SGB Update Apparel
Report: Retail Traffic Trends at Nike and Lululemon Ahead of Earnings
With less than 24 hours before Nike and Lululemon report their most recent quarterly results to the market, a recent report from Placer.ai appears to be rather timely as brands, retailers, investors, and consumers look for the bigger picture.
Topgolf Callaway Not Aware of any Sale Discussions
Topgolf Callaway reported today that the company is “unaware of any discussions” regarding the sale of the business.
Sportsman’s Warehouse Adds Two Key Leadership Hires
The company named Krischelle Tennessen as chief human resources officer and Michael Simpson as chief information officer .
Academy Sports and Outdoors Taps Google, Walmart Vet for Board Director
Monique Picou has over 30 years of supply chain, logistics, strategic planning, operations, digital/technology, and engineering experience. She has worked as the global EVP of Google Cloud supply chain and operations at Alphabet, Inc. since March 2023.
Report: How Retailers and Consumers are Handling Customer Returns
Consumers are more mindful of changing return policies, which results in fees and shortened return windows. What can retailers do to improve customer relationships, as return rates are at 14.5 percent of sales?
Lululemon Appoints Teri List as New Board Member
List currently sits on the Boards of Directors for Microsoft, Visa, Danaher, and DoubleVerify. Previously, she was the EVP and CFO at Gap, Inc., Dick’s Sporting Goods, and Kraft Foods Group.
Kontoor Brands Appoints COO; Promotes Two Execs to Leadership Team
The parent of the Wrangler and Lee denim brands, has appointed Tom Waldron as chief operating officer (COO), effective March 19, 2024, and promoted two others to his new Executive Leadership Team. Christopher Waldeck is leaving the company.
NGF Releases Latest State-By-State Golf Report
Florida has had a specialty license plate, a source of funding for FL junior golf programs, that identifies it as the “Golf Capital of the World.”
Report: Retail Industry Continues to be Largest Private-Sector Employer
The retail industry supported 55 million full- and part-time jobs in 2022, accounting for 26 percent of total U.S. employment, according to a new report released by the NRF.
American Apparel Expands Reach in Australian and New Zealand Markets
American Apparel, owned by Gildan Activewear, is expanding its reach in the Australian and New Zealand markets, releasing its 2024 product line through a dedicated e-commerce website.
Xcel Brands, Inc. Prices Public Offering of Common Stock Shares
All of the shares of common stock are being sold at a public offering price of 65 cents per share, for gross proceeds of $2,134,874, before underwriting discounts and commissions and offering expenses, and included participation from members of Xcel’s management.
Lands’ End, Inc. Authorizes $25 million Share Repurchase Program
The company expects that purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
Hibbett, Inc. Sees Q4 Net Income Decline as Comp Sales Fall 6.4 Percent
Brick-and-mortar comparable sales declined 9.2 percent, while e-commerce increased 6.9 percent on a year-over-year basis, excluding the impact of the 14th week. E-commerce represented 18.9 percent of total net sales for the Fiscal 2024 Q4 period.
Amazon’s Inaugural Big Spring Sales Event Begins March 20
Amazon’s first Big Spring sale kicks off on March 20 and runs through March 25. Free Prime shipping applies during the sale with free same-day or one-day delivery.
G-III Apparel Swings to Q4 Profit as Owned-Brands Increase as Share of Business
The company said it delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of its higher margin, owned brands to 47 percent of fiscal 2024 net sales, up from 40 percent last year.
