SGB Update

IDC: Smartwatches Seeing Sustained Growth

Worldwide shipments of wearable devices is on track to grow 15.1 percent in 2018 and deliver a compound annual growth rate (CAGR) of 13.4 percent over the next five years, according to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

Mississippi TanTec Recognized at Tannery Of The Year Awards Program

Mississippi TanTec Awarded Highly Commended Award at Tannery of the Year Awards Program 2018 The sixth Tannery of the Year Awards program for 2018 organized by World Leather Publications came to a conclusion on March 14 with a gala dinner held in Hong Kong.

Pentland Brands Acquires Endura

Endura, the cycling apparel brand and Movistar Team clothing partner, has been acquired by Pentland Brands. 

Starboard Says Four Of Its Newell Board Nominees Pull Out

Four of activist hedge fund Starboard Value LP’s nominees to Newell Brands Inc’s board of directors withdrew their nominations, a day after the company maker gave billionaire investor Carl Icahn four board seats.

Athleta Earns B Corp Certification

Celebrating its 20th anniversary, Athleta announced it has earned B Corp Certification from the nonprofit B Lab, becoming one of the largest apparel companies in the world to certify as B Corp.

Oboz To Be Acquired By Kathmandu

Kathmandu, the outdoor retailer primarily active in New Zealand and Australia. said it had agreed to acquire Oboz Footwear, based in Bozeman, MO, for a base cash consideration of U.S. $60 million and earn-out of up to U.S. $15 million.

Puma to Re-Enter Basketball Category

Puma SE at its Capital Markets Day revealed intentions to re-enter the performance basketball category. The company also it expects currency-adjusted consolidated net sales to grow around 10 percent on average per year until 2022.

Large U.S. Retailers Urge Trump Against China Tariffs

A letter sent to President Trump signed Monday by 49 of the nation’s largest retailers, including Walmart, Target and Costco outlines their concerns about the detrimental impact broadly applied tariffs could have on American families.