SGB Update Apparel
Rally House Opens Storefront in Lehigh Valley Mall and Second in Houston
The nationwide retailer increased its storefront count in the Philadelphia area to 22 after opening Rally House Lehigh Valley Mall in Whitehall, PA, on July 5, on the Mall’s lower level. Rally House Willowbrook Plaza opened on July 5, two weeks after its first storefront in Houston with Rally House Houston Outlets.
SGB Media to Close for Independence Day Holiday
SGB Media will not publish the SGB Morning or Evening Newsletters on July 4 and July 5. We will return to the office and resume publication on Monday, July 8.
Kith to Open Malibu Flagship
On July 4, Kith will open its third flagship in Malibu, CA, alongside Beverly Hills and West Hollywood. To commemorate the opening, Kith partnered with New Balance to redesign the 1300 and 580 sneakers.
Authentic Brands Group Appoints Head of Japan Region
Jeff Daggett has been tapped as SVP, head of Japan. With over three decades of industry experience, Daggett is expected to play an integral role in strengthening Authentic’s presence and driving brand growth in the region.
Outdoor Research Expands Midwest Indie Sales Agency Territory
The maker of outdoor apparel and gear, OR expanded the sales territory for its Great Lakes territory sales rep team, Westbay Trading Co., to include the Midwest territory.
Perfect Moment Narrows Fiscal Year Loss on Mid-Single-Digit Sales Growth
E-commerce revenue increased 21 percent to $10.4 million compared to $8.6 million in the prior year, said to be due to greater brand awareness and a stronger focus on e-commerce.
Report: Manufacturing PMI Contracted Again in June
Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months.
Fanatics Inks Partnership Deal with New Zealand Rugby
Fanatics will become the master licensee for New Zealand and will run the e-commerce and physical retail for the All Blacks and the Black Ferns.
NYSE Regulation Moves to Delist Delta Apparel Shares; Suspends Trading
In reaching its delisting determination, NYSE Regulation noted the company’s disclosure regarding the expectation that holders of shares of Delta Apparel’s common stock would experience a complete or significant loss on their investment, depending on the outcome of the Chapter 11 cases.
Sports Authority Founder Jack Smith Passes Away
Jack Smith was the visionary who turned Sports Authority into one of the biggest sporting goods retail brands worldwide. Smith also served as chairman of the board of the National Sporting Goods Association (NSGA) and was inducted into the Sporting Goods Industry Hall of Fame in 2016.
REI Co-op Taps Under Armour, Target Vet as VP of Human Resources
Mike Cannata was, most recently, vice president of human resources at Under Armour. Before UA, he worked for over a decade at Target, progressing from a store management through human resources leadership.
Nike Inc. Beats Q4 EPS Estimates But Warns of Fiscal 2025 Guidance Cut
Nike Inc. reported earnings in the fiscal fourth quartar ended May 31 exceeded analysts’ consensus targets by 17 cents but also warned that it would downwardly adjust its guidance for the coming year due to continued “challenges” in the marketplace.
Original Penguin Enters Spain with First Flagship Store
Perry Ellis International, parent of the brand, said that the launch marks an expansion for the brand under its new Spanish license partner, Linea Magna Europa SL, an affiliate of Linea Magna which has grown the Original Penguin brand in Mexico since 2012.
Competitive Cyclist Named as Official U.S. Retailer for Tour de France
Competitive Cyclist has secured an exclusive partnership with Amaury Sport Organisation (A.S.O.) as the sole U.S. retailer for this year’s Tour de France products.
Feat Clothing Secures New Majority Investor
2.0 Ventures, a private equity firm headquartered in Salt Lake City, acquired a majority stake in Feat Clothing, Inc. Taylor Offer, who founded the California-based athleisure brand in 2014, will transition from his role as CEO to a position on the Board of Directors.
