SGB Update Apparel

Tariffs Give Pause To Holiday Shoppers, Study Shows

According to Coresight’s Holiday 2019: U.S. Shopper Survey, almost six in 10 holiday shoppers are concerned about tariffs causing prices to rise on holiday gifts. Only 16 percent would absorb those rises and increase their spending.

Top Of The World Partners With Spyder

Top of the World and Authentic Brands Group (ABG) announced a partnership to create a Spyder collegiate apparel collection. The Spyder assortment will launch in major retailers including Dick’s Sporting Goods, Amazon, Lids, Scheels and select campus bookstores this September.

China Files WTO Complaint Against U.S.

On Monday, Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the latest round of tariffs violated a consensus reached by leaders of both countries in Osaka, Japan.

J.C. Penney’s Debt Rating Downgraded By S&P

Standard & Poors Corp. lowering its debt ratings on J.C. Penney Corp. Inc. due to continued revenue declines and the increasing likelihood that they’ll have to pursue a distressed debt exchange.

Surf Expo Cancelled Due To Hurricane Dorian

Due to the continued threat of Hurricane Dorian on Orlando, the state of Florida, the southeast and the east coast, Surf Expo announced that it will cancel the 2019 event, as well as the pre-show outdoor festival, Waterfest, on September 4, at the Orange County Convention Center in Orlando, FL.

Two Former VF Executives Join Abercrombie & Fitch

Abercrombie & Fitch Co. announced two key senior hires to lead its Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. Daniel Le Vesconte and Olga Wu recently joined A&F Co. as group vice presidents, overseeing the company’s EMEA and APAC operations, respectively.

Puma Signs R.J. Barrett

Puma signed former Duke Basketball star and current New York Knick, R.J. Barrett, to an endorsement deal. Barrett was the third pick in the 2019 NBA Draft and is being touted as a possible breakout star.

Tilly’s Q2 Comps Inch Up 0.6 Percent

Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.