SGB Update Apparel

Alberto Salazar Banned For Four Years For Doping Violations

October 1, 2019

Alberto Salazar, the former star runner and a coach to top runners, has been banned from the sport for four years for doping violations. The United States Anti-Doping Agency (USADA) found that Salazar had been “orchestrating and facilitating prohibited doping conduct” while he was head coach of Nike’s Oregon Project.

Levi Strauss Announces More Than $380,000 To Fund Future Apparel Leaders

September 26, 2019

Levi Strauss & Co. (LS&Co.) announced it is granting more than $380,000 to the second class of LS&Co. Collaboratory fellows who are working to create a more sustainable apparel industry.

Hibbett And City Gear Now Available Online With A Single Click

September 26, 2019

Hibbett and City Gear announced that they have teamed up to provide a new digital experience for customers. Shoppers can now browse and shop both brands online through a single website and app.

Kering Reduces Puma stake

September 25, 2019

Kering is moving to reduce its stake in Puma by issuing bonds that can be exchanged for shares in the brand, according to Reuters.

Adidas Renews Partnership With Louisiana Athletic

September 25, 2019

Louisiana Athletics and Adidas have entered a three-year partnership in which the Portland, Ore.,-based company will be the official athletic footwear, apparel and accessory brand of the Ragin’ Cajuns through the 2021-22 season

Gap Inc. Appoints New Head Of Athleta

September 25, 2019

Gap Inc. announced the appointment of Mary Beth Laughton as president and chief executive officer of Athleta. She was EVP of Omni retail for Sephora U.S. leading both the e-commerce and stores channels. She previously spent nine years at Nike.

ORR Safety To Be Exclusive Distributor Of Under Armour To Safety Market

September 25, 2019

Orr Safety Corporation, a subsidiary of Orr Corporation, announced it has entered into an agreement with Under Armour, Inc. to be their exclusive distributor to the industrial safety market in the U.S.

Hibbett Announces Appointment Of Interim Chief Financial Officer

September 25, 2019

Hibbett Sports Inc. announced that Scott R. Humphrey is joining the company as interim chief financial officer effective September 29, 2019, replacing Christine Skold who fulfilled her contract term and has accepted a full-time permanent position in Nashville.

VF Corp. Targets 7-To-8 Percent Annual Growth

September 25, 2019

VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.

Nike’s Q1 Blows Past Estimates

September 24, 2019

Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.

YogaClub Attains Funding

September 24, 2019

YogaClub, a size-inclusive activewear subscription service for women based in El Segundo, CA, secured a credit facility of $2 million from Garden City, NY-based Craft Capital Management.

Ninja Nation Launches Global Franchise Program

September 24, 2019

Ninja Nation, a leading provider of obstacle course arenas, formally launched its global franchise program. In announcing ambitious growth plans, company leadership set a goal of creating One Million Heroes – children and adults bettering themselves physically and mentally through unique and ever-changing Ninja Nation obstacle courses.