SGB Update Apparel

Nike Pushing To Promote More Women And Minorities

Nike “has failed to gain traction” in hiring and promoting more women and minorities to senior-level positions, according to a memo sent internally to Nike’s employees Wednesday from Monique Matheson, EVP, global human resources.

Macy’s CFO To Retire

Macy’s Inc.  announced that Karen Hoguet, chief financial officer since 1997, has decided to retire in February 2019, at the completion of the company’s fiscal year.

OIA Issues Statement On China Tariffs

The Outdoor Industry Association (OIA) said that while apparel, footwear and travel goods were not included on the United States Trade Representative’s initial list of products from China subject to higher tariffs, the organization will will continue to make the case that outdoor products should not be included on the final list.

VF Corp. Completes Acquisition Of Icebreaker

VF Corp. has completed the company’s previously-announced acquisition of Icebreaker Holdings, Ltd., a privately-held company based in Auckland, New Zealand. The purchase price was about $200 million.

Apparel And Footwear Spared From China Tariff List

The Office of the U.S. Trade Representative released its list of about 1,300 Chinese exports – worth about $50 billion annually – that it intends to target with 25 percent tariffs. The list doesn’t target apparel and footwear products directly, but it does include the machinery and tools used to produce those products.

BIG3 And Adidas Announce Major Multi-Year Partnership

BIG3 and Adidas announced a three-year partnership in which Adidas will be the official outfitter of the three-on-three league and will also support the league’s commitment to grassroots and community initiatives in local markets.

OBIT: Bob Beattie

Bob Beattie, founding coach of the U.S. Ski Team and one of the originators of the Alpine Ski World Cup, has passed away at the age of 85.