SGB Update Apparel

Hibbett Sports Fourth Quarter Earnings Surge

Profits at Hibbett Sports Inc. catapulted 168 percent in the fourth quarter ended January 30 as same-store sales ran up 21.9 percent. Mike Longo, president and chief executive officer, said in a statement, “The strong momentum that we experienced in our business in the second and third quarters continued in the fourth quarter.”

Athleta’s Comps Climb 26 Percent In Q4

Gap Inc. said Athleta’s sales increased 29 percent in the fourth quarter with comparable sales up 26 percent. Gap said it plans to open 20 to 30 Athleta stores in fiscal 2021.

Reebok Appoints VP Of Apparel

Reebok announced the appointment of Portia Blunt to vice president, apparel. Blunt most recently served as director of apparel operations at New Balance.

USA Cycling Hires Chief Marketing Officer

USA Cycling has named Matt Heitmann as chief marketing officer overseeing marketing and membership. Heitmann joins the organization after leading marketing efforts of multiple industry organizations, including The Pro’s Closet, Canyon and BMC.

Florida A&M Announces New Partnership With Nike, LeBron James

Florida A&M Athletics announced a six-year agreement with Nike Inc., to make Nike the official athletic footwear, apparel and equipment provider for the Rattlers beginning July 1, 2021. The team will be outfitted with LeBron James uniforms, apparel and footwear.

Dunham’s Sports Returns To Marquette

Dunham’s announced plans to return to Marquette, MI this summer with a store set to open in the Westwood Mall in the old Yonkers location.

Burlington Stores Q4 Same-Store Sales Flat

Burlington Stores reported earnings fell 24.2 percent in the fourth quarter on flat comp sales. The off-pricer also set a new store target to reach 2,000 stores, up from the previous goal of 1,000 stores.

Buckle’s Comps Climb 5.3 Percent In February

Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 27 increased 5.3 percent year-over-year.

Academy Sports Appoints Board Member

Academy Sports and Outdoors Inc. announced the appointment of Tom Nealon to its Board of Directors, effective today.  With the addition of Nealon, Academy’s Board comprises ten directors.

VF Corp. Appoints Global Brand President, Timberland

VF Corporation announced the appointment of Susie Mulder as global brand president, Timberland. Mulder joins the Timberland brand from clothing brand NIC+ZOE where she served as CEO since April 2012.

NRF: 2021 Could See Record Retail Sales Growth

A wide array of economic indicators point toward potentially record retail sales growth during 2021, but the coronavirus pandemic remains the biggest challenge for the year, according to a prediction from the National Retail Federation (NRF).