SGB Update Apparel
Nike Releases Fiscal 2019 Impact Report
Nike Inc released its latest Impact Report covering its fiscal year 2019. The report details the progress the company is making to reach its diversity & inclusion, community and sustainability targets for 2020.
Brooks Sports Sues Brooks Brothers For Trademark Infringement
Brooks Sports Inc. filed a lawsuit against Brooks Brothers Group Inc. in federal court for breach of contract, unfair competition and trademark infringement.
Under Armour Misses Q4 Targets And Delivers Weak Outlook
Under Armour Inc. reported an unexpected fourth-quarter loss and missed Wall Street estimates for its revenues. The company also warned of soft 2020 results and said it’s considering another massive restructuring initiative to rebalance its cost base.
TIA Partners With Association Management Company, Bostrom
The Tennis Industry Association (TIA) announce that as of February 8, 2020, Bostrom has been named TIA’s management company.
Michael Avenatti Won’t Testify At Nike-Extortion Trial
Michael Avenatti chose Monday not to take the stand in his own defense as the New York trial over his alleged extortion of Nike comes to a close.
Yeti Named Official Jersey Partner Of Austin FC
Yeti has signed on to become the Official Jersey Partner and newest Founding Partner of Austin FC, the 27th club in Major League Soccer (MLS). The deal marks Yeti’s formal entry into both professional soccer and eSports.
Asics Recognized For Climate Change Actions
Asics Corp. has been named to the Supplier Engagement Leaderboard by global environmental impact non-profit CDP in recognition of its efforts to engage with its suppliers on climate change.
Allbirds Appoints Nancy Green To Board Of Directors
Allbirds, the footwear start-up, announced that it has appointed Nancy Green, president and chief creative officer of Old Navy, to its Board of Directors.
Implus Corp. Announces Leadership Transition
Implus Corp., a leader provider of athletic, fitness and outdoor accessories, appointed Michael B. Polk as interim chief executive officer. Seth Richards, Implus CEO, and Todd Vore, president, are transitioning their leadership roles and will be leaving the company to pursue other opportunities.
Running USA Industry Conference Holds Annual Awards Presentation
Kara Goucher, Brandon Hough, Michael Nishi and Alan Brookes were among those honored at the Running USA Industry Conference’s annual awards presentation.
Bass Pro Shops Ranks As Third Most Reputable Retailer in U.S.
For the second consecutive year, customers ranked Bass Pro Shops and Cabela’s as two of the most reputable retailers in the world for overall customer experience, according to 2019 Retail Reputation Report compiled by Reputation.com.
’47 Brand Partners With XFL
The XFL announced ’47 as its official headwear partner. ’47, a privately-held premium sports lifestyle brand from Boston, is providing headwear and apparel for all eight XFL teams.
RYU Apparel Announces Private Placement
RYU Apparel Inc., the Vancouver-based athletic apparel brand, intends to conduct a non-brokered private placement financing of up to 333.3 million units at a price of Canadian 3 cents per unit to raise gross proceeds of a maximum of $10 million.
VF Corp Provides Update On Coronavirus Impact
VF Corp. said that at this time, about 60 percent of VF’s owned and partner stores in China have been temporarily closed due to coronavirus mitigation efforts. Stores currently open have experienced significant declines in retail traffic.
Canada Goose Slashes Outlook On Coronavirus Fallout
Canada Goose cut its full-year forecast for sales and profit after reporting that the coronavirus is “having a material negative impact” on results. Sales are now expected to expand in the range of 13.8 percent to 15.0 percent in its year ended March 31, compared to at least 20 percent growth previously.
