SGB Update Apparel
Former Perry Ellis CEO Seeks To Overhaul Board
George Feldenkreis, former chief executive and founder of Perry Ellis International Inc. and the company’s biggest shareholder, has nominated four people to the apparel-maker’s board of directors just a few months after he offered to buy the entire company.
Fleet Feet Opening Tallahassee Location
Fleet Feet announced the acquisition of Capital City Runners, a former running retailer located in Tallahassee, FL out of bankruptcy.
Kavu Announces New Hires In Finance And Sales
Outdoor wear maker Kavu has named Steve Skidmore and Jeremy Goodman to the company’s global executive team as chief finance director and international sales director, respectively, effective immediately.
Adidas Partners With Leicester City
Leicester City Football Club of the Premier League announced a new multi-year partnership with Adidas.
New Balance Partners With Snapchat On Liverpool Liverpool FC Kit Launch
New Balance debuted a shopping experience in the U.S. and U.K. through Snapchat’s new Shoppable AR (augmented reality) technology that lets Liverpool FC fans virtually wear, and then buy, the new Liverpool FC kit.
Puma To Open New York Flagship On Fifth Avenue
Puma has signed a lease deal to open a flagship store on Manhattan’s Fifth Avenue shopping corridor. The three-level, 24,000-square-foot space is at 609 Fifth Ave. at 49th Street, opposite Saks Fifth Avenue.
Tegra Acquires Fjord
Tegra, a leading apparel manufacturing and supply chain provider, announced the acquisition of Fjord LLC, a leading manufacturer of on-field uniforms and gear for elite athletes.
Nordstrom Earnings Rise On 5.8 Percent Sales Growth
Nordstrom Inc. reported earnings of $87 million, or 51 cents per share, in the first quarter ended May 5, compared with $63 million, or 37 cents a share, in the same quarter in fiscal 2017.
Arc’teryx Brings Back Arc’teryx Climbing Academy
The popular outdoor event will be held in the rugged climbing mecca of Squamish, British Columbia, from July 19 – 22, 2018.
J.C. Penney Slashes Full-Year Guidance On Q1 Sales Miss
J.C. Penney’s first-quarter missed analysts’ expectations due to a cooler start to the spring season. The department store chain also cut the company’s full-year earnings outlook.
Dillard’s Q1 Earnings Improve
Dillard’s Inc. reported first-quarter earnings rose 21.4 percent on a 2 percent comp gain. Results exceeded Wall Street’s targets.
Puma Officially Exits Kering
Kering said the company has completed the spinoff of Puma.
NSGA’s Sporting Goods Market Report Shows Retail Sales Reach $69.4 Billion
Consumer retail purchases of sporting goods equipment, athletic footwear and athletic apparel increased to $69.4 billion for the categories tracked by the National Sporting Goods Association (NSGA) in 2017, an increase of 1 percent versus 2016.
Tommie Copper Closes Credit Facility
Second Avenue Capital Partners, LLC, (SACP) announced the company has provided a senior secured credit facility to Tommie Copper, the maker of compression products. The credit facility will be used to fund working capital and additional growth opportunities.
Academy Sports Hires Ken Hicks As Chairman And CEO
Academy Sports + Outdoors announced that Ken C. Hicks, former CEO at Foot Locker Inc. has been appointed chairman and CEO. Departing CEO J.K. Symancyk is leaving the company to pursue another opportunity.
