SGB Update Apparel

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.

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.

Columbia Sportswear’s Q4 Impacted By Promotional Climate

Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street’s consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, “A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity.”

Mizuno Signs Ronda Rousey

Mizuno has signed Ronda Rousey as the newest addition to the Mizuno roster of athletes in North America. She had been with Reebok.