SGB Update Sports & Fitness
Gymguyz Names President
Gymguyz, the in-home and on-site personal training company, promoted Chief Marketing Officer Phil Brojan to company president,
Torrid Holdings Sees Q1 Net Income Halved As Comps Fall 14 Percent
Torrid Holdings Inc. reported that fiscal first quarter net sales decreased 11.8 percent to $293.9 million. Comparable sales decreased 14 percent. Net income was $11.8 million, or 11 cents per share, in the quarter, compared to net income of $24.1 million, or 23 cents per share in Q1 last year.
Recall: Giro Merit Bicycle Helmets
Bell Sports, Inc., in cooperation with the U.S. Consumer Product Safety Commission (CPSC) and in conjunction with the Canadian government, is recalling Giro Merit bicycle helmets manufactured before January 2023.
Adidas Offers Student Loan Assistance For U.S. Employees
Adidas announced a new program to help U.S. employees working in any area of the company pay off their student loans.
Tommy Bahama Parent Gets Lift From Johnny Was Acquisition To Post Solid Q1 Results
Oxford Industries, Inc. reported that consolidated net sales in the first quarter ended April 29 increased 19 percent to $420 million. On an adjusted basis, EPS increased to $3.78 compared to $3.50 in the first quarter of fiscal 2022.
HanesBrands Inks Primary Apparel Partnership Deal With The University Of Minnesota
HanesBrands signed a new primary apparel partnership with The University of Minnesota. The ten-year strategic agreement gives HBI exclusive rights to design, manufacture and distribute fanwear across mass and campus/local retail channels.
Puttshack Adds To Executive Team
Puttshack named Susan Burke as general counsel and chief risk officer and Rocio DeJesus as head of people and talent.
NRF Elects Five New Board Members At Summer Board Meeting
The National Retail Federation elected five new members to the organization’s Board of Directors during the trade association’s summer board meeting in Washington, D.C.
NRF Expects Imports For First Half To Be 22 Percent Below H1 Last Year
Import cargo volume at the nation’s major container ports is expected to be 22 percent lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Report: Shopping Centers Continue To Bear Brunt Of Retail Traffic Slowdown
The latest update to Placer.ai’s Mall Index, Placer.ai Mall Index – May 2023 Recap, shows that shopping malls continue to bear the brunt of consumer concerns regarding the economy, as foot traffic fell year-over-year at indoor malls, open-air lifestyle centers, and outlet malls.
U.S. Polo Assn. Targets $3 Billion In Global Sales By 2030 After Strong 2022 Results
U.S. Polo Assn., the official brand of the United States Polo Association (USPA), broke the $2 billion milestone in 2022, delivering a record $2.3 billion in global retail sales for the year.
Fanatics Holdings Appoints Chief Legal Officer
Fanatics appointed Gregg Winiarski as chief legal officer for Fanatics Holdings, Inc, responsible for overseeing the full range of legal matters across the global Fanatics business, including Commerce, Collectibles and Betting and Gaming. He played a significant role in the company’s acquisition of Topps.
NRF: Economic Conditions Look Like A Soft Landing, Not Recession
Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years, according to National Retail Federation Chief Economist Jack Kleinhenz.
SAS Renews Athletic Shoes Program With Defense Logistics Agency
San Antonio Shoemakers (SAS) was awarded a three-year renewal contract with the Defense Logistics Agency (DLA) to produce specialized footwear for the basic training of U.S. service members.
Report: Labor Still A Top Challenge For Manufacturers As Optimism Remains Low
As rising interest rates, poor economic conditions and an ongoing talent shortage continue to plague manufacturers, optimism amongst industry leaders remains low, according to a new industry report.
