SGB Update Apparel
Mountain Khakis Grows Product Team Again
Mountain Khakis announced two more additions to the product team: Jennifer Fernandez and Lisa Reinhart. Both based out of Charlotte, NC, Fernandez will take on the role of product line manager and Reinhart as senior development manager.
SFIA To Testify Against China Tariffs
Bill Sells, SFIA’s senior vice president of government & public affairs, will testify on behalf of the sports & fitness industry on Tuesday, June 25, 2019. Sells plans to say, “We strongly oppose the proposed tariffs because they will disrupt our members’ business models, cause lasting economic harm to American sports companies, and result in higher prices paid by millions of American consumers.”
Zion Williamson’s Nike Sneakers Up For Auction
A pair of Zion Williamson’s Nike sneakers he wore as a college player at Duke University are being offered for sale in the Goldin Auctions 2019 Summer Auction beginning on July 8 at GoldinAuctions.com.
Tillys’ Men’s Buyer Joins Rue21
Rue21 appointed Michael Cingolani, formerly division merchandising manager for men’s and boys apparel at Tillys, as its vice president of guys merchandising.
Champion Partners With NBPA
The National Basketball Players Association (NBPA) and THINK450 announced a partnership with Hanesbrands Inc. that will recognize Champion as the official sport style partner of the union.
NCTO CEO Testifies At USTR Hearing On Tariffs
National Council of Textile Organizations (NCTO) President and CEO Kim Glas is testifying at a public hearing on June 20 in support of the administration’s efforts to crack down on China’s abuse of intellectual property rights through the use of the Section 301 mechanism, while also calling on the administration to include finished apparel and home furnishings in any retaliatory tariffs against China.
Bemis Associates Appoints President
Bemis Associates Inc., a maker of plastic film used for adhesives, selected Michael Johansen as its new president. The current CEO and president, Steve Howard, will step down from his role as president to focus his attention solely on the CEO responsibilities,
Arc’teryx Launches Repurposing Program
Arc’teryx launched of a recommerce program called Rock Solid Used Gear. Arc’teryx will buy back used gear in good condition, clean and repair products and resell the items at a lower cost.
Imperial Headwear Expands Sales Team For Action Sports
Imperial Headwear, the headwear brand, announced the addition of Blair Wheeler as sales manager of Action Sports, a new venture for Imperial Headwear.
S&P Downgrades Academy Sports’ Debt Ratings
Standard & Poor’s lowered its issuer credit rating on Academy Sports to ‘SD’ (selective default) from ‘CCC+’ and the issue-level ratings on the term loan facility to ‘D’ from ‘CCC+’ due to the retailer’s repurchase of debt.
OIA’s Rich Harper Speaks Out On Potential Tariffs Impact
At hearings before the U.S. Trade Representative’s Office, Rich Harper, manager of international trade, OIA, said the proposed List 4 tariffs on $300 billion worth of Chinese imports would “raise costs for outdoor companies, cut already thin profit margins, hamper innovation and new product development and depress U.S. job growth.”
3N2 To Sponsor Full Sail Armada Esports Teams
3N2, the Orlando-based designer and manufacturer of custom apparel and footwear, has been named an official sponsor of Armada, Full Sail University’s collegiate esports organization.
Under Armour Appoints SVP Of Sports Marketing
Under Armour Inc. announced the appointment of Sean Eggert as its new senior vice president of global sports marketing. Eggert joins Under Armour from Red Bull.
Hibbett Delays 10Q To Review Lease Accounting
In a regulatory filing, Hibbett Sports Inc. said it will be unable to file its quarterly report for the quarter ended May 4, 2019 with the Securities & Exchange Commission within the prescribed time period due to the company’s need to further review its recent adoption of the Financial Accounting Standards Board’s Accounting Standards Update (ASU) regarding leases.
New Balance Comes Out Against Tariffs
New Balance, which has previously backed President Donald Trump’s trade policies, submitted a letter to the USTR strongly opposing President Trump’s latest threat to expand tariffs on China.
