SGB Update Apparel
Foot Locker To Ramp Up Capital Spending In 2019
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2019, compared to the approximately $200 million in 2018. The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives.
USA Gymnastics Appoints President
USA Gymnastics announced that Li Li Leung has been appointed president and chief executive officer . Leung most recently served as a VP at the National Basketball Association (NBA), where she has been responsible for managing key partner relationships.
Pony Reaches New Licensing Agreement With One Step Up
Iconix Brand Group Inc. has signed a new agreement with One Step Up to be the exclusive apparel and footwear licensee for the Pony brand in North America.
Colorado Store To Close After Nike/Kaepernick Boycott
A Colorado sports apparel and memorabilia store is closing following its move to stop selling Nike product as a protest against the brand’s embrace of Colin Kaepernick.
JD Sports Acquires Stake In Footasylum
JD Sports has purchased an 8 percent stake in Footasylum, which has 70 stores in the United Kingdom.
New Era To Sponsor Australian Esports Team
New Era has signed on as the official apparel partner of Essendon Football Club’s esports team.
Brazil’s Centauro Files For IPO
Grupo SBF, owner of the Brazil sporting goods chain Centauro, filed for an initial public offering on the São Paulo stock exchange.
Lululemon Expands Parental Leave Policy
Lululemon said it will now offer its employees three to six months of paid parental leave.
Eddie Lampert Steps Down As Sears’ Chairman
Eddie Lampert will step down as chairman of Sears Holdings Corp’s board, effective immediately, according to a regulatory filing.
Macy’s Names Patti Ongman Chief Merchandising Officer
Macy’s Inc. announced that Patti Ongman has been named chief merchandising officer of the Macy’s brand, effective March 1, 2019. Ongman succeeds Jeff Kantor in this role, who previously announced his decision to retire.
Lorna Jane Continues Expansion
Lorna Jane, the Australian women’s activewear brand, is opening eight more stores in the U.S. to bring the brand’s store count to 38.
Yue Yuen’s January Sales Surge
Yue Yuen reported revenues of $924.0 million against $737.1 million a year ago, a gain of 25.4 percent.
Newell Brands’ Q4 Earnings Hit By Impairment Charge
Newell Brands reported a sharp decline in operating earnings in the fourth quarter as it absorbed a $157 million impairment charge. The Home & Outdoor Living segment saw a core sales decline of 3.0 percent, largely driven by lost distribution for Coleman at a key U.S. retailer.
2018 Holiday Sales Grew 2.9 Percent
Holiday retail sales during 2018 grew a lower-than-expected 2.9 percent over the same period in 2017 to $707.5 billion, the National Retail Federation said today after the Commerce Department released data that had been delayed by nearly a month because of the recent government shutdown.
Future Plc Acquires Cycling News And Procycling Magazine From Immediate Media
Future Plc announced the acquisition of two specialist consumer brands from Immediate Media Co. – CyclingNews.com and Procycling Magazine.
