SGB Update Apparel
Ex-Nike DEI Boss Sentenced to 5 Years for Fraud
Barbara Furlow-Smiles stole over $5 million from Nike and Facebook as a DEI manager. Her greed got her a sentence of five years and three months in Federal prison this week.
Gildan Lawsuits Against Investors are Dismissed in Canadian Courts
Browning West, LP, a long-term shareholder of Gildan Activewear Inc. and beneficially owns approximately 5.0 percent of Gildan’s outstanding shares, said the two lawsuits brought by Gildan’s Board against Browning West have been dismissed.
Classic Football Shirts Secures $38.5M Funding Round for Expansion; Appoints Exec Chair
The Chernin Group invested $38.5M of growth equity capital into the company. Cormac Barry, a senior executive with over 25 years’ experience in online B2C, online B2B and retail across multiple sectors has joined the company as executive chairman.
Pnuma Outdoors and Heated Core Appoint Brand Manager
Amber Liljestrand previously worked at Bass Pro Shops, where she was the assistant merchant for Hunting and Tactical Apparel, overseeing design, development and promotion of proprietary brands while collaborating with major national brands.
Dillard’s, Inc. Sees Fiscal Q1 Comps Dip 2 Percent; Net Income Sinks 11 Percent
Total retail sales, which excludes the company’s construction business, CDI Contractors, LLC, for the fiscal first quarter were $1.49 billion, down 1 percent from $1.52 billion in the year-ago Q1 period.
Under Armour Issues Tepid FY Outlook as Company Resets Weak U.S. Business
The company reported fiscal 2024 Q4 net revenue was down 5 percent year-over-year to $1.3 billion for the three-month period ended March 31, 2024, while reported EPS shrank to to 2 cents a diluted share in Q4 from 38 cents in the prior-year Q4 period.
HanesBrands and TCU Extend Long-Term Apparel Partnership
HBI secured a five-year extension of its current partnership with Texas Christian University, renewing the exclusive rights to manufacture and distribute Horned Frog fanwear in the mass retail channel.
Canada Goose Beats Fiscal Q4 Expectations But Warns on More Wholesale Declines Ahead
The company reported better-than-expected results for fiscal Q4 but also removed all long-term 2028 financial targets and is targeting an additional 20 percent decline in wholesale revenue in the fiscal 2025 period after it declined 19 percent this past year.
MEC to Open New Store in Ontario, Canada
MEC, the Canadian outdoor retailer, reported it will open a freestanding store in Whitby, Ontario, in July 2024, its seventh standalone store in Ontario and 23rd standalone in Canada.
U.S. Sporting Goods Segment Retail Sales Decline in April as Market Grows 3.9 Percent
Sporting Goods, Hobby, Musical Instrument, Bookstore sales were reported down 4.7 percent YoY from April 2023 and down 0.9 percent versus March 2024. Clothing and Clothing Accessories Stores sales were up 2.7 percent YoY.
Aloha Collection Opens Malibu Store Location
The female-founded original splash-proof lifestyle brand operates four other stores in Newport Beach, CA; Encinitas, CA; Whalers Village, Maui, HI; and Waikiki, Honolulu, HI.
Puma Appoints Bas van den Bemt as Managing Director Central Europe
Bas van den Bemt is Puma’s new managing director for central Europe, starting July 1, overseeing business in the Dach and Benelux regions. He replaces Nina Graf-Vlachy, who decided to pursue opportunities outside the company. Lucynda Davies will take over Van den Bemt’s role as managing director of Puma UK and Ireland.
Mytheresa Gets U.S. Lift to Posts Strong Fiscal Q3 Growth
The company’s U.S. business continues to be a growth driver with the highest regional growth, increased share of total business and record number of top customers in the third quarter fiscal year 2024.
Tractor Supply Opens Largest Distribution Center in Arkansas
Facility brings 500 full-time jobs to local residents and represents an investment of more than $175 million in the region
Canada Goose Hires First Creative Director; Launches of Exclusive Style for PBI
Canada Goose’s appointment of Haider Ackermann comes with the launch of its limited-edition sweatshirt, PBI Hoodie, with 100 percent of the proceeds going to Polar Bears International. The launch campaign also celebrates actress and activist Jane Fonda, “the ideal protagonist for this important story.”
