SGB Update Apparel

Retail Sales Mark Fourth Month Of Gains

The U.S. Census Bureau said overall retail sales in September were up 1.9 percent seasonally adjusted from August and up 5.4 percent year-over-year.

Asics Appoints President And COO Of North America

Asics announced the appointment of Richard Sullivan to president and chief operating officer for Asics North America (ANA). Further, Barbara Turner will assume the role of chief administrative officer and Sean Condon has been named vice president, omnichannel.

VF Corp. Posts Better-Than-Expected Earnings

VF Corp. reported earnings and sales declined in the second quarter ended September 26 as a result of the impact of COVID-19. However, both came in ahead of Wall Street’s consensus estimates and VF officials indicated its year-to-date performance exceeded internal expectations across all brands, driven by digital and China.

Five Below To Open Esports Facilities In Three Locations

Five Below in a partnership with Nerd Street Gamers to open esports facilities connected to two Five Below stores in Georgetown, TX and Philadelphia, PA, with an additional location in St. Louis, MO opening later this month.

ICSC Sees 1.9 Percent Rise In Holiday Sales

ICSC forecasts a 1.9 percent year-over-year spending increase this holiday season with total spending to be $862.2 billion. Its annual Holiday Shopping Intentions Survey found that the average adult plans to spend $655 on holiday-related items – surpassing 2019’s actual expenditure.

Ruby Ribbon Hires COO/CFO + CMO

Ruby Ribbon Inc. hired Michelle Sanft as the company’s new chief operating officer and chief financial officer, and Loly Hlade as its new chief marketing officer. 

Delta Apparel’s Q4 Revenues Climb 8 Percent

Delta Apparel Inc. anticipates overall net sales for its fiscal fourth-quarter ending October 3 to be approximately $116 million, up about 8 percent compared to $108 million in the prior-year period, with growth in each of its business units.

Outdoor Research Adds Midwest Outdoor Sales Agency

Outdoor Research added Midwest Outdoor Sales to represent the brand in the Midwest territory — Missouri, Illinois, Wisconsin, Minnesota, North Dakota, South Dakota, Iowa, and Nebraska.

Quiksilver Owner Sued Over Rescue Deal

Investors filed a lawsuit against Boardriders Inc., the parent of Quiksilver and Billabong, over a $431 million rescue financing package they said elevated the interests of a select group of lenders and private-equity backer Oaktree Capital Management LP.