SGB Update

LAX World Shutters All Locations

LAX World has vacated its headquarters in Cockeysville, MD. and shuttered all 16 of its locations, according to a report from The Baltimore Sun.

Perry Ellis To License Guy Harvey For Fishing Collection

Perry Ellis International Inc. and Guy Harvey Enterprises announced the signing of an exclusive global licensing agreement for Guy Harvey apparel, which features the colorful, ocean-inspired artwork of world-renowned artist, conservationist, scientist and entrepreneur Dr. Guy Harvey.

Athleta Gives GiftNow A Place In Stores

Athleta has partnered with Loop Commerce go live with GiftNow, a technology and service that allows consumers to select a specific item and send it online.

Alibaba’s Singles Day Brought In $25 Billion in China

Alibaba Group Holding Limited announced that U.S. $25.3 billion (RMB168.2 billion) in gross merchandise volume (GMV) sales was settled through Alipay on November 11, 2017, an increase of 39 percent compared to 2016.

Oklahoma Becomes Jordan’s Third College Brand

The University of Oklahoma became the third collegiate football program to represent Jordan Brand on the gridiron with the partnership to also extend to the men’s and women’s basketball teams.

Perry Ellis CFO Leaves Company

Perry Ellis International announced that David Rattner will be leaving the company, effective immediately, to pursue other opportunities.

Deckers Sets Action To Resolve Marcato Lawsuit

Deckers Brands announced that its Board of Directors has taken the actions to address and deem resolved a lawsuit filed by an affiliate of Marcato Capital Management LP, the activist shareholder that’s seeking to replace Deckers board with its own candidates. 

J. C. Penney’s Comps Improve 1.7 Percent In Q3

J. C. Penney Company Inc. reported net sales decreased 1.8 percent to $2.81 billion in the third quarter compared to $2.86 billion in the same period last year, primarily the result of the 139 stores closed this year

Mizuno’s Profits Bounce Back In Six Months

Mizuno Corp. reported strong profit improvement in the six months through September 30 despite a modest sales decline. The Americas sharply reduced its loss despite high inventories in the marketplace that pressured sales.