SGB Update Apparel
Fila Holdings Promotes Todd Klein to Global Brand President
The company appointed Fila USA President Todd Klein to take on the newly created role of global brand president. In addition to his existing responsibilities, Klein will assume responsibility for overall operations of the Fila brand including global product and marketing strategies.
Tilly’s Sees Bright Spot in Footwear in Dismal Holiday Selling Period
Total net sales decreased 7.4 percent to $139.7 million for the 2023 Holiday period compared to $150.9 million for corresponding nine-week Holiday period in the prior year.
Lululemon Athletica Ups Guidance on Solid Holiday Performance
Fiscal Q4 net revenue is now expected to be in the range of $3.17 billion to $3.19 billion, representing a 14 percent to 15 percent increase compared to Q4 2022. The previous guidance range was $3.14 billion to $3.17 billion.
United Sports Brands Names CEO
Phil Gyori was appointed CEO. Most recently, he was the CEO of Pelican Products. His hire follows the company’s recent acquisition by Norwest Equity Partners.
Authentic Inks Partner for Billabong Big & Tall / Plus Size
Profile Ent., a specialist in the Big and Tall/Plus women’s apparel space for over 30 years, will manufacture, wholesale and distribute Billabong Big & Tall men’s and Plus women’s apparel in the U.S. and Canada.
Report: Gen-Z Strava Athletes Most Likely to Build Community for Workouts
The report concluded that while it’s no surprise that Gen Z’s behaviors and habits vary from other generations, they also have different motivators, barriers and interests when it comes to staying active.
National Golf Foundation Makes Board Appointments
The National Golf Foundation (NGF) added Craig Kessler, PGA of America COO, Geoff Cottrill, Topgolf’s chief brand officer, and Edric Funk, Toro’s VP of golf, grounds, and irrigation, to its Board of Directors, effective January 1, 2024.
Costco’s Global Sales Climb 10 Percent In December
Costco Wholesale Corporation reported net sales of $26.15 billion for the retail month of December, an increase of 9.9 percent from $23.80 billion last year. U.S. sales were up 7.3 percent.
Report: U.S. Holiday Online Sales Grow 4.9 Percent
Online spending in the U.S. during the 2023 holiday season climbed 4.9 percent to $222.1 billion in November and December, according to Adobe Analytics. Growth was reportedly driven by sizeable discounts across electronics, toys and apparel, as well as increased usage of the flexible ‘Buy Now Pay Later’ payment option.
Brooks Hires VP of Apparel and Accessories
Brooks Running hired Gabriel Rodriguez as VP of apparel and accessories. Most recently, Rodriguez was the director of run apparel and competitive train/Curry and basketball at Under Armour.
SFIA Re-Elects Ram as Chair; Adds Three New Board Members
SFIA re-elected Jonathan Ram, CEO of Clarks, Inc., as chairman of the Board of Directors for the 2024 term. Isabel Coscia, SVP of marketing at Technogym, Ryan Cruthirds, chief digital commerce and brand development officer at Implus LLC and Koichiro Kodama, president and CEO for Asics North America, were newly elected to the SFIA Board,
The Buckle’s Comps Decline 6 Percent In December
The Buckle, Inc. announced that comparable store net sales for the 5-week period ended December 30 decreased 5.8 percent versus the year-ago period. Net sales decreased 5.0 percent to $203.8 million from $214.5 million a year ago.
Academy Sports’ Former President Lands at Groundworks
Groundworks, the foundation and water management solutions company, hired Michael Mullican as CFO. Last October, Mullican stepped down from Academy Sports as president and CFO to pursue personal and professional opportunities.
Digital Brands Group Lays Out Initial 2024 Guidance
In a release, the company said it expects first-quarter 2024 revenues to approximate $6 million, based on $4.5 million in confirmed wholesale bookings.
UK’s SportsShoes.com Inks Global Marketing Partnership with Parkrun
The UK-based online running shoe, clothing and outdoor gear retailer said in a release it is now exclusively Parkrun’s official retail partner in the UK, while also supporting the global Parkrun community with procurement and distribution of its range of merchandise.
