SGB Update Apparel
Rab Appoints National Sales Manager
Rab announced today that it has named Ryan Krusemark as the company’s first national sales manager as it looks to build on and expand its North American footprint in 2021.
Adidas Assesses Strategic Alternatives For Reebok
Adidas AG said it has begun a review of whether to sell its underperforming Reebok brand. Adidas said Monday it will announce a decision on March 10 when it presents its new five-year growth plan.
Oxford Industries To Exit Lanier Apparel
Oxford Industries announced plans to exit its Lanier apparel business by the second half of 2021 to focus on its lifestyle brands, including Tommy Bahama, Lilly Pulitzer and Southern Tide.
Arc’teryx Doubles New York Retail Footprint
Arc’teryx Equipment is continuing its retail expansion in the U.S. with the opening of three new Arc’teryx Icon stores in Manhattan by the end of the year.
REI To Close Yonkers Store
REI plans to close its store in Yonkers on Feb. 12, 2021, according to a report from Rockland/Westchester Journal News.
Sports Direct’s Parent Sees 7.4 Percent Sales Drop In First Half
Frasers Group PLC reported revenues declined 7.4 percent in the six months ended October 25, largely caused by temporary store closures due to COVID-19, offset by the strong reopening of stores after lockdown and growth in its online business. Sales at Eastern Mountain Sports and Bob’s Stores in the U.S. saw double-digit declines.
Lululemon Delivers 19 Percent Q3 Same-Store Gain
Lululemon Athletica Inc. reported earnings rose 20.1 percent in the third quarter, excluding costs tied to its acquisition of Mirror, as same-store sales climbed 19 percent. Online sales increased by 94 percent. Both sales and earnings topped Wall Street’s targets.
RYU Apparel Launches Golf Apparel Division With Key Hires
RYU Apparel Inc. has hired James Chapman and Andrew Parr to lead its new golf apparel division.
Varsity Spirit Founder And Chairman To Step Down
Varsity Spirit and its Founder and Chairman, Jeff Webb, announced that he will shift his focus to growing cheer globally through his role as president of the International Cheer Union. Varsity Spirit, a division of Varsity Brands, will continue to be led by Bill Seely.
Head/Tyrolia Appoints VP Of Sales
Head/Tyrolia, USA announced that Rob Mignon has been named vice president of sales, a new position for the company. Starting January 1, 2021, he will assume sales management for all Head Wintersports products in the U.S.
Academy Sports Reports Record Q3 Sales And Earnings
Academy Sports and Outdoors Inc., in its first earnings report since going public, reported earnings vaulted 188 percent on an adjusted basis in the third quarter ended October 31. Revenues jumped 17.8 percent. Results were well ahead of Wall Street’s targets. The retaller marked its fifth consecutive quarter with a comparable sales increase.
Imports Still Strong Though October
Imports remain strong through October after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
HanesBrands Appoints Board Member
HanesBrands announced that financial executive Cheryl K. Beebe has been appointed to the company’s Board of Directors.
Brooks And Vaude Sign The Climate Pledge
Brooks Running and Vaude have each signed The Climate Pledge, a commitment to be net-zero carbon by 2040, a decade ahead of the Paris Agreement’s goal of 2050.
