SGB Update Apparel
Crocs Inc. Sees Q4 Growth Slow as N.A. Wholesale Declines
Fourth quarter revenues were $960 million, an increase of just 1.6 percent, or 1.5 percent on a constant-currency (CC) basis, from the corresponding period in 2022. North America Wholesale declined 5.1 percent in Q4.
Skechers U.S.A. Completes a Retail 5K on Way to Store Number 10,000
Expanding its international store count, key store openings for Skechers leading up to the milestone are in Chile, Greece, India, Mexico, South Korea, the United States, and the 5,000th store in Bogotá, Colombia.
Hanesbrands, Inc. Cutting 159 Jobs, Closing NC Distribution Center
HBI plans to permanently lay off another 159 workers in April when it repurposes a DC in Winston-Salem, NC, according to a WARN notice sent to the state of North Carolina on February 5, with an effective date of April 5, 2024.
Forward Outdoor Under New Management with Industry Veterans
Industry pros Tony McWilliam and Lionnel Ducruet bring fresh vision to brand with new 2024/25 collection.
Hartford Sales Group Appoints New Rep for NorCal Coast
Mark Blesius joined the award-winning agency, covering the Northern California Coast. Blesius was, most recently, the senior regional account manager covering the Southwest region for Asics America.
VF Corp. Aligns with Activist Investor, Appoints New Indie Board Member
VF will appoint another independent director to the Board in the near term, mutually agreed with Engaged Capital and will prioritize considering the candidates identified by Engaged Capital.
EXEC: Topgolf Callaway Sees All Segments Grow in Q4 But Loss Widens
Revenue grew 7 percent at Topgolf, 5 percent in the Golf Equipment segment and 3 percent in the Active Lifestyle segment. The company’s net loss increased 6.1 percent on a GAAP basis and 10.6 percent a non-GAAP basis.
O’Neill Opening Brand Store in Honolulu with Hawaiian Island Creations
The flagship store, on Kalākaua Avenue in Honolulu, HI, joins eleven other Hawaiian Island Creations store locations on Oahu and more across Maui and the Big Island.
Nordstrom, Inc. to Add Another Rack Store in New Jersey
The 26,000-square-foot store will be located in Manalapan Commons, a shopping center that includes Best Buy, Panera Bread, Five Below, PetSmart, and Raymour & Flanigan.
Nike Mourns the Loss of Ambassador Athlete Kelvin Kiptum
Kelvin Kiptum, who shattered the Chicago Marathon course record in only his third marathon in October 2023, tragically died Sunday in a car accident. Nike wrote on their website that Kiptum was “an inspiration to countless athletes and fans around the world.”
Lacoste Names New Head of Finance
Philippe Gautier returns to Paris and assumes the role of executive vice president of Finance for Lacoste from Denis Lamoureux who has been in the position since 2017.
Delta Sees Salt Life Sales Inch Up in Q1 on DTC Gains; Activewear Falls 28 Percent
Delta Apparel, Inc. reported net sales of $79.9 million for the first quarter ended December 30, a 25.5 percent decline compared to prior-year period net sales of $107.3 million.
Perfect Moment Closes Its Initial Public Offering
Perfect Moment, Ltd. closed its initial public offering of 1,334,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of approximately $8 million.
Deckers Brands Taps into Nike Running Leadership for New Hoka President
Robin Green has an extensive track record of leading and operating complex global businesses while delivering transformative results and brand growth, most recently as global VP of men’s running and fitness for Nike, Inc.
Report: January Year-Over-Year Retail Sales Trend Accelerates from December Trend
January sales were up in six out of nine retail categories on a yearly basis, led by online sales, health and personal care stores and clothing and accessory stores, and up in five categories on a monthly basis.
