Gildan Publishes Lastest ESG Report
Gildan Activewear Inc. announced the publication of its 17th Environmental, Social and Governance (ESG) report. The 2020 ESG Report outlines its approach and commitment to ESG, the company’s 2020 performance results and key priorities to continuing its vision of Making Apparel Better.
Court Judge Rejects Under Armour’s Request To Dismiss UCLA Lawsuit
A Los Angeles Superior Court judge rejected Under Armour’s attempt to dismiss the lawsuit brought by UCLA seeking more than $200 million in damages over its terminated sponsorship deal.
WSS Named Partner Of The Los Angeles Dodgers
The Los Angeles Dodgers announced a multi-year partnership with WSS, the West Coast sneaker chain that recently entered into an agreement to be acquired by Foot Locker.
Hibbett Boosts Guidance As Q2 Far Exceeds Analyst Estimates
Hibbett Inc. raised its outlook for the year after reporting second-quarter results that came in well above Wall Street targets. Same-store sales declined 6.4 percent year over year but represented a surge of 72.8 percent compared to the second quarter of 2019.
Outdoor Voices To Open Store In Denver
Outdoor Voices plans to open a store this fall in Denver, CO at the River North Art District section of Five Points.
Athleta’s Q2 Comps Gain 13 Percent Year-Over-Year
Athleta’s net sales were up 35 percent in the second quarter versus 2019, according to its parent, Gap Inc. Comparable sales at Athleta grew 13 percent year-over-year and 27 percent versus 2019.
Resale Startup Trove Raises $77.5M
Trove, a Brisbane, CA-based branded recommerce company, raised $77.5 million in Series D funding. The round, which brought Trove’s total funding to date to $122.5 million, was led by G2 Venture Partners with participation from Bank of Montreal, Capital One Ventures, Commerce Ventures, and Wellington Management.
Gap Inc. Acquires E-Commerce Startup Drapr
Gap Inc. has acquired Drapr, an e-commerce startup and online tech application where customers can create 3D Avatars and virtually try on clothing.
Urban Outfitters Sees Q2 Sales Improve 20.3 Percent Against Q219
Urban Outfitters reported net sales for the three months ended July 31 were a record $1.16 billion. Net sales increased 20.3 percent compared to the three months ended July 31, 2019.
Golf Rounds Played Slide In July
U.S. golf rounds played were down 3.9 percent in July 2021 against a surge in play in the year-ago period due to the pandemic, according to Golf Datatech. For the year-to-date period, rounds played are ahead 16.1 percent.
SFIA Endorses Ocean Shipping Reform Act
SFIA announced it supports Congress in its recent proposed legislation to ease U.S. companies’ challenges regarding shipping during the pandemic.
Burlington Stores Sees Q2 Sales Expand 34 Percent Against 2019 Quarter
Burlington Stores Inc. reported profits on an adjusted basis rose 46.2 percent in the second quarter ended July 31 and sales grew 34 percent compared to the second quarter of 2019.
Lululemon Raises Minimum Base Pay For Hourly Staff
Lululemon Athletica Inc. announced a comprehensive overview of the company’s approach to pay and benefits. Effective September 27, 2021, Lululemon will raise the minimum base pay for the majority of its store and Guest Education Centre (GEC) employees in North America. As part of the additional investments, people who are currently employed, and individuals who are hired from this point forward, will receive a new minimum of $15 or $17 per hour depending on their role and the market.
SAXX Receives Strategic Investment From TZP Group
SAXX Underwear Co. Ltd. announced that it has received a strategic investment from TZP Group, a multi-strategy private equity firm, through TZP Capital Partners III, L.P.
