SGB Update

Icebreaker Appoints CEO

Smith is currently general manager responsible for New Zealand and Australia for Icebreaker and will succeed Rob Fyfe as chief executive officer on June 1.

Coach’s Sales Drop 4 Percent In Q1

Victor Luis, chief executive officer of Coach Inc., said, “Our solid performance this quarter was very much in line with our expectations and our strategic initiatives.”

Shoe Carnival Lowers Outlook On Weak Q1

Cliff Sifford, Shoe Carnival’s president and chief executive officer, commented, “Our sales results improved as we progressed through the first quarter, but it was not enough to offset the soft start we experienced at the beginning of the year with comparable store sales down mid-teens in February.”

Bogs Sales Drop Double-Digits In Q1

Bogs’ first-quarter net sales were down 21 percent, reflecting the continued softness in the outdoor and better footwear channels.

Big 5’s Q1 Profits Easily Top Guidance

Same store sales increased 7.9 percent for the first quarter of fiscal 2017, reflecting continued market share gains resulting from the closure of certain major competitors last year along with more favorable weather conditions than the prior year period.

HanesBrands Sees Q1 Earnings Improve, Launches Project Booster Initiative

HanesBrands reported earnings per share in the first quarter rose 12 percent in the first quarter excluding acquisition-related and integration charges while announcing that it launched a multiyear initiative to increase investment for growth, reduce costs, and drive cash flow.

Aetrex Adds Distributors, Builds Global Infrastructure

Aetrex Worldwide Inc. is further expanding its global reach with the addition of Gerimais to its extensive network of distribution partners. Gerimais marks the company’s 16th international distributor.