SGB Update

G-III Apparel Group Lowers Guidance After Q3 Revenue Miss

G-III Apparel Group Ltd. on Wednesday lifted its outlook for the fiscal year after reporting earnings per share for the fiscal third quarter ended October 31 of $1.99, which beat Wall Street’s estimates by 5 cents.

Ruger Names MGE As Distributor

Sturm, Ruger & Co. Inc. on Wednesday announced the addition of MGE Wholesale (MGE) as an independent distributor of Ruger firearms in the U.S.

Outerknown Opens First Store In El Segundo

Outerknown, co-founded by professional surfer Kelly Slater, announced the opening of its first brick-and-mortar store. The store is located on the border of the South Bay surf community in Manhattan Beach, CA. 

Vans Donates Over $1M To Fuel Creativity

Vans commemorated the inaugural #VansCheckerboardDay held on November 21 and its more than $1 million donation to Imagination.org and announced the creation of the Vans Checkerboard Fund, a global grant program that will provide monetary support to back creative expression.

Powdr Enters Canadian Market With Silverstar Acquisition

Powdr Corp. on Tuesday announced it has acquired SilverStar Mountain Resort in British Columbia, giving the Park City, UT-based company its first mountain resort in Canada. Financial terms of the deal were not disclosed.

Origin USA Appoints CFO

Origin USA, an American-made maker of lifestyle athletic wear, apparel, footwear and nutrition based in Farmington, ME, appointed Don Miller as chief financial officer.

Pure Fishing Acquires Fin-Nor

Pure Fishing, a platform company that’s owned by the private equity firm Sycamore Partners, has acquired fishing brands Fin-Nor and Van Staal from W.C. Bradley/Zebco Holdings Inc. Financial terms of the deal weren’t disclosed.

NRF: Extending Trade War Past 2020 Elections Would Be ‘Bad Deal’

The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French in response to President Trump’s comments that he might wait until after the 2020 elections to reach a trade agreement with China: