SGB Update Apparel
Report: February Retail Sales May Reflect Anxious Consumer Spending
February’s core retail sales, as defined by the NRF, were up 0.9 percent seasonally-adjusted month-over-month but down 0.2 percent unadjusted year-over-year because of the comparison against unusually high sales in February 2024.
Fanatics and the MLB Open Largest MLB Ballpark Store in Tokyo
The MLB Official Store at the Tokyo Dome, spanning 31,000 square feet, will employ 700 staff members. It is one of several MLB retail stores in the city, including official stores at Miyashita Park and the Tokyo Skytree.
Tailored Brands, Inc. Appoints Two New Board Members
The omnichannel specialty retailer of menswear, appointed Julie B. Rosen and Lewis L. Bird, III, as members of its Board of Directors, effective March 2025. Rosen and Bird collectively bring nearly seven decades of retail and business experience to their roles.
OR and Surf Expo Parent Swings to Q4 Profit on 5.2 Percent Revenue Growth
The Q4 increase was reportedly driven primarily by $6.1 million in organic revenue growth and $4.8 million in revenue from acquisitions, offset by scheduling adjustments of $3.7 million and prior-year revenue of $1.9 million related to discontinued events that were not contributing to profitability.
The Buckle Posts Flattish Q4 Net Sales on 3.9 Percent Comp Sales Gain
Online sales outpaced the store base in Q4, increasing 6.4 percent to $69.7 million for the 13-week fourth quarter, compared to net sales of $65.5 million for the 14-week period ended February 3, 2024.
Fossil Group Appoints New Chief Financial Officer
Randy Greben will oversee Fossil Group’s global financial strategy, focusing on leading the organization’s financial turnaround and business transformation. He replaces interim CFO Andrew Skobe, effective March 17.
Perfect Moment Appoints Former Timberland Exec as General Counsel
Kristine Marvin previously served as vice president and general counsel at Timberland, where she oversaw its corporate governance, brand protection, trade compliance, and risk management.
Duluth Trading Sees Q4 Results Hurt by Retail Stores, Fulfillment Issues
Direct-to-consumer net sales increased by 0.4 percent to $172.9 million compared to the prior-year fourth quarter driven by greater penetration of mobile. Retail store net sales decreased by 6.9 percent to $68.4 million.
Sam Sato Sets Retirement from Duluth Trading Company CEO Role
During the transition period through April 25, Stephen L. Schlecht, the company’s chairman of the Board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance.
G-III Apparel Posts “Incredible Year” as Company Transitions Brands
Growth in key owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin will continue to deliver double-digit sales increases and help offset the reduced sales of Calvin Klein and Tommy Hilfiger licensed businesses.
Perfect Moment Gets NYSE American Approval on Listing Compliance Plan
The plan reportedly details the company’s strategy to regain compliance with continued listing standards for stockholders’ equity by June 11, 2026.
BSN Sports Parent Varsity Brands Taps into Pro Athlete Investors at Patricof Co
Over 45 of Patricof Co’s global athlete clientele, representing all major U.S. sports, have invested in Varsity Brands. This investment underscores P/Co’s commitment to “partnering with companies transforming the landscape of sports and community engagement.”
Rupert Campbell Appointed Chief Commercial Officer for HeyDude
Campbell was, most recently, the president of Adidas North America, where he was responsible for leading one of the brand’s most critical markets and building relationships with wholesalers, partners and athletes.
Rural King Opens its Fifth Alabama Store in Saraland
The store carries a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
United Legwear & Apparel Taps Tony Lucia as President of ULAC Europe BV
ULAC is the licensee and core operating partner for all men’s Hurley apparel categories. The company is also a Puma NA joint venture partner, has distribution partnerships with Scotch & Soda and Ted Baker and maintains licensed brands including Skechers, Van Heusen, DKNY, Champion, Arrow, and Weatherproof.
