SGB Update

Unifi’s Q1 Profits Dip

Unifi Inc. reported a slight decline in earnings in the first quarter ended September 24 as a 2.7 percent revenue gain wasn’t offset by lower margins and investments in its strategic growth initiatives.

VF Corp.’s Tops Q3 Targets, Lifts Outlook

VF Corp. again raised its outlook for the year after reporting third-quarter earnings that came in well above Wall Street’s targets. In Outdoor & Action Sports, its largest coalition, revenue increased 8 percent, led by a 28 percent gain by Vans.

Supreme Sells Equity Stake To Carlyle Group

Supreme, the skateboard apparel manufacturer, sold an approximately 50 percent stake in the company to private-equity firm Carlyle Group LP for about $500 million.

NRF: Imports Set A Second Record High

Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released this month by the National Retail Federation and Hackett Associates.



Hudson’s Bay’s CEO To Step Down

HBC  announced that Gerald L. (Jerry) Storch has stepped down as chief executive officer, effective November 1, 2017, to return to his advisory firm, Storch Advisors.

Mountain Hardwear Embraces Heroes With Launch Of Impact Initiative

Mountain Hardwear Inc., launched its Impact Initiative, a program featuring environmentalists, thought leaders, humanitarians and storytellers, working on a collective mission to inspire people to support solutions to help protect outdoor playgrounds.

Under Armour Signs Syrian Swimmer

Under Armour added 19-year old Syrian freestyle and butterfly swimmer Yusra Mardini to its team of international athletes.

NOAA Winter Forecast: Cooler, Wetter North And Warmer, Drier South

Forecasters at NOAA’s Climate Prediction Center released the U.S. Winter Outlook, with La Nina potentially emerging for the second year in a row as the biggest wildcard in how this year’s winter will shape up. La Nina has a 55- to 65-percent chance of developing before winter sets in.

Adidas, Patagonia Achieve Fair Labor Reaccreditation

The programs at Adidas and Patagonia, both long-time Fair Labor Association (FLA) members, were reaccredited for their continued work to build and maintain internal structures that support the highest workplace standards.