SGB Update Apparel
Participation In High School Sports Registers First Decline In 30 Years
Participation in high school sports declined in 2018-19 for the first time in 30 years, according to the annual High School Athletics Participation Survey conducted by the National Federation of State High School Associations (NFHS). Leading the decline was a fifth consecutive year of declining football participation.
OIA Protests Tariff Threats
Patricia Rojas-Ungar, vice president of government affairs at Outdoor Industry Association (OIA), issued a statement criticizing the Trump administration’s threat to raise tariffs higher and order U.S. companies to exit China.
Anta’s First-Half Profits Soar
Anta Sports Products Ltd. reported net earnings rose 27.7 in the first half as sales grew more than 40 percent. Ding Shizhong, Chairman of the Board of Directors and CEO of Anta Group, said, “In the first half of 2019, the company maintained a high growth in its performance due to the goodwill of Anta brand, Fila brand and other brands.”
Retail Trade Groups Criticize Tariff War Escalation
A number of retail trade groups issued statements strongly criticizing the Trump administration’s threat to raise tariffs higher and order U.S. companies to exit China. The threats came Friday after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods.
Puma Joins Fashion Pact To Protect Climate, Biodiversity And Oceans
Puma joined a coalition of 32 companies to launch the global Fashion Pact to protect the world’s climate, biodiversity and oceans, which was presented ahead of the G7 meeting in Biarritz.
Nordstrom Launches Sustainable Style Online Category
Nordstrom launched Sustainable Style, an online shopping category for discovering products that are made from sustainably sourced materials, manufactured in factories that meet higher social or environmental standards or that give back.
Hibbett Sports Posts Q2 Loss On Charges
Hibbett Sports Inc. reported a loss in the second quarter although it came in slightly better than Wall Street’s targets. Comps increased 0.3 percent.
Foot Locker’s Q2 Comps Reach Low End Of Expectations
Foot Locker, Inc. reported adjusted earnings fell 18.2 percent in the second quarter ended August 3, coming in just below Wall Street’s targets. Same-store sales inched up 0.8 percent, below the retailer’s guidance. The outlook for the year was maintained.
Ross Stores’ Q2 Comps Increase 3 percent
Ross Stores Inc. reported earnings per share for the second quarter ended August 3, 2019 of $1.14, up from $1.04 last year. Net earnings grew to $413 million, compared to $389 million in the prior year. Sales rose 6 percent to $4.0 billion, with comparable-store sales up 3 percent on top of last year’s strongest quarterly comparison of 5 percent.
Champion And PepWear Team Up On High School State Championships
Champion has become the Premium Brand Partner for PepWear. Throughout the multi-year partnership, PepWear will include Champion Teamwear’s premium and on-trend apparel in its lineup of event merchandise to be sold at state championship events,
Champion Opens Store In Las Vegas
Champion Athleticwear is further expanding its retail presence with its first store in Las Vegas and its sixth U.S. retail specialty store overall, complementing other locations in New York, Los Angeles, Philadelphia, Boston and Chicago.
Stage Stores Reports 1.8 Percent Q2 Comparable Sales Increase
Stage Stores, Inc. reported that for the second quarter, comparable sales increased 1.8 percent. Net loss was $23.9 million, and adjusted EBITDA was a loss of $0.1 million.
Fanatics Partners With The University of Miami
Fanatics Inc. and the University of Miami announced an innovative, 10-year, exclusive licensing partnership, which beginning in January 2020 will see Fanatics become the University’s primary apparel, headwear and hard goods partner. Miami joins several other NCAA partners for which Fanatics is the primary apparel partner.
Dick’s Delivers Best Quarterly Comp Gain Since 2016
Dick’s Sporting Goods raised its full-year guidance after reporting earnings and sales in the second-quarter that topped Wall Street expectations. Comps expanded 3.2 percent, the highest gain since 2016. Said Ed Stack, chairman and CEO. “Our key strategies and investments are working, our major headwinds are behind us and we’ve bent the curve on sales.”
Big 5 Appoints Colleen Birdnow Brown To Board
Big 5 Sporting Goods Corp. announced the appointment of Colleen Birdnow Brown to its board of directors, effective August 21, 2019.
