community members, and building connections with the city’s strong, local retailer market.”
Summit Golf Brands Adds PGA Pro to Sales Team
Golf industry professional Garrett Malcolm was hired as an account executive to expand the company’s presence and distribution of its premium golf apparel brands within green grass facilities across Canada.
Citi Trends Shuffles CEO Role in Weekend Board Action
The retailer’s Board of Directors appointed Ken Seipel as interim CEO, effective June 2. In connection with his appointment, David Makuen stepped down as CEO and a board member.
Rally House Rolls Out Three New Store Openings in Key Markets
Rally House the family-owned specialty retailer that offers apparel, hats, gifts, and home decor representing local NCAA, NFL, MLB, NBA, NHL, and MLS, opened stores in Philadelphia, Indiana and Chicago.
Nordstrom Promotes Alexis DePree to Chief Operating Officer
DePree will continue to support supply chain operations, transportation, inventory operations, enterprise operations, and store operations, but now with an expanded title that better reflects the breadth of these teams’ work.
Report: U.S. Sporting Goods Growth Continues Solid Post Pandemic Growth
The growth last year coincides with a year in which the market saw the lowest number of total inactive Americans (64.9 million people) since SFIA began tracking the metric.
Nordstrom Beats on Fiscal Q1 Estimates, Reaffirms Full Year Guide
The retailer narrowed its first quarter loss and beat expectations for the first quarter but analysts may be a little jumpy as guidance didn’t move higher and may signal internal concerns about the discretionary shopper.
VF Corp. Appoints Sun Choe as Vans Global Brand President
Michelle (Sun) Choe has nearly three decades of experience leading design and merchandising for global brands, including Lululemon, Marc Jacobs, West Elm, Madewell, Urban Outfitters, Levi’s, and the Gap. She joins VF from Lululemon, where she has worked as the chief product officer for the past seven years.
Gildan Activewear Resumes Share Repurchases, Amends Normal Course Issuer Bid
The company’s newly reconstituted Board of Directors approved the resumption of share repurchases and an amended normal course issuer bid.
