SGB Update Apparel

JP Sportswear Inks Joint Venture with Vietnam-Based Intermax Co.
JP Sportswear will be solely responsible for developing and supporting active and athleisure apparel brands and retailers throughout North America for the Intermax group of companies.

Under Armour Taps Cam Ward to Lead Strong NFL Draft Class for the Brand
Cam Ward, Luther Burden III, Nick Emmanwori, Matthew Golden, and Tyler Booker are the latest additions to the UA Football roster.

Former Reebok Exec John Frascotti Elected Executive Chair of Newman’s Own BOD
Frascotti led multiple high-growth business units at Reebok International, Ltd. including the company’s sports footwear and apparel division, acquisitions, global sports marketing, and licensing.

TSG Consumer Appoints Managing Director and Chief Legal Officer
TSG’s representative past and current partner companies in the active lifestyle market include Backcountry, Canyon Bicycles, Nuun, Planet Fitness, Revolve and CorePower Fitness.

CNBC/NRF Retail Monitor Sees March Y/Y Retail Sales Growth Accelerate
Growth in the Clothing, Footwear and Accessories Stores sector softened from the January and February trends, while the industry that includes Sporting Goods stores accelerated versus January and February periods, according to the CNBC/NRF Retail Monitor for March.

Rip Curl Opens Third Retail Store in Spain’s Basque Country Region
The new Bilboa store is the brand’s third in Spain, joining stores in Tarifa and Barcelona. Rip Curl also has an outlet store open to consumers in Viladecans. The store will be primarily focused on apparel.

Rag & Bone Launches Australian Owned E-Commerce Platform
Rag & Bone has launched an Australian owned e-commerce platform, rag-bone.com.au, with Signal Brands Australia.

G-III Apparel and Aldo Ink Footwear License Deal for G.H.Bass Brand
Under the agreement, Aldo Product Services will design, manufacture, distribute, market and sell G.H.Bass footwear, bags and small leather goods.

The Buckle Posts Larger Comp Sales Increase for March
Comparable store net sales for the 5-week period ended April 5 increased 3.7 percent year-over-year. The two-month YTD period comped up 1.6 percent year-over-year.

Piper Sandler Survey Reveals Nike, Lululemon and Stanley Losing Teen Mindshare
The latest Piper Sandler Taking Stock With Teens survey for spring 2025 found Ugg has moved up the most (two spots with 4-points in share gains year-over-year), followed by On Running (two spots with 1-point in share gains year-over-year).

NRF Expected Cargo Traffic to Drop Dramatically Before Latest Tariff Moves
The latest Global Port Tracker report released on April 9 by the NRF and Hackett Associates suggests cargo traffic will drop dramatically beginning next month; however, that outlook might change given the changes in the tariff picture.

Costco Sees March Comps Grow 9.1 Percent x-Gas; E-Commerce Up High Teens
Costco reported net sales of $25.5 billion for the retail month of March, the five weeks ended April 6, 2025, an increase of 8.6 percent from $23.5 billion in fiscal March last year.

Fleet Feet Franchisee to Open Third North Carolina Store in Jacksonville
Michelle Fogle opened her first Fleet Feet store at the Forum Shopping Center in Wilmington, NC 10 years ago, followed by a second Wilmington location two years ago.

GoPro Expanding Board with Active Outdoor Lifestyle Brand Veterans
Appointee Mick Lopez held leadership roles at Vista Outdoors. Nominee Mike Dennison is currently CEO of Fox Factory and serves on the Boards of Fox Factory Holding Corp. and Solo Brands, Inc. and nominee Emily Culp serves on the Board of Stio.

The Athlete’s Foot Promotes Matt Lafone to CEO
Matt Lafone, president and GM of Americas, takes the helm as global CEO, steering TAF toward a unified vision with new operational and innovation strategies.