SGB Update Apparel

Retail Jobs Increased By Over 46,000 in February

Retail industry employment increased by 46,400 jobs in February over January, the National Retail Federation said. The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 313,000 jobs, the Labor Department said.

Academy Sports Appoints General Counsel

Academy Sports + Outdoors appointed Rene Casares as its senior vice president, general counsel and secretary. Casares, 42, joined Academy in July 2013 as senior director, associate general counsel and assistant secretary, and was promoted in March 2016 to vice president, associate general counsel and assistant secretary. 

Prior to Academy, Casares served as an associate attorney […]

Bass Pro Provides Details On Cabela’s HQ Buyouts

Bass Pro said Thursday that 290 Cabela’s employees located in Sidney, NE will leave the company this week as part of a voluntary buyout program. Another 390 former Cabela’s employees also applied for buyouts, but no immediate action will be taken on those. 

USFIA Statement On Tariff Increases On Steel and Aluminum

The United States Fashion Industry Association in a statement said it expects “widespread net job loss in the United States” as a result of the Trump administration’s move to raise tariffs on steel and  aluminum imports.

Newell Brands Announces Board Change

Newell Brands Inc. announced that Kevin Conroy has resigned from the Newell Board of Directors for personal reasons. This change is currently effective.

OIA Responds To New Tariffs On Steel, Aluminum Imports

In an e-mail to members, Rich Harper, manager of international trade for the Outdoor Industry Association (OIA), wrote that the Trump administrations move to raise tariffs on steel and aluminum imports “would lead to higher costs for outdoor products produced domestically that utilize steel and aluminum imports, like camping stoves, tent poles and skis and snowboards.”

NRI Opens Eastern Canada Location

NRI Distribution announced its commitment to open a Montreal facility in May of this year to mark its expansion into Eastern Canada.

Vail Resorts Sees Q2 Revenues Climb 1.2 Percent

Vail Resorts Inc. was able to deliver earnings and sales that were basically flat with year-ago levels despite historically low snowfall across the western U.S. this winter.

CODI Prices $100 Million Share Offering

Compass Diversified Holdings (CODI),  owner of 5.11, Crosman, Liberty Safe and a number of other middle market businesses, priced a $100 million public offering of 4 million of its 7.875 percent series B fixed-to-floating rate cumulative preferred shares.

Gear Coop Appoints Craig Levra President

Gear Coop appointed Craig Levra, former CEO of Sport Chalet, as president. Levra will partner with Gear Coop founder and CEO Terry Lee to drive its next leg of growth.