SGB Update Apparel
Nike Inc. Beats Q4 EPS Estimates But Warns of Fiscal 2025 Guidance Cut
Nike Inc. reported earnings in the fiscal fourth quartar ended May 31 exceeded analysts’ consensus targets by 17 cents but also warned that it would downwardly adjust its guidance for the coming year due to continued “challenges” in the marketplace.
Original Penguin Enters Spain with First Flagship Store
Perry Ellis International, parent of the brand, said that the launch marks an expansion for the brand under its new Spanish license partner, Linea Magna Europa SL, an affiliate of Linea Magna which has grown the Original Penguin brand in Mexico since 2012.
Competitive Cyclist Named as Official U.S. Retailer for Tour de France
Competitive Cyclist has secured an exclusive partnership with Amaury Sport Organisation (A.S.O.) as the sole U.S. retailer for this year’s Tour de France products.
Feat Clothing Secures New Majority Investor
2.0 Ventures, a private equity firm headquartered in Salt Lake City, acquired a majority stake in Feat Clothing, Inc. Taylor Offer, who founded the California-based athleisure brand in 2014, will transition from his role as CEO to a position on the Board of Directors.
Report: Shein Filed for London Listing in Early June After U.S. Snub
The filing, which would initiate the process for a listing on the London Stock Exchange, comes after the company explored a listing on the Exchange early this year after lawmakers opposed a U.S. listing, Reuters reported in May, citing sources.
REI Adds Two Board Members
Patricia Lopez, a former executive in the beauty industry, and Doug Mack, former CEO of Fanatics, were elected to the company’s board of directors in May.
WHO Report: Global Levels of Physical Inactivity Among Adults Continues to Rise
In the World Health Organization’s recently published study, physical inactivity is a silent threat to global health, contributing significantly to the burden of chronic diseases, with physical inactivity still more common among women globally than men.
Omni Retail Enterprises Names CEO
Former Vitamin Shoppe CEO and Pier 1 Imports exec, Sharon M. Leite, will lead the revitalization of Omni’s retail, educational and health & wellness brands.
Levi Strauss’ Q2 Profits Top Expectations, Boosted by Americas Strength
Levi Strauss & Co. reported a strong earnings uptick in the fiscal second quarter ended May 26 as sales grew 8 percent with double-digit growth in the Americas. Beyond Yoga’s sales grew 13 percent.
Hibbett Expands Omnichannel Fulfillment Capabilities
Expanding its omnichannel fulfillment capabilities will offer Hibbett and City Gear customers more convenience when shopping with the retailer.
Chief Omni and Innovation Officer at Tapestry Joins ThredUp’s Board
Noam Paransky, a retail and tech executive, brings 25-plus years of experience to ThredUp’s Board of Directors to enhance the secondhand shopping experience.
For Bare Feet and Pro Compression Parent Names CEO for Sock Companies
For Bare Feet, LLC and its owner Taglich Private Equity, LLC have appointed Justin Fredericks as the CEO, effective immediately. Fredericks will also serve as CEO of Pro Compression, another brand in the Taglich Private Equity portfolio.
Mammut Sports Group Appoints Country Manager for Austria
Manuel Kronberger as the new country manager for Austria, leading the strategic and operational efforts for the market. Joining him are Hermann Eder and Christian Holzer to manage sales from the company’s new showroom in Salzburg.
Report: May U.S. Golf Rounds Show Slight Decline
Golf Datatech reported that in May the Mid-Atlantic had the biggest decline in golf rounds played, off 5.1 percent, followed by New England, South Central, West North Central, and South Atlantic.
Varsity Brands Appoints First Chief Security Officer
As CSO, veteran law enforcement officer and security expert Lisa Olivieri manages Varsity Brand’s integrated security and safety efforts, events, competitions, offices, and facilities. The company also announced safety and security advancements in its spirit division, Varsity Spirit.
