SGB Update Apparel
Wolverine Worldwide Raises FY Outlook on Early Payback from Turnaround Efforts
Wolverine Worldwide reported earnings fell 21 percent in the second quarter as sales on an ongoing basis sunk 18 percent due to steep declines at Merrell and Saucony, but the company still raised its sales and earnings guidance for the year as its turnaround program is driving better-than-expected results.
Solo Brands Lowers FY Guidance on Softening Demand
Solo Brands, Inc. reported results in the first half exceeded expectations, but the parent of Solo Stove reduced its full-year outlook due to deteriorating trends so far in the third quarter.
Stio to Open New Storefront in Steamboat Springs, Adds Key Leadership Roles
The storefront will open in late September, its eleventh retail location and second in Colorado. Stio recently hired Senior Director of Retail Kris Nelson and Natalie Oshin joined the company as merchandising director.
S&S Activewear to Acquire Alphabroder
S&S Activewear reached an agreement to acquire Alphabroder, uniting two branded apparel distributors to support customers and suppliers across corporate and consumer markets.
The Running Event Leaving Austin in 2025 but Stays Close to Longtime Home
The Running Event (TRE) is moving to San Antonio, TX, for TRE 2025 in November 2025, and the change looks to be permanent.
Under Armour’s Chief Consumer Officer to Exit
According to an SEC filing on Tuesday, August 6, Under Armour’s Chief Consumer Officer, Jim Dausch, will leave the company at the end of August “to pursue other opportunities.”
Latest StockX Report Sees Asics Take the Top Spot in YoY Growth
Asics led as the No. 1 fastest-growing sneaker brand on StockX this year, according to its latest report. The continued success of the Gel-1130 and Gel-Kayano 14 reportedly played a big role in Asics taking the top spot
Under Armour Acquires Unless; Taps Eric Liedtke as Brand Strategy Chief
The appointment of Adidas brand veteran Eric Liedtke as EVP of brand strategy follows the completion of UA’s acquisition of Unless Collective, Inc, a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week.
Bogner’s CEO To Exit at Year’s Close, Bogner Family to Sell Shares
Bogner reported that CEO Gerrit Schneider had decided to leave the company at the end of 2024 in order to accept a position at another company. The Munich-based lifestyle and luxury sports fashion company also said Daniel Hiendlmeier has been appointed to the management board and the Bogner family has decided to sell shares in the firm to a strategic partner.
Rapha Appoints New CEO
Fran Millar replaces Francois Concervey. She has been with the company since 2015 as chief brand and marketing officer. Her background in the cycling industry includes roles with Team Sky and Team Ineos, where she played a “critical role in securing seven Tour de France victories.”
Adidas’ Head of Global Operations to Exit
Martin Shankland plans to step down as head of global operations and leave the company after 27 years with the brand. Shankland is also an Executive Board member and will officially step down on August 10.
Alo Yoga Opens London Flagship
Based in Los Angeles, CA, the brand has opened a 10,000-square-foot flagship store on London’s Regent Street, marking its second store in the UK.
Dick’s SG to Close Remaining Moosejaw Stores
Moosejaw, acquired by Dick’s Sporting Goods in March 2023, will close its remaining three stores. Moosejaw’s company website was integrated into the Public Lands website, the outdoor arm of DKS.
Report: High Prices Top Back-To-School Stressors for Parents
RetailMeNot’s 2024 BTS survey found that parents sending their kid(s) back to grade school will spend, on average, $506, and those sending their college-age kids BTS will spend, on average, $821.
Lightspeed Commerce Narrows Fiscal Q1 Loss as Revenues Increase 27 Percent
Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
