SGB Update Apparel
Utah Cycle Shop Acquired By Robert DeMartini
Park City Bike Demos has been acquired by Robert DeMartini, the former CEO of New Balance who are recently appointed CEO of USA Cycling.
Skateboarding Legend Andy Macdonald Partners With Extract Labs
CBD manufacturer Extract Labs and professional skateboarder Andy Macdonald will be partnering in 2019 to spread knowledge about the benefits of CBD to the action sports community.
Lindsey Vonn Joins Under Armour’s Project Rock
Lindsey Vonn, a long-time Under Armour athlete who recently retired from competitive skiing, will join Team Project Rock alongside fellow Under Armour athlete, Dwayne “The Rock” Johnson, as a global ambassador for the Project Rock collection.
Belle Intl Hires Underwriters For IPO For Sportswear Unit
Belle International, the Chinese footwear retailer, has hired Bank of America Merrell Lynch to help prepare for a Hong Kong listing of its sportswear business this year, sources told Reuters.
Target’s Q4 Comps Climb 5.3 Percent
Target Corp. reported fourth-quarter earnings rose 12.5 percent on an adjusted basis and exceeded Wall Street’s expectations. Fourth quarter comps grew 5.3 percent on traffic growth of 4.5 percent.
Kohl’s Q4 Tops Wall Street’s Targets
Kohl’s Inc. reported better-than-expected earnings and revenue in the fourth quarter and provided an upbeat outlook for 2019. Earnings on an adjusted basis rose 17 percent on lower operating expenses and a 1 percent same-store gain.
Academy Sports To Open New Stores In Terrell and Frisco, Texas
Academy Sports + Outdoors announced that it will be opening new stores in Terrell, TX, and Frisco, TX, this year.
Berkshire Hathaway Sees 4.6 Percent Gain in Apparel/Footwear Sales in 2018
Berkshire Hathaway reported apparel and footwear revenues increased 4.6 percent in 2018 to $4.3 billion, primarily due to increased sales volume at Brooks Sports and Garan.
U.S. And China Near Deal
The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs, according to multiple reports.
Bandier Secures $34M In Funding
New York City-based Bandier, the women’s activewear retailer, has raised $34.4 million in funding. The investors included C Ventures and Eurazeo Brands, which is taking a minority stake in Bandier. Adrienne Lazarus, who formerly led
Frye and Intermix, has been hired as CEO.
Report: Under Armour To Lay Off 50 At Headquarters
Under Armour is laying off 50 people at a headquarters in Baltimore as part of the cuts it announced last year.
Century 21 Stores Celebrates FUBU
Century 21 Stores announced an exclusive collaboration with FUBU, the sportswear brand of the ’90s. The capsule collection will introduce 10 styles, based on classic pieces that redefined streetwear over 25 years ago.
Iconix Appoints CFO
Iconix Brand Group Inc. announced that John T. McClain has been appointed chief financial officer.
Foot Locker Smashes Wall Street’s Targets In Q4
Foot Locker Inc.’s fourth-quarter earnings came in well above Wall Street’s consensus estimate as same-store sales surged 9.7 percent. Said Dick Johnson, CFO, “The fundamentals of our core business remain strong and led to meaningful improvement in our financial results, not only during the fourth quarter but throughout 2018.”
Adidas Signs NFL Draft Prospects
Adidas announced new multi-year partnerships with Marquise Brown, WR from Oklahoma and Hakeem Butler, WR from Iowa State.
