NRF Chief Economist Sees Latest Stimulus Helping Recovery
Economic challenges brought on by the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas will help maintain and accelerate the nation’s ongoing recovery, believes National Retail Federation Chief Economist Jack Kleinhenz.
HanesBrands Wins Infringement Case Against Six Defendants In China
HanesBrands announced that it has received a favorable judgment from the Nanjing Intermediate People’s Court in a trademark infringement case involving its Champion brand in China.
Maine Sport Outfitters To Open Third Location
Maine Sport Outfitters plans to open a store in Rockland, ME. The retailer currently operates locations in Rockport and Camden.
Dubai’s GMG Acquires Southeast Asian Sports Retailer
The Dubai-based family holding company, Gulf Marketing Group (GMG), has acquired Royal Sporting House (RSH), one of the largest multi-brand sports retailers in Southeast Asia.
Macy’s Names Chief Merchandising Officer
Macy’s Inc. announced that Nata Dvir has been named chief merchandising officer of the Macy’s brand, effective February 1, 2021. She currently serves as Macy’s senior vice president and general business manager for Beauty and Center Core merchandise.
Footwear Analyst Joins Williams Trading
Sam Poser, formerly lead footwear and apparel analyst at Susquehanna International Group, has joined Williams Trading as an equity analyst.
REI’s CEO Sends Year-End Note To Co-Op Members
In a year-end letter to co-op members entitled, “Grateful for Our Community in a Year Like No Other,” Eric Artz, REI Co-op CEO and president, reflected on the accomplishments of the company. He also noted that while the past year had its challenges, it was also one of “profound clarity, focus and learning.”
Mad Engine Sold To Platinum Equity
Platinum Equity announced that it has acquired a controlling stake in the apparel company Mad Engine from affiliates of the company’s current ownership group, which has owned the business since 2011. Mad Engine’s owned brands include Lifted Research Group (LRG), Neff Headwear and Mighty Fine.
Asics Closes Flagship Store In Manhattan
Asics shuttered its New York City flagship store on Fifth Avenue in Manhattan in December 2020 amid the prolonged impact of COVID-19. The store opened in 2017. Asics will take a 2.3 billion ($22 million) charge to cover the lease cancellation and the loss on the impairment of the related fixed assets.
Callaway Golf Signs Golf’s No. 2 Ranked Player
Callaway Golf Company announced that Jon Rahm, the No. 2 ranked player, has joined its tour professional staff in a multi-year agreement.
J.C. Penney Resets Board
J.C. Penney, in a regulatory filing, said five members of its board had resigned following its emergence from bankruptcy proceedings through a sale to Simon Property Group and Brookfield Asset Management.
Survey: More Than Two-Thirds Of Americans Said Their Health And Fitness Has Been Negatively Impacted In 2020
According to a new survey from Life Time, a majority of people have reported gaining weight, losing muscle and struggling with their mental health during the past year.
USTA Fulfills More Than $10 Million In Funding Commitments To Support Tennis
At the start of the COVID-19 pandemic, the USTA announced a series of financial and service-based commitments to support the tennis ecosystem in the U.S. Through the leadership of Michael Dowse, USTA CEO and executive director, more than $10 million in funding was committed to in 2020.
USA Football Introduces Coach, Education And League Leadership Advisory Councils
USA Football announced members of three advisory councils to provide the organization leadership and assistance in its efforts to create, maintain and deliver resources and support to youth football leagues and coaches. Coach, Education and League Leadership advisory councils are intended to advance USA Football’s work across grassroots levels of the sport.
Charm City Run Closes Store In Locust Point
Charm City Run closed its store in Locust Point due to the impact of the pandemic. The retailer continues to operate six other stores in the Baltimore area.
