SGB Update Apparel
Lycra Names CEO
The Lycra Company announced today that Gary Smith has been appointed chief executive officer, effective November 27. He formerly led Hatteras Yachts and Polartec.
Salt Life to Open Three Stores
Delta Apparel, Inc. continues to expand the Salt Life brand’s retail footprint, opening three new stores. These include SL’s first location in Virginia and two in Florida.
Fanatics Partners with Minnesota Timberwolves and Lynx
Fanatics announced a partnership to become the Minnesota Timberwolves and Minnesota Lynx. Fanatics will take over the official e-commerce business for both teams, and also operate the in-venue retail touchpoints on gamedays at Target Center.
Ciele Athletics Hires Nike Vet as Head of N.A. Sales
Montreal-based performance apparel and accessories brand Ciele Athletics hired running industry veteran Scott Gravatt as head of sales for the U.S. and Canada. Gravatt joins the company following a 15-year tenure at Nike.
Report: Consumers Expected to Spend $130 Billion During Holiday Weekend
According to the latest International Council of Shopping Centers (ICSC) Thanksgiving Weekend Intentions survey, consumers will spend $130 billion during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations.
Björn Borg Brand Posts Q3 Sales Growth
Swedish sports fashion brand Björn Borg reported its Q3 net sales increased 5 percent to SEK 262.1 million ($25.5 million) from SEK 248.6 million in the 2022 corresponding period.
Iconix Acquires Majority Stake in Streetwear Brand Hoodrich
Iconix International, formerly Iconix Brand Group, has acquired majority control of British streetwear brand Hoodrich. Brand founder Jay Williams will continue on as a minority shareholder.
Evo Acquires Bergland Hotel in Japan
Evo will open its second branded hotel—Evo Hotel Hakuba. It follows the opening of Evo Hotel Salt Lake in 2022 in Salt Lake City, UT.
Outdoor Leaders Comment on Latest Outdoor Rec Economy Figures
The U.S. Bureau of Economic Analysis (BEA) reported the latest statistics, which show that outdoor recreation generates $1.1 trillion in economic output (2.2 percent of GDP), nearly 5 million jobs, and comprises 3.2 percent of U.S. employees, according to an early analysis by the Outdoor Recreation Roundtable.
REI Responds to Accusations of Labor Law Violations
REI workers affiliated with the unions reportedly filed 80 unfair labor practice charges against the outdoor specialty retailer last week. REI vowed to fight the allegations.
Rally House Opens in Dallas
Rally House opened its first store in Dallas, TX. Rally House Cityplace Market opened on the north side, off US-75 and Lemmon Avenue.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
TYR Sport Opens Second Store in Costa Mesa
TYR Sport announced the opening of the swim brand’s second store in South Coast Plaza in Costa Mesa, CA. TYR Sport’S first-ever brick-and-mortar store opened last month at Roosevelt Field Mall in Garden City, NY.
The Buckle Sees Fiscal Q3 Profits Decline as Comps Decline 9.2 Percent
Net income for the third quarter of fiscal 2023 was $51.8 million, or $1.04 per share on a diluted basis, compared with net income of $61.4 million, or $1.24 per share on a diluted basis, for the third quarter of fiscal 2022.
Fleet Feet Expands Kentucky Footprint with Louisville Store
Fleet Feet reported it plans to open a second store in Louisville, KY, in November in Fern Creek’s Cedar Creek Crossing Shopping Center.
