SGB Update

Stio Expanding Headquarters Near Jackson Hole

Stio, the mountain lifestyle apparel brand that sells only direct to consumers, said it will move to larger headquarters near to accommodate its growing staff, including two hires named Wednesday…

Andy Clarke Takes Strategy Post at Toole Design Group

Andy Clarke, who resigned as CEO at the League of American Bicyclists after 11 years in July, has joined the Washington DC-based planning, engineering and landscape architecture firm Toole Design Group as director of strategy…

DSW CEO to Retire, Cuts Guidance

DSW Inc.’s Michael R. MacDonald will retire as CEO, effective Jan. 1, 2016. He will be succeeded by Roger Rawlins, EVP and chief innovation officer. The shoe retailer also sharply lowered its guidance for the year…

L.L.Bean Names New President and CEO

L.L.Bean named Stephen Smith as president and CEO. The hiring marks the first time in the L.L.Bean's 103-year history it's gone outside the company for its new CEO…

EU Eyes Restricting Chemicals in Textiles and Apparel

The European Commission has begun soliciting input from industry, health and policy experts on a potential plan to restrict hazardous substances in textile articles and clothing used by consumers…

Lumo Raises $10 Million in Series B Funding

Lumo Bodytech, the makers of the Lumo Lift posture coach and Lumo Run smart shorts, has raised $10 million in Series B funding. The funding will be used to launch a wearables biomechanics platform…

DSW Names CEO-Designee

DSW Inc. announced that Roger L. Rawlins, executive vice president and chief innovation officer, will succeed Michael R. MacDonald as chief executive officer, effective Jan. 1, 2016. The shoe retailer also sharply lowered its guidance for the year…

American Eagle Outfitters Acquires Tailgate Clothing Company

American Eagle Outfitters Inc. announced the acquisition of Tailgate Clothing Company, which owns and operates Tailgate, a vintage, sports-inspired apparel brand with a college town store concept, and Todd Snyder New York, a premium menswear brand. The pu

Genesco To Acquire Little Burgundy Chain

Genesco Inc. announced that its Canadian subsidiary has entered into an agreement with the Aldo Group Inc. to acquire the 37-store Little Burgundy retail footwear chain in Canada. Based in Montreal, Little Burgundy serves a fashion-oriented 18- to 34-year