SGB Update

Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most

The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.

Ammo Appoints Board Member

Ammo, Inc. appointed Randy Luth, a firearm industry veteran, to serve on its board of directors. Luth previously served on Ammo’s board from 2017 to 2021.

Big 5 Posts Double-Digit Comp Decline in Q4, Guides EPS Lower

Big 5 Sporting Goods Corp. said sales in the fourth quarter ended January 1 came in slightly lower than expectations and the retailer expects earnings for the period to come at or near the low end of its prior guidance range.

Score Sports Adds Board Member

Score Sports, a maker of youth team sports uniforms and equipment based in Wilmington, CA, appointed FIFA World Cup champion and two-time Olympic gold medalist Abby Wambach to its Board of Directors.

Authentic Brands Group Partners With Allen Iverson

Authentic Brands Group (ABG) formed a partnership with Allen Iverson, the legendary guard from the Philadelphia 76ers and long-time Reebok sponsor. ABG acquired Reebok in February 2022.

Neiman Marcus Names Two C-Level Execs

Neiman Marcus Group (NMG) hired Nabil Aliffi as chief brand officer. Stefanie Tsen Ward received a promotion to chief retail officer. Both are newly created positions reporting to Ryan Ross, president, Neiman Marcus Brand.

361 Degrees Sees Flat Growth In Fourth Quarter

361 Degrees International, Ltd. reported retail sales of 361º core-branded product for the fourth quarter of 2022 with roughly flat growth compared to the same period of 2021.