SGB Executive Apparel
EXEC: Sportsman’s Warehouse Kicks Off ‘Spring Reset’ to Clean Inventory, Grow Sales
Wall Street reacted positively to the planned changes and the Q4 earnings beat as SPWH shares surged 21 percent on Thursday to close at $3.79 a share. The inventory reduction efforts was said to be $10 million better than planned.
EXEC: Has Authentic Won the Bidding for the Champion Brand?
After a long period of speculation since Hanesbrands Inc. (HBI) management first indicated in September 2023 that it was open to selling its iconic Champion brand, a deal to acquire the brands appears to be on the horizon
EXEC: JD Sports Ends FY on January Down Note; Sees Upside Ahead from Summer of Sport
For the full year, like-for-like comp sales were up 4.2 percent, with all regions ahead of the previous year with organic sales growth of 8.4 percent.
EXEC: JD Sports Inks Partner for South Africa Expansion
The company signed a franchise agreement with Foschini Retail Group (Pty) Ltd, a subsidiary of South African retailer The Foschini Group Limited (TFG) to launch the JD brand in South Africa.
EXEC: Researching Exposures & Effects from PFAS and Consumer Textiles on Human Health
The study is meant to provide insights into the measurement of PFAS in a variety of consumer textiles and how these PFAS enter the human body. But a funny thing happened on the way to the results, The pattern of PFAS detection in the evaluated textiles does not fully align with reported human serum levels.
EXEC: Amer Sports Majority Owner Posts Strong Year of Growing Retail Sales in China
Anta Sports, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and was the 53 percent majority owner of Amer Sports at year-end, reported that revenue reached another high in 2023. Anta’s stake in Amer Sports was diluted to 43 percent after the Amer IPO in February.
EXEC: Grassroots Outdoor Alliance Sees Tough 2023 Comp Against COVID-Induced Growth
While year-over-year sales for the consolidated sales of the organization were down 6.0 year-over-year, sales versus the last pre-COVID year were up nearly 27 percent.
EXEC: Academy Execs Break Down Q4 Hits and Misses, 2024 Outlook
Academy saw an improving comp store sales trend in its fiscal fourth quarter, and while still negative, it gave company management something to hold on to when assessing overall performance in Q4, the full year ended February 3 and planning the year ahead.
EXEC: Nike Admits it Has a Problem, and Its Solution is… Air?
The Swoosh is putting Nike Air ahead of its innovative solutions to its current stale product and sluggish sales problem. The other solution is to play nice and support those pesky retail partners now that the brand suddenly needs them again.
EXEC: Fila Brand Continues Downward Spiral in 2023 Even as Q4 Declines Moderate
Fila brand revenues were down 22.5 percent in the quarter in constant-currency terms and (-22.5 percent CC), while Fila USA revenues, which covers the U.S., Canada and Mexico, fell 35.3 percent in constant-currency terms for the period.
EXEC: Investors React as Gildan Activewear Confirms Receipt of Acquisition Overture
In response to the receipt of a confidential non-binding expression of interest to acquire Gildan, Gildan’s Board formed a Special Committee of independent directors to, among other things, review and consider the merits of the proposal and seek alternatives.
EXEC: Rip Curl and Oboz Parent Saw Both Brands Hurt by Retailer Caution in H1
KMD Brands, Inc., the New Zealand-based parent of the Rip Curl, Oboz and Kathmandu brands, reported that total consolidated Group revenue in the first half of fiscal 2024 decreased 14.5 percent year-over-year (YoY).
EXEC: Xtep Gives Nod to Saucony Profits, Provides Details on Wolverine IP Deal
The retail partner for the Saucony, Merrell, K·Swiss, and Palladium brands, and now a 40 percent owner of the Saucony IP in China, said 2023 was a landmark year as it celebrated its 15th Anniversary of listing on the Hong Kong Stock Exchange.
EXEC: The Buckle Sees Denim ASPs Rise But Profits Dip as Footwear Falls 41 Percent
Fourth quarter comparisons also continued to be challenged with declines in the retailer’s HeyDude volume, particularly on the men’s side. Overall footwear sales were down about 41 percent for the quarter.
EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year
The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.
