SGB Update Apparel
The North Face Signs Lease In Mexico City
The North Face has signed a long-term lease at Town Square Metepec, a new lifestyle retail and entertainment center in Mexico City totaling 1.7 million square feet, according to real estate company Thor Equities Group.
Kohl’s Lifts Guidance On Improved Q3
Kohl’s Inc. raised its guidance for the year after reporting third-quarter results topped Wall Street’s targets. Earnings in the third quarter rose 38 percent as comps grew 2.5 percent.
TJX’s Q3 Disappoints With Holiday Guidance
The TJX Companies Inc. reported third-quarter earnings improved as comps grew a stronger-than-expected 7 percent but earnings came in lower than Wall Street’s targets and the off-price retail giant gave weak guidance for the holiday quarter.
Former Louisville Recruit Brian Bowen Sues Adidas
A law firm filed a federal suit on behalf of Brian Bowen, former Louisville and South Carolina basketball recruit, against Adidas, alleging “violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act.”
Nike Inc. Appoints John Rogers To Board
Nike Inc. announced John W. Rogers, Jr. has been appointed to the company’s board of directors. Rogers, 60, is founder, chairman, CEO and chief investment officer of Ariel Investments LLC.
Urban Outfitters Beats Earnings & Sales Expectations
Urban Outfitters Inc. on Monday announced net income of $78 million and $212 million for the three and nine months ended October 31, 2018, respectively. Earnings per diluted share were 70 cents—beating estimates by 7 cents—and $1.92 for the three and nine months ended October 31, 2018, respectively.
OBIT: James Laux, Laux Sporting Goods
James Laux, the former president of Laux Sporting Goods with two stores in Western New York, has passed away at the age of 90, according to The Buffalo News.
The North Face Announces Giving Back Initiatives
As the temperatures drop across the U.S., The North Face is ramping up how it gives back to its community of explorers in two major ways—the Explore Fund and a $250,000 Move Mountains grant created in memory of a long-time leader at The North Face, Ann Krcik.
Fanatics, Ticketmaster Team Up To Integrate Game Tickets And Sports Merchandise
Fanatics, the global leader in licensed sports merchandise, and Ticketmaster, the global leader in ticketing, on Monday announced a long-term, industry-first partnership that will integrate official verified tickets and official licensed merchandise in the fan shopping experience of both sites.
Columbia Appoints Troy Sicotte As Mountain Hardwear VP Of Sales
Columbia Sportswear Co. on Monday announced the appointment of Troy Sicotte to serve as vice president of sales, North America for the Mountain Hardwear brand, effective October 22, 2018.
RYU Opens Flagship NYC Store
RYU Apparel is opening a store in Brooklyn’s Williamsburg section. The Vancouver-based fitness apparel firm has one other U.S. store in Venice, CA and will soon open another in Newport Beach, CA.
Hanesbrands Signs Lease For North Carolina Distribution Center
Hanesbrands, the parent of Champion and Gear For Sports, signed a lease at a distribution center in High Point, NC to support its Champion brand, according to the Triad Business Journal.
Woolrich Closing Woolen Mill In Woolrich, PA
Woolrich Inc. announced that it will be closing the Woolen Mill in Woolrich, PA. The fabric manufacturing operations will cease by the end of the year and will affect up to 40 employees in the mill.
Converse Signs Washington Wizards Forward
Converse has signed Kelly Oubre Jr., forward for the Washington Wizards, to a multi-year footwear and apparel endorsement deal. Oubre is expected to wear Nike footwear on court and Converse footwear and apparel casually.
Stephen Curry And Alex Morgan Join PGA Jr. League Ambassador Team
Golden State Warriors All-Star and two-time NBA MVP Steph Curry and Olympic Gold Medalist and FIFA Women’s World Cup Champion Alex Morgan have been named the newest PGA Jr. league ambassadors.
