SGB Update Apparel
MEC Leads Fifth Annual Gustavson Brand Trust Index
The Peter B. Gustavson School of Business at the University of Victoria unveiled its fifth annual Gustavson Brand Trust Index that showed Mountain Equipment Co-op (MEC) led this year’s ranking as the most trusted brand in Canada.
Nike’s Impact Report Shows Progress On Diversity
Nike Inc’s FY18 Impact Report showed Nike saw a 4 percent increase of VP-level representation of women in 2018, bringing the total to 36 percent. The report, the company’s first Impact Report, further revealed a 3 percent increase of VP-level representation of U.S. underrepresented groups, bringing the total to 19 percent.
PGA Tour Superstore To Open Four Stores In The Coming Weeks
PGA Tour Superstore announced the opening of four stores over the next two months. The locations include Austin, Boston, Denver and Sarasota.
Kathmandu Splits COO And CFO Functions
Kathmandu Holdings Limited said it is splitting the COO and CFO functions As part of a structural change aimed at enhancing its focus on international expansion while continuing to strengthen its Australasian operation.
NSGA’s Sporting Goods Market Report Shows Slight Industry Gains In 2018
Consumer retail purchases of sporting goods equipment, athletic footwear and athletic apparel increased to $69.9 billion for the categories tracked by the National Sporting Goods Association (NSGA) in 2018, an increase of 1 percent versus 2017.
Title Nine Announces Movers & Makers Pitchfest For Female Entrepreneurs
Title Nine, one of the largest, and the original, female-owned independent specialty retailer in North America, announced the opening of the submission period for its second-annual Movers & Makers Pitchfest.
Slower Tax Refunds And Weather Affect April Retail Sales
Retail sales were down 0.2 percent in April seasonally adjusted from March but up 5.2 percent unadjusted year-over-year, the National Retail Federation said.
Snipes Acquires KicksUSA
European lifestyle retailer Snipes has acquired KicksUSA and will transition its brand, signage and operations to 62 existing KicksUSA stores along the East Coast.
Macy’s Q1 Tops Wall Street’s Targets
Macy’s,Inc. reported earnings declined in the first quarter but easily topped Wall Street’s consensus estimates. Same-store sales inched up 0.6 percent. The department store giant confirmed its guidance for the year.
Adidas Board Re-Elects Igor Landau As Chairman
Adidas re-elected Igor Landau as chairman of the Supervisory Board. In a statement, Adidas said Landau was re-elected “to accompany the current five-year strategic business plan, ‘Creating the New’, through to completion in the 2020 financial year and to ensure a smooth hand-over to a new Supervisory Board chairman.”
JD Sports Fashion Hires Ex-North Face Exec As Non-Executive
JD Sports Fashion PLC appointed former North Face executive Kath Smith as non-executive director with immediate effect.
AAFA Deems New Tariffs Catastrophic For The U.S. Economy
The American Apparel & Footwear Association said it is severely disappointed by the Trump administration’s decision to propose further tariffs on approximately $300 billion worth of U.S. imports, including clothing, shoes, and other textiles from China.
Nike Responds To Backlash Over Maternity Leave Policy
Nike admitted that in the past its female sponsored athletes have had their pay cut back for ‘performance-based payment reductions’ related to pregnancy but it changed the policy in 2018.
PVH Sets New Supply Chain Transparency Targets
PVH Corp. announced the evolution of its Corporate Responsibility (CR) strategy – Forward Fashion – a vision for the future that sets a new level of ambition and transparency; and reinforces its long-standing commitment to sustainable business.
Iconix’s Revenues Drop 26 Percent In Q1
Iconix Brand Group Inc. reported a steep drop in revenues in the first quarter but operating profits improved due to cost-control efforts.
