SGB Update

Brand Velocity Group Acquires Score Sports

Brand Velocity Group announced its acquisition of Score Sports, a designer, manufacturer and seller of youth team sports uniforms and equipment. The terms of the transaction were not disclosed.

Vuori Launches In Asia, Mexico And The Middle East

Vuori continues its global rollout that started this year, entering China, Hong Kong, Singapore, the Middle East, and Mexico through branded e-commerce stores in those countries except China. Vuori, for now, is available exclusively through Tmall, China’s direct-to-consumer website.

Vail Resort’s Strong Recovery In Fiscal 2023

Vail Resorts, Inc. reported results for its fourth quarter and fiscal year ended July 31 outperformed results from the prior year primarily due to the impact of COVID-19 and related limitations and restrictions on results for the previous year. Season-to-date season pass sales are ahead 7 percent, and the company provided a favorable outlook for its current fiscal yea

Lululemon Hires New Senior VP EMEA Region

Lululemon announced it hired Sarah Clark as VP of EMEA to lead the company as it “continues to grow and deliver on its next chapter of international expansion.”

Macy’s Launches Digital Marketplace

Macy’s announced it launched its digital marketplace on macys.com. The site enables third-party sellers to integrate their products into Macy’s e-commerce structure, with seller tools to monitor, drive and grow their business through Macy’s.

VF Corp. Introduces Fiscal Year 2027 Long-Term Strategic Plan

At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.

Tracksmith To Open Store In London

Boston-based Tracksmith is opening its first store in London. The running brand has only one store on Newberry Street in Boston.

Thor Industries Sees Q4 Sales Expand 6.4 Percent

Profits at Thor Industries, Inc. climbed 22.0 percent in the fourth quarter ending July 31 as sales for the manufacturer of recreational vehicles rose 6.4 percent and gross margins improved 90 basis points.

Gymshark Appoints CFO

Gymshark hired Mat Dunn as its new chief financial officer. He was formerly chief operating officer and CFO at Asos.