SGB Executive Apparel
Adidas Group Finds A Buyer For Mitchell & Ness
Adidas AG completed the sale of Mitchell & Ness, the one-time leader of the retro jersey craze, to a newly formed entity primarily owned by Juggernaut Capital Partners.
Patagonia Opens New Front in Sustainability Arms Race
Patagonia said it will begin working with the Outdoor Industry Association (OIA), textile suppliers and appliance manufacturers to better understand the threat fleece and other synthetic apparel pose to the environment.
Finish Line to Launch New Store Design Next Month, While Closing Others
The Finish Line plans to remodel 50-60 Finish Line stores this year using a new store design that will debut in July, the CEO of its parent company said June 24.
Responsible Wool Standard Bans Mulesing
After intense pressure from apparel brands, Textile Exchange amended the Responsible Wool Standard (RWS) to ban mulesing, a practice widely used in Australia to prevent infections of sheep that has been condemned by animal welfare advocates.
Golden Gate Capital On Course to Take Control of PacSun
With no additional bids for the business, Pacific Sunwear of California, Inc. (PacSun) cancelled its scheduled June 22 auction, paving the way for Golden Gate Capital to take ownership of the company.
Amid Bankruptcies, Brands Flock Toward Specialty at Grassroots Show
With an expected excess of inventory to hit the active-lifestyle market following several high-profile, big-box retail bankruptcies in the space, brands at the Spring Grassroots Outdoor Alliance Show in Albuquerque, NM (June 13-17) were doubling down on their partnerships with these smaller, but more influential group of retailers.
Newell Brands to Divest $250-300 Million That Could Include Active-Lifestyle Brands
Newell Brands, which now owns more than 50 sporting goods and outdoor brands after its recent acquisition of Jarden Corp., announced this week it has plans to divest product lines with combined annual sales of $250-to-$300 million over the next two to three years.
New HanesBrands CEO is a Shift, But No Shakeup Amid Slowing Sales
Investors weren’t particularly wooed, sending the stock down nearly 4 percent following the news.
Polartec CEO Defends Closing of Factory; Union Issues Plea to Patagonia
Saving companies and American manufacturing jobs, particularly in the textile industry, is not for the faint of heart.
Lululemon Lifts Outlook after Promising First Quarter
Lululemon Athletica Inc. upped its revenue outlook for 2016 as first-quarter sales came in stronger than expected and profits reached the high-end of its guidance.
Duluth Trading Reports Strong First Quarter, Affirms Retail Expansion
Duluth Holdings Inc. reported net sales increased 20.8 percent in fiscal first quarter ended May 1 as it continued to invest millions, raised in its IPO, opening new stores and buying television advertising.
New Down Standard Faces Fight with PETA
The Responsible Down Standard, which was spearheaded by outdoor apparel brands and their suppliers to promote humane treatment of birds used to produce down fill and insulation, appears to have emerged from its first challenge from animal rights activists stronger. The challenge came in the form of an “exposé” released by People for the Ethical […]
Zumiez Q1 Comp Sales Fall 7.5 Percent as it Invests in Omni-channel Future
Zumiez Inc. reported fiscal first-quarter sales down 2.6 percent to $173 million and its same-store sales dropped 7.5 percent as the action-sports apparel retailer works to update its omni-channel strategies while admittedly facing a tough retail environment.
Lululemon Founder Slams Ex-Company, Calls For Board Changes
A little more than a year after resigning as a director, Lululemon Athletica Inc.’s founder Chip Wilson is back in the grill of Lululemon’s board.
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SGB Executive will bring original news, analysis and insight across the active-lifestyle industry on a daily basis.
