SGB Update Apparel
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.
Under Armour Partners With Eastern New Mexico University
Under Armour signed Eastern New Mexico University (ENMU) to a four-year sponsorship deal.
RYU Apparel Sees 31 Percent Q2 Revenue Increase
RYU Apparel Inc. reported revenue in the second quarter of 2019 was Canadian $1.5 million, 31 percent higher than the same period in 2018.
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.
