SGB Update Apparel
EXEC: 361 Degrees Posts Strong Double-Digit Q1 Retail Sales Growth
Retail sales performance of the 361° core branded product in offline channels posted high-teens growth compared to the year-ago comparative period, while sales generated via the 361° e-commerce platform increased approximately 20 percent to 25 percent in Q1.
Macy’s Inc. Appoints Two New Board Members as Acquisition Talks Move Forward
Investor Arkhouse Management nominees Ric Clark and Rick Markee have been appointed to the Macy’s Inc. Board of Directors, heading off a broader proxy fight, while Macy’s and Arkhouse move forward with buy-out talks.
HanesBrands Inc. Extends Mass Channel Apparel Partnership with Duke
The partnership renews HanesBrands’ exclusive rights to sell Duke’s fanwear in the mass retail channel for another five years.
NRF: Despite Baltimore Port Shutdown, Import Cargo Expected to Hit 2M Containers
The Baltimore bridge accident will likely shift container imports and exports to New York/New Jersey, Virginia and other surrounding ports until a shipping channel is cleared, perhaps as soon as within a couple of months.
Giordana Cycling Opens Pop-Up Shop in Boulder
The Italian-made cycling apparel brand will showcase bestsellers and the latest new releases in a storefront while participating in local events from April to June, 2024.
Imperial Hires Director of Marketing
Jerry Biag fills the newly-created role as director of marketing. He joins Imperial with over 20 years of sales and marketing experience.
Sportsshoes.com Appoints First Partnerships Coordinator
Georgia Malir will manage run and fitness community partnerships. She joins the company from Saucony, where she was a technical rep.
DHS Outlines Enforcement Actions to Support U.S. Textile Jobs
The Department of Homeland Security outlined an enhanced strategy to combat illicit trade and level the playing field for the U.S. textile industry, which accounts for over 500,000 U.S. jobs and is deemed critical to U.S. national security.
Christy Sports Shuttering All New Mexico Stores
Christy Sports operates six stores in New Mexico, including four in Taos Ski Valley under the banners Cottam’s, Alpine Xtreme and Bootdoctor’s. One location in downtown Taos is under Cottam’s, and there is one seasonal Cottam’s in Santa Fe.
Consumer Confidence Index Flat in March, but Outlook Index May Signal Trouble Ahead
The Consumer Confidence Index was 104.7 in March, essentially unchanged from February. But the Expectations Index, based on consumers’ short-term outlook for income, business and labor market conditions, fell to 73.8, which is in recession territory.
NRF: Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year-over-year, slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending.
Sportsman’s Warehouse Posts DD Same-Store Sales Decline in Q4; Swings to Loss
The retailer reported lower-than-expected Q4 sales for the 14-week period ended February 3, but indicated it was successful in reducing excess inventory. Same-store sales decreased 12.8 percent on a 13-week comparable basis.
G/Fore Arrives in the Big Apple
The pop-up retail space at 536 Madison Avenue is said to be consistent with the company’s locations in Scottsdale, AZ and Palm Beach, FL.
Oros Labs Secures $22M in Series B Funding
The thermal solutions company serves an array of dual-use applications. The funding round was led by Airbus Ventures.
Hurley Names New Licensee for Women’s Sportswear and Activewear
Hurley, owned by Bluestar Alliance, named Mamiye Brothers the new licensee for its women’s sportswear and activewear lines, commencing its Spring 2025 collection.
