SGB Update

Thule’s Sales Expand 14 Percent In Q3

Thule Group reported sales in the third quarter reached SEK 2,772 million, up 13.8 percent year-over-year on a reported basis and 16.2 percent on a currency-neutral basis.

Allbirds Seeks $2 Billion Valuation In IPO

Allbirds Inc aims to be valued at over $2 billion in its initial public offering, according to an updated filing with the Securities & Exchange Commission.

JD Sports Acquires Majority Stake In Greece’s Cosmos

JD Sports Fashion Plc announced that it acquired 80 percent of Cosmos Sport S.A. Based in Crete, Greece, Cosmos operates 57 stores in Greece and three in Cyprus under a variety of retail banners and associated trading websites.

Eddie Bauer To Close All Stores In Japan

Eddie Bauer Japan Co. plans to close all of its approximately 60 stores and online shopping website by the end of December as the brand exits the Japanese market, according to The Japan Times.

BN3TH Appoints Product And Merchandising VP

Underwear brand BN3TH appointed Juliet Korver as VP product and merchandising. Her past experience includes product roles at RYU Apparel, Lululemon Athletica and O’Neill Canada.

NRF Survey: Holiday Spending To Be Even With 2020 Levels

Consumers plan to spend $997.73 on gifts, holiday items and other non-gift purchases for themselves and their families this year, on par with consumer spending last year, per the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.

VF Corp. Reaffirms Outlook Despite Slight Quarterly Miss

VF Corp. reported revenue climbed 23 percent in its second quarter ended October 2, led by a 31 percent gain at The North Face. Vans sales grew 8 percent and Dickies grew 21 percent. Companywide earnings and sales were slightly below Wall Street’s targets but VF reaffirmed its full-year earnings outlook.