Increasing sustainability scrutiny will create long-term challenges for many global apparel companies’ credit quality and drive value chain transformation, Moody’s Investors Service said in a report.
Month: April 2021
ABC Fitness Solutions Acquires Fitness BI
ABC Fitness Solutions, LLC (ABC) announced today it has acquired Fitness BI.
The U.S. Cotton Trust Protocol Joins Sustainable Apparel Coalition
The U.S. Cotton Trust Protocol announced its membership in the Sustainable Apparel Coalition (SAC), the alliance for sustainable production in the apparel, footwear and textile industries.
Nordstrom Announces Closing Of $675 Million Of Senior Unsecured Notes
Nordstrom Inc. announced the closing of its previously announced offering of $250 million aggregate principal amount of its 2.300 percent senior notes due 2024 and $425 million aggregate principal amount of its 4.250 percent senior notes due 2031.
Piper Sandler Survey: Athletic’s Appeal Continues Strong With Teens
The athletic apparel and athletic footwear categories again grew mindshare among the Gen-Z generation, led by increased interest from girls, according to Piper Sandler’s 41st Biannual Taking Stock With Teens Spring 2021 Report. Nike and Lululemon were again the big winners in the active lifestyle space. Other brands increasing in popularity among teens were Crocs, Shein and PacSun, while Vans and Adidas lost ground.
SITKA Opens Retail Store In Bozeman, MT
SITKA announced the opening of its first experience center, the SITKA Depot. The 3,000-square-foot retail store will offer a full brand experience.
Grundéns CEO, David Mellon, Discusses The Brands Launch Into Footwear
SGB Executive sat down with CEO David Mellon, a former Simms executive and head of product for Black Diamond, for the reason behind the brand’s footwear launch, the fishing industry and the brand’s sustainability efforts.
OARS Releases 2021 Western Rafting Outlook
With an underwhelming snowpack that’s hovering at average to below average across much of the western U.S., rafting outfitters anticipate normal whitewater conditions this year. According to OARS, which released its 2021 Rafting Outlook this week, there’s plenty to look forward to as the season gets underway, including record demand for river trips.
Foot Locker Releases 2019/20 Impact Report
Foot Locker Inc. released its Impact Report, which describes the company’s efforts to advance its environmental, social and governance (ESG) priorities.
Buckle’s March Sales Triple
Buckle Inc. announced that net sales for the 5-week fiscal month ended April 3, 2021, increased 240.2 percent to $139.4 million from net sales of $41.0 million for the prior year 5-week fiscal month ended April 4, 2020.
Topps Going Public through SPAC Merger
Topps, the trading card company, is going public by merging with a blank-check firm in a deal that values the company at $1.3 billion.
VF Corp Opens New Warehouse In Leicestershire
VF Corporation, through its local subsidiary VF Northern Europe Limited, announced it has begun operations at its new multimillion-dollar fulfillment center in Bardon, Leicestershire, England employing approximately 250 people during peak periods.
Galvin Green Appoints New GM And Sales Director In North America
Galvin Green has appointed Tom Romano as its new general manager in North America and Lou Delfino as director of sales to accelerate its growth plans in the U.S.
Callaway Golf’s Debt Lowered On Topgolf Acquisition
S&P Global Ratings lowered its debt rating on Callaway Golf Co. to ‘B’ from ‘B+’ due to the completion of its merger with Topgolf International Inc.
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