SGB Update Apparel
VF Corp Appoints Veronica Wu To Board
The board of directors of VF Corporation elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019.
Report: Dave Dombrow Exits Under Armour
Dave Dombrow, Under Armour’s chief design officer, has left the company, according to a report from Footwear News.
Zumiez Delivers Robust Holiday Quarter
Profits at Zumiez Inc. shot up 48.5 percent in the fourth quarter. Comparable sales increased 3.9 percent.
Tilly’s Scores Best Quarterly Comp Since 2011
Tilly’s Inc. reported fourth-quarter earnings jumped 29.9 percent on 3.8 percent revenue gain. The action-sports chain saw its strongest quarterly comp since 2011.
Brooks Promotes Dan Sheridan To EVP, COO
Following a successful year in which the brand reported a 26-percent year-over-year increase in global revenue, Brooks Running Company has promoted Dan Sheridan to a newly configured role of EVP and chief operating officer. Responsibilities include leadership of the brand’s sales, e-commerce, digital, supply chain and information technology (IT) teams.
Genesco Q4 Exceeds Guidance On Journeys Momentum
Genesco Inc. reported earnings excluding non-recurring items rose 18.8 percent in the fourth quarter. Comps grew 4 percent, led by a 7 percent climb at the Journeys chain.
Under Armour’s Social Compliance Program Accredited By The Fair Labor Association
The Fair Labor Association (FLA) announced that its board of directors has accredited the social compliance program of Under Armour Inc. The accreditation confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.
Stars Come Out For National Health Through Fitness Day
Athletes in attendance at SFIA’s 20th annual National Health Through Fitness Day on Wednesday boasted one World Series, one Stanley Cup, 11 Olympic medals; one Heisman Trophy; seven Pro Bowls invites; one NBA Most Improved Player Award and 10 MLB All-Star Game appearances.
OC Sports Appoints New National Sales Manager
OC Sports, the headwear specialist and holder of the exclusive replica license with MLB and MiLB. promoted Brad Reagan to national sales manager following Joe Rubertino’s retirement.
Adidas, USA Volleyball Launch 2019 Adidas Volleyball Experience
Adidas, USA Volleyball and Next College Student Athlete (NCSA) announced the first-ever Adidas Volleyball Experience. The event is free and open to current high school women’s volleyball players.
The North Face To Sponsor Mountainfilm
Mountainfilm, the documentary film festival held every Memorial Day weekend in Telluride, CO, announced The North Face as its new presenting sponsor.
Adidas Sees Supply Chain Constraints Slowing Growth In First Half
Adidas said it expects supply-chain bottlenecks in North America to slow its growth to between 3 percent and 4 percent in the first half of 2019 before accelerating in the second half. The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America.
Report: Modell’s Hires Restructuring Adviser
Modell’s Sporting Goods has retained Berkeley Research Group as its financial adviser to explore restructuring options, including a possible bankruptcy, according to a report from the Wall Street Journal.
Dick’s Sees Return To Positive Comps In Second Quarter
Dick’s Sporting Goods reported fourth-quarter earnings exceeded Wall Street’s targets. Overall earnings and sales fell in the quarter due to a calendar shift. For the full year, the leading U.S. sporting goods chain predicted consolidated same store sales to be approximately flat to an increase of 2 percent, with positive consolidated same store sales beginning in the second quarter.
Nike Partners With UEFA Women’s Football
Nike has reinforced its commitment to the growth of women’s football by agreeing a landmark partnership with UEFA. The three-year deal sees Nike become an official partner of UEFA Women’s Football and the match ball supplier for UEFA Women’s competitions.
