SGB Update Apparel
Nordstrom’s Q4 Impacted By Weakness At Full-Price Stores
Nordstrom reported earnings before interest and taxes (EBIT) slid 4.9 percent in the fourth quarter due to soft sales at its full-price stores that led to markdown pressures.
Gap To Spin Off Old Navy
Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City.
Golf Rounds Played Show Gains In January
According to Golf Datatech, golf rounds played in the U.S. were up 2.8 percent in January.
U.S. Polo Assn. To Outfit USPA College Polo Teams
USPA Global Licensing Inc. (USPAGL), the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. will be outfitting college polo players through a new nationwide collegiate outreach program.
Fanatics Hatches Deal With South Korea’s Coupang
Fanatics reached an agreement to become the exclusive provider of fan merchandise on Coupang, South Korea’s largest internet marketplace. The deal marks Fanatics’s second global marketplace deal after an agreement with Walmart was announced last month.
JCPenney’s Q4 Earnings Tumble
JCPenney Co. reported a steep drop in earnings in the fourth quarter ended February 2 although they were better than Wall Street’s expectations.
JCPenney Welcomes Chief Merchant And New Leaders To Executive Team
J. C. Penney Company, Inc. said Michelle Wlazlo will join the company as executive vice president, chief merchant, reporting to Jill Soltau, chief executive officer of JCPenney.
Puma Takes Over From Nike As Manchester City Kit Supplier
Puma and City Football Group have signed a global long-term partnership, which will see Puma supply the reigning English Premier League champions Manchester City, as well as sister clubs in Australia, Spain, Uruguay and China.
Nike Ranked Most Valuable Apparel Brand
Nike ranked as the most valuable apparel brand at $32.4 billion, according to Brand Finance, the brand valuation and strategy consultancy.
Sports Stars To Support PHIT Act On Capitol Hill
On March 13, 2019, the Sports & Fitness Industry Association (SFIA) will be hosting the 20th annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act. Herschel Walker, Steve Garvey and Carl Lewis will be among the sports legends in attendance.
Dick’s Sporting Goods Announces 22 Percent Increase In Quarterly Dividend
Dick’s Sporting Goods’ board of directors authorized and declared a quarterly dividend of $0.275 per share on the company’s common stock and Class B common stock.
Academy Sports To Open Five Stores
Academy Sports + Outdoors announced plans to open five stores. The stores will open in Georgetown, TX; Buford, GA; Gastonia and Mooresville NC; and Ardmore, OK.
Nike Signs 13-Year Old Female Soccer Phenom
Nike has signed a multiyear endorsement deal with Olivia Moultrie, the 13-year-old soccer standout, according to The New York Times.
Under Armour Lays Off Warehouse Workers
Under Armour has laid off 111 employees at a distribution center in Rialto, CA, according to the San Bernardino County Sun.
Big 5 Logs Loss In Q4, Sees Improvement In Q1
Big 5 Sporting Goods Corp. reported a loss of $5.1 million, or 24 cents a share, due to asset impairment and contract termination charges and lower margins. Same-store sales improved 1.1 percent in the period. The west-coast sporting goods chain predicted a profit against a loss in the first quarter.
