Kohl’s Raises Guidance As Q2 Results Surpass Expectations
Kohl’s Inc. raised its outlook for the year after reporting second-quarter earnings and sales handily topped Wall Street’s targets.
Dick’s SG Appoints Chief Financial Officer
Dick’s Sporting Goods announced that Navdeep Gupta has been appointed executive vice president, chief financial officer, effective October 1, 2021. Gupta will be responsible for the company’s finance, investor relations, accounting, business development and procurement functions. Current CFO Lee Belitsky will remain with Dick’s as executive vice president and continue to oversee several key areas – supply chain, real estate, construction and GameChanger.
REI Celebrates Store Opening In Orland Park, IL
REI is celebrating the opening of its 20,000-square-foot store in the Village of Orland Park in Illinois with a three-day celebration that runs from August 27-29.
NHL Owners Approve Jersey Ads For 2022/23 Season
The NHL plans to add the jersey patch starting in its 2022/23 season, according to a number of reports.
Under Armour Veteran Joins BlueChip Holdings As Advisor
Todd Montesano, the former senior vice president of global entertainment and partnerships at Under Armour, will join BlueChip Holdings Inc. as a board member and senior advisor.
Lululemon Makes Equity Investment In Genomatica
Lululemon Athletica Inc. made an equity investment in sustainable materials firm Genomatica as part of a multi-year collaboration to bring renewably sourced, bio-based materials into its product assortment. The move represents its first equity investment in a sustainable materials company.
Wilson Sporting Goods Opens NYC Pop-Up Museum Timed With US Open
Wilson Sporting Goods, which has long been the official ball and racket stringer of the US Open, announced opening plans of its New York City pop-up museum and retail shop to celebrate the upcoming sporting event.
Old Navy Overhauls Plus-Size Fashion Line
Old Navy said it will end its practice of separate plus-size sections for women’s clothing in stores and online and begin offering all of its women’s apparel in sizes 0 to 30.
Hanesbrands To Require All U.S. Office Employees To Be Fully Vaccinated For COVID-19
HanesBrands announced that all U.S. office associates must be fully vaccinated against COVID-19 by October 15, 2021.
Canada Goose Launches Share Repurchase Program
Canada Goose Holdings Inc. announced that the Toronto Stock Exchange (TSX) has approved a normal course issuer bid (NCIB) providing for the purchase for cancellation of up to 5.94 million subordinate voting shares of Canada Goose.
TJX’s Q2 Comps Climb 20 Percent
The TJX Companies, Inc. reported earnings and sales topped Wall Street’s expectations. Open-only comp-store sales increased 20 percent against the second quarter of 2019 with apparel ahead in the low-teens.
RYU Apparel Announces Canadian $12.5M Non-Brokered Private Placement
Vancouver-based RYU Apparel Inc. announced that it intends to complete a non-brokered private placement financing of up to 12,500 units at a price of $1,000 per unit for aggregate gross proceeds of up to Canadian $12.5 million.
The North Face Forms Partnership With Spinnova
The North Face has reached an agreement with textile material company Spinnova to develop high-performance textiles with a sustainable component.
ITF Global Tennis Report 2021 Shows Worldwide Participation Gains
The International Tennis Federation’s (ITF) 2021 Global Tennis Report found healthy growth in tennis participation despite the impact of the pandemic. Key findings of the report indicate that there are more than 87 million players within the 41 nations that contributed to the report, an increase of 4.5 percent in these countries.
Trevco Acquires Women’s Apparel Brand Sub Urban Riot
Trevco announced its acquisition of Los Angeles-based women’s fashion brand, Sub Urban Riot.
