SGB Update Apparel
New Zealand Merino Company Launches 100 Percent Regenerative Wool Platform In Partnership With Allbirds, Icebreaker And Smartwool
The New Zealand Merino Company (NZM) and brands Allbirds, Icebreaker, and Smartwool announced they are working collectively with 167 sheep growers to create the first regenerative wool platform that represents 2.4 million acres in New Zealand to tackle the impact of the global fashion industry which is responsible for 10 percent of annual greenhouse gas emissions worldwide.
Outdoor Foundation’s Preliminary Participation Report Shows Gains In Hiking, Camping And Fishing
The Outdoor Foundation, the philanthropic arm of Outdoor Industry Association (OIA), released early topline data from its forthcoming Outdoor Participation Report that showed strong gains in hiking, camping and fishing.
New Balance Lands $3.85 Million Win in Chinese Trademark Case
New Balance has been awarded xx25 million ($3.9 million) in damages by a Chinese court in a trademark infringement case against two local companies for copying its slanting “N” logo, according to a report in The Financial Times.
Alterra Mountain Company Names Dakine Official North American Partner
Dakine announced a new four-year partnership, naming Dakine the official glove and bag partner of Alterra Mountain Company’s 15 North American mountain destinations. This partnership will be activated year-round to support all winter and summer on-mountain activities at each Alterra Mountain Company destination.
VF Corp’s Debt Ratings Lowered By Moody’s
Moody’s downgraded V.F. Corp’s long term ratings due to expectations that VF’sfinancial leverage will remain high over the next several years in part due to the acquisition of Supreme.
Hibbett Sports’ Q4 Comps Climb 22 Percent
Hibbett Sports Inc. provided preliminary unaudited financial results for its fourth quarter that showed comparable sales increased 21.9 percent, well above the previous guidance of an increase in the high-single digits to low-double digits.
Lids Promotes Nick Corthier To CFO
Lids has promoted Nick Corthier to chief financial officer. Corthier’s experience with Lids began over 20 years ago when he first joined the retailer as a sales associate in 2000.
RYU Apparel Appoints Board Member
RYU Apparel Inc. appointed Stefanie Crosby, CEO of Triumspear International, to its board of directors.
PVH Appoints CEO Of PVH Americas
PVH Corp. announced that Trish Donnelly, former chief executive officer of Urban Outfitters Group, will join the company as chief executive officer of PVH Americas, a new position. As CEO of PVH Americas, Donnelly will have responsibility for the Calvin Klein, Tommy Hilfiger and Heritage Brands businesses in the Americas and for the global Calvin Klein brand.
HanesBrands Named Primary Licensee For Ohio State University Fan Apparel
HanesBrands announced an agreement with Ohio State University to serve as one of the University’s primary licensees for select fan apparel products. Ohio State’s official side-line licensee remains Nike.
Dick’s SG To Open Five Stores In February
Dick’s SG announced plans to open one Dick’s Sporting Goods store and four Warehouse Sale stores in February.
Shimano’s Earnings Climb In 2020
Shimano reported net income increased 22.5 percent in 2020 as sales grew 4.1 percent. The Japanese-based sporting goods company said the year benefited from “interest in bicycles and fishing that can avoid closed, crowded and close-contact environment boosted demand.”
Under Armour Posts Surprise Profit For Holiday Quarter
Under Armour Inc. reported sales were down 3 percent in the fourth quarter but both sales and earnings easily topped Wall Street targets. The company forecasted sales for the current year to climb in the high-single-digit percentage rate, reflecting a high-single-digit growth rate in North America and a high-teens growth rate in its international business.
RYU Apparel Relists On OTCQB
RYU Apparel Inc. announced it has been relisted on the OTCQB Venture Market.
Urban Outfitters’ Q4 Comps Drop 7 Percent
Urban Outfitters Inc. reported total company net sales for the three months ended January 31 decreased 6.9 percent over the same period last year to $1.09 billion. Comparable Retail segment net sales decreased 7 percent.
