SGB Update

Vuori Announces International Launch

Southern California-inspired activewear brand Vuori launched in the UK, France, Germany, Ireland, Netherlands, Australia, and Canada, marking the company’s global rollout announced late last year.

Macy’s Appoints Two Board Members

Macy’s Inc. announced the appointment of Marie Chandoha, former president and chief executive officer of Charles Schwab Investment Management, and Jill Granoff, managing partner of Eurazeo and chief executive officer of Eurazeo’s Brands division, to its board of directors.

Cocona Labs Names Chief Product Officer

Cocona Labs has hired Wes Burgess as its Chief Product Officer. Burgess steps into the role after working with Cocona Labs for nearly ten years and, most recently, as vice president, sales, engineering and business development.

Lululemon Q4 EPS Beats Guidance

Lululemon Athletica, Inc. reported earnings on an adjusted basis rose 30 percent in the fourth quarter ended January 30 as comparable sales increased 22 percent. Earnings came in above updated guidance provided on January 10.

TJX Boosts Dividend By 13 Percent

The TJX Companies Inc. announced that its Board of Directors has raised the amount of its quarterly dividend by 13 percent from the last dividend paid.

Obit: George Dickerman

George Dickerman, former president of Spalding Sports Worldwide, passed away at the age of 83.

New Balance Officially Opens Methuen Factory

New Balance, on Monday, officially opened its new athletic footwear factory in Methuen, MA. The 80,000-square-foot facility, which underwent a $20 million renovation, began production in January 2022.

Boardriders’ Debt Ratings Downgraded

Moody’s Investors Service downgraded Boardriders, Inc.’s debt ratings due to continued cash outflows in part driven by investments to support its business transformation, weak credit metrics and near-term debt maturities.