SGB Update Apparel
Sierra Parent TJX Raises Dividend by 13 Percent
The TJX Companies, Inc.’s Board of Directors raised the amount of its quarterly dividend by 13 percent from the last dividend paid.
Epoch Biodesign Secures $12M Funding Round, Lululemon Participates
Epoch Biodesign raised $12 million in a new funding round to commercialize AI-engineered nylon 6,6 recycling, with Lululemon among investors. This new funding brings the total capital raised to over $50 million.
Compass Diversified to Sell Sterno’s Food Service Business for $292.5M
Compass Diversified, the parent of BOA, Primaloft, 5.11, and Velocity Outdoor, entered into a definitive agreement to sell the food service business of its majority-owned subsidiary, SternoCandleLamp Holdings, Inc., to Archer Foodservice Partners for $292.5 million, thereby accelerating its deleveraging efforts.
Univ of Michigan Consumer Sentiment Index Slides to Three-Month Low on Iran War Worries
U.S. consumer sentiment fell more than expected in March, touching a three-month low, driven by higher gas prices and inflation expectations following the Iran war, the University of Michigan’s latest monthly survey found.
Terracea’s Director of Product Design Advances Product Roadmap
John Holschuh brings over 20 years of industry experience, having served at Under Armour, Eastern Mountain Sports, Reebok, Huk Performance Fishing, and Nomad Hunting.
Tommy Bahama Parent Oxford Industries Posts Q4 Loss, Hit by Saks’ Bankruptcy Charge
Oxford Industries, Inc., parent of the Tommy Bahama, Lilly Pulitzer and Johnny Was brands, reported a wider loss due in part to increased inventory reserves in the fourth quarter as sales slid 3.8 percent. The company said sales and adjusted earnings were in line with guidance excluding charges associated with the bankruptcy of Saks Global.
Sierra to Open First Alabama Store
Sierra, the outdoor off-price retailer owned by TJX. Cos. plans to open its first store in Alabama on March 28 in Hoover at Hoover Riverchase Crossing Shopping Center.
Oakley Appoints Creative Director of Apparel, Footwear and Accessories
Oakley, owned by EssilorLuxottica, has hired Matthew M. Williams as creative director of apparel, footwear and accessories (AFA). He will work closely with Travis Scott, Oakley’s chief visionary officer,
Saks Reverses Decision on Three Store Closures
Saks Global reversed its decision to close three stores — a Neiman Marcus in White Plains, NY; a Saks in Sarasota, FL; and a Saks in Palm Desert, CA — following negotiations with landlords.
Denver’s Wilderness Exchange to Close
Denver’s Wilderness Exchange is will shutter on March 29. Owner and Founder Don Bushey announced the closure on Tuesday, March 24, through social media. The Black Diamond “store within a store” on the main floor will also shutter.
PGA Tour Superstore’s Marketing Chief Joins Chicken Salad Chick
Jill Thomas, PGA Superstore’s SVP and chief marketing officer of retail and e-commerce for the last six years, has joined the fast-casual restaurant chain Chicken Salad Chick as chief marketing officer.
Simon Property Group Chairman & CEO David Simon Passes Away After Cancer Fight
David Simon joined the company’s predecessor, Melvin Simon & Associates, as CFO in 1990. In 1993, at age 31, he orchestrated the company’s IPO on the New York Stock Exchange, raising nearly $1 billion, which was then the largest real estate public stock offering in history.
Snipes Appoints New CEO
Snipes, the German-based sneaker and streetwear chain with more than 680 Snipes stores across Europe and the U.S., has appointed Samuel Deichmann as CEO, replacing Dennis Schröder in a planned succession. Deichmann will be responsible for “the strategic development of the company in all European markets.”
Ross Stores’ Debt Ratings Upgraded
S&P Global Ratings raised its debt ratings on Ross Stores, Inc., citing its continued strong performance and expectations that it will gain market share.
Nordstrom, Inc. to Open New Rack Store in Kennewick, Washington
The 25,000-square-foot store, opening in Fall 2026, will be located at the Tri-Cities Center, a shopping center that includes Craft Warehouse and Habit Burger.
