SGB Update Apparel
Unifi Lowers Full-Year Guidance On Import Pressures
Unifi Inc. reported a net loss in the third quarter ended March 31 and reduced its earnings guidance for the year. The yarns specialist said it’s being hurt by foreign currency headwinds and pricing pressures from increased imports of polyester textured yarn from China and India.
PVH To Make Nike-Branded Underwear
PVH Corp. entered into a licensing agreement with Nike Inc. for the design, sourcing, marketing and worldwide distribution of Nike-branded men’s underwear.
USA Swimming Hires Chief Commercial Officer
USA Swimming, the national governing body for the sport of swimming in the U.S., hired Shana Ferguson, a former Under Armour executive, as its new chief commercial officer (CCO).
Fabletics To Open 12 Stores In 2019
Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013, announced its New York City debut with the opening of a pop-up shop in SoHo. The pop-up space kicked off the brand’s 2019 retail expansion which will include 12 new permanent retail stores throughout the U.S.
Academy Sports Opens Store in Ardmore, OK
Academy Sports + Outdoor opened its first store in Ardmore, OK, representing its 13th store in Oklahoma.
Report: Modell’s Re-Secures Vendor Support
A report that ran Sunday in the Wall Street Journal shows that Modell’s Sporting Goods has regained shipments from the wide majority of its vendor base following concerns over the sporting goods retailer’s hiring of a restructuring firm.
RYU Announces Three New Appointments To Executive Team
RYU Apparel Inc., creator of urban athletic apparel, announced the appointments of Ryan Lindholm as SVP of marketing and innovation, Danielle Hinan as director of brand and Bethany Young as creative product design director.
’47 Partners With We Are Nations
Esports retail and merchandise company, We Are Nations, and global sports lifestyle brand, ’47, announced a partnership that will include headwear and other sports merchandise to be developed and sold in the esports space.
Stance Partners With NBA 2K League
The NBA 2K League agreed to a multi-year partnership with Stance to serve as the league’s official sock provider.
Descente To Close North American Skiwear Subsidiary
Descente announced plans to shutter its North American skiwear business by the end of its current fiscal year, which ends Mar. 31, 2020.
Hibbett Sporting Goods Appoints Interim CFO
Hibbett Sporting Goods appointed Christine E. Skold, a CPA, consultant and former executive of Tractor Supply Company, as interim chief financial officer, effective April 26, 2019, according to a regulatory filing.
Mother’s Day Spending Predicted To Hit Record $25 Billion
Mother’s Day spending is expected to total a record $25 billion this year, up from $23.1 billion in 2018, according to the annual survey released by the National Retail Federation.
Puma’s Q1 Revenues Climb 15 Percent
Puma SE reported earnings jumped 40.1 percent in the first quarter as sales improved 15.3 percent and gross margins expanded 80 basis points. Sales in the Americas grew 16.3 percent on a currency-neutral basis. Bjørn Gulden, CEO, said: “The first quarter of 2019 was the best quarter Puma has ever seen.”
Adidas Extends Eastern Illinois Sponsorship
Eastern Illinois University agreed to a new five-year apparel contract with Adidas that runs through 2024.
ViewSport Becomes Ironman Sponsor
Ironman has announced a new multi-year global partnership with sports apparel company ViewSport to become the Official Recreational Apparel Partner of Ironman. ViewSport will also be the title sponsor for the Ironman Lake Placid triathlon.
