SGB Update Apparel
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.
Fila Enters Esports With Counter Logic Gaming Partnership
Fila has partnered with Counter Logic Gaming to become the official apparel provider for its Fortnite team.
Delta Apparel Included In Russell 3000 And Small-Cap Russell 2000 Indexes
Delta Apparel Inc. announced that it has been included in the preliminary list of additions to join the broad-market Russell 3000 Index after market close on June 28, 2019. The various Russell indexes are reconstituted annually to reflect the 4,000 largest US stocks based on total market capitalization.
Bass Pro, Bluegreen Vacations, Settle Dispute Over Timeshare Sales Tactics
Bluegreen Vacations, the timeshare marketer based in Boca Raton, FL, will pay more than $40 million to Bass Pro Shops to settle a dispute over Bluegreen’s alleged high-pressure sales tactics. The settlement allows Bluegreen to resume sales at kiosks inside Bass Pro’s locations.
Lord & Taylor’s President Exits
Lord & Taylor’s president, Vanessa LeFebvre, is leaving.
