SGB Update Apparel
Former Nike Retail VP Joins Tailored Brands
Tailored Brands appointed Karla Gray, a former VP at Nike’s retail operations, as EVP and chief stores officer.
Mastercard SpendingPulse: April U.S. Retail Sales Grow 23.3 percent
U.S. retail sales excluding automotive and gasoline increased 23.3 percent year-over-year in April, and 10.8 percent compared to April 2019, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. Online sales in April grew 19.9 percent and 95.6 percent, respectively, compared to the same periods.
Hibbett Sports Opens In Richmond, VA
Hibbett Sports announced the opening of the newest Hibbett Sports in Richmond, VA.
Report: Icebreaker To Undergo Restructuring
Icebreaker plans to eliminate from 40-to-50 jobs in its home country of New Zealand in a reorganization designed to better support global growth, according to the NZ Herald.
Adidas Lifts Sales Guidance Despite Lockdowns, Supply Chain Issues
Adidas raised its 2021 sales outlook as first-quarter revenues grew 27 percent on a currency-neutral basis and profits returned to near pre-pandemic levels. Across the company’s three strategic markets, currency-neutral sales expanded at a triple-digit rate in Greater China (+156 percent) in the first quarter and increased in the high-single-digits in both North America (+8 percent) and EMEA (+8 percent).
J.C. Penney Cuts 650 Jobs
J.C. Penney has eliminated about 650 jobs in an effort to adjust “our structure to better meet our strategic priorities,” according to a company statement. The job cuts followed an operational review by new owners Simon Property Group and Brookfield Asset Management.
Delta Apparel’s Q2 Sales Rose 12 percent
Delta Apparel Inc. reported earnings tripled in the second quarter ending April 3 on a 12 percent sales gain.
Puma Appoints New CFO And Chief Commercial Officer
Puma has appointed Hubert Hinterseher as its new chief financial officer and Arne Freundt as its new chief commercial officer starting June 1.
Buckle’s Comps Increase More Than Seven-Fold In April
Buckle Inc. announced that total net sales for the 4-week fiscal month ended May 1, 2021 increased 718.0 percent to $93.6 million from net sales of $11.4 million for the prior year 4-week fiscal month ended May 2, 2020.
Academy Sports Announces Pricing Of Secondary Offering
Academy Sports + Outdoors Inc. announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., of 14 million shares of common stock.
Black Diamond Equipment Appoints Business Unit Director For Apparel
Black Diamond Equipment, a brand of Clarus Corporation, appointed Anthony Rivera as its business unit director for its apparel category. Rivera was the former senior manager of merchandising for Arc’Teryx.
Original Penguin And Grand Slam Announce Apparel Partnership With USA Pickelball
Original Penguin by Munsingwear and Grand Slam brands, (divisions of Perry Ellis International), have signed an extensive, multi-year partnership with USA Pickleball.
Acushnet Holdings’ Sales Climb 42 Percent In First Quarter
Acushnet Holdings Corp. reported significant improvement in earnings in the first quarter ended March 31 as sales grew 42 percent. Revenues for the parent of Titleist and Footjoy grew 34 percent on a currency-neutral basis.
Gildan Activewear Sees Q1 Sales Climb 28 Percent
Gildan Activewear Inc. reported a profit against a loss in the first quarter as revenues climbed 28.4 percent. Said Gildan President and CEO, Glenn Chamandy. “While large events have not yet restarted, we continue to be encouraged by the strength of our imprintables business and on the retail side we were pleased with strong double-digit growth in underwear and activewear sales.”
Camping World To Acquire Hilmerson RV In Minnesota
Camping World Holdings Inc. announced the expansion of its business presence in the Minnesota market with an agreement to acquire Hilmerson RV in Little Falls.
