SGB Update Apparel
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.
Mizuno’s America Region Returns To Profitability
Mizuno Corp said its America region returned to profitability for the first time in four years. Sales fell for the third straight year.
Descente’s Earnings Slide In The Year
Descente Ltd. reported net income declined 31.7 percent in its year ended March 31 due to an increase in SG&A expenses and impairment charges related to Inov-8 and Skins. Revenues inched up 0.9 percent.
Sustainable Apparel Coalition Launches Technology Venture Higg Co.
The Sustainable Apparel Coalition announced the launch of Higg Co., a public benefit company that will develop the technology that delivers the Higg Index. The Higg Index is a suite of sustainability assessment tools used globally by brands, retailers and manufacturers to measure the environmental and social performance of a company or product.
Lululemon Strips Founder Chip Wilson Of Right To Appoint Board Member
Lululemon in a regulatory filing declared that founder Chip Wilson’s right to appoint a board director has been terminated.
Eddie Bauer Reaches $9.8M Settlement Over Data Breach
Eddie Bauer agreed to a settlement with Iowa-based Veridian Credit Union over a class action lawsuit related to a 2016 data breach, according to documents filed in the U.S. District Court for the Western District of Washington. The retailer admitted no wrongdoing in the filing.
