SGB Update Apparel
Onebeat Expands Executive Leadership Team, Appoints Chief Revenue Officer
Sevonne Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb and LivePerson.
Authentic Signs Licensing Partners for Ted Baker U.S. and Canada
United Legwear & Apparel Co., BCI Brands and Peerless Clothing signed on with Authentic Brands as licensing partners for the Ted Baker business.
Sportsman’s Warehouse Secures $45 Million Term Loan
With the addition of the $45 million term loan, the company’s total borrowing capacity, which includes its revolving credit facility, is now $395 million.
Black Diamond’s Q2 Weakness Weighs on Parent; Pieps Up For Sale
Clarus Corp. logged a Q2 loss as sales sunk 2.4 percent. A 13.6 percent sales gain in its Adventure segment was offset by a 9.7 percent slide at Black Diamond that was blamed on weakness in North American DTC operations and softness in Europe. Clarus lowered its full-year earnings guidance to reflect weakness as well as investments in its Adventure segment while indicating it’s exploring a sale of its Pieps snow safety brand.
Chipply Beefs Up Sales Team
Meghan Brazzelle was hired as a senior territory manager and Patrick Tolivar as a territory sales rep. Brazzelle and Tolivar will report to Grace Schettler, SVP of sales for Chipply, the online store software supplier for team dealers.
NSGA Names Hayley Fansler Business Development Director
The National Sporting Goods Association (NSGA) promoted Hayley Fansler to business development director. Fansler joined NSGA in March 2018 as business development manager.
Moody’s Sees Vista Outdoor’s Continued Strategic Reviews as ‘Credit Negative’
The prolonged strategic uncertainty at Vista Outdoor since the original spin-off plan was announced in May 2022 and continued delays in choosing between potential sales offers or a spin-off are credit negative for Moody’s because it diverts management focus and company resources away from core business operations.
Ironman Group Promotes Michelle Pepper to Managing Director of Oceania
In her new role, Pepper will be responsible for overseeing all aspects of the Oceania business for The Ironman Group, leading the four Oceania offices, Melbourne, Sydney and Noosa in Australia and Auckland in New Zealand, and the more than 80 full-time employees.
Canada Goose Relies on DTC in Fiscal Q1 as Wholesale Falls 41 Percent
Total revenue increased 4 percent year-over-year to CN$88.1 million in the fiscal first quarter, and posted 3 percent growth on a constant currency (CC) basis.
Gildan Activewear’s Q2 Sales Improve 3 Percent On Activewear Boost
Gildan Activewear, Inc. reported sales rose 3 percent in the second quarter as 6 percent growth in its activewear segment offset declines in hosiery and underwear due to the phase-out of its sock license with Under Armour. Adjusted diluted EPS rose 17 percent year-over-year.
Kontoor Brands Raises EPS Guidance On Q2 Beat
Kontoor Brands reported sales dipped 1 percent in the second quarter but adjusted earnings grew 27 percent to top expectations, prompting the parent of Wrangler and Lee to lift its EPS outlook for the year.
BOA, Primaloft and Lugano Lead Gains in CODI’s Branded Consumer Group
Compass Diversified (CODI) saw Q2 sales grow 11 percent on a pro-forma basis to $373.5 million in its Consumer Brands segment, led by gains by BOA, Primaloft and Lugano. The segment also includes 5.11 and Velocity Outdoor.
EXEC: Sportscape Executes Debt Refinancing
Houlihan Lokey served as the exclusive financing advisor to arrange, structure, and negotiate the debt raise for Sportscape, which closed on 23 July 2024.
Steve Madden Gets Apparel and Accessories Lift in Second Quarter
Second quarter revenue increased18 percent year-over-year and adjusted diluted EPS grew 23 percent compared to the Q2 period in 2023, said to be driven by “exceptional growth” in the accessories and apparel categories.
Report: U.S. Consumer Confidence Shows Slight Uptick in July
Data released July 30, showed that The Conference Board’s gauge for July increased to 100.3 from a downwardly revised 97.8 in June. Based on consumers’ assessment of today’s business and labor market conditions, The Conference Board’s Present Situation Index declined to 133.6 from 135.3 last month.
