Yue Yuen’s Revenues Slide 19 Percent In Nine Months
Yue Yuen Industrial (Holdings) Ltd. reported revenue in the first nine months of 2020 fell 19.1 percent to $6,086.7 million, compared to the corresponding period of last year. The loss in the period came to $154.1 million. The fall in revenue was mostly attributed to COVID-19.
Century 21 Intellectual Property Assets Up For Sale
Century 21, which filed for bankruptcy in September and is liquidating its 13 stores in New York, New Jersey, Pennsylvania and Florida, is now selling its intellectual property assets.
Dick’s SG To Extend Black Friday Events Across 10 Days
Dick’s Sporting Goods announced plans to offer its Black Friday deals over a 10-day period rather than concentrated on a single shopping day. The strategy is intended to help ensure a safe shopping experience for its customers amid the pandemic this holiday season.
RYU Apparel Partners With Canada Skateboard
RYU Apparel Inc. entered a three-year partnership to become the apparel provider for Canada Skateboard.
Dillard’s Catapults In Q3
Dillard’s Inc. reported comparable store sales decreased 24 percent in the third quarter, but earnings vaulted to $31.9 million, or $1.43 per share, from $5.5 million, or 22 cents, for the prior-year third quarter
Hibbett Sports Announces New Merchandising Leadership Team
Hibbett Sports announced a new structural alignment for its merchandising leadership team which will allow the retailer to focus more on consumers with a “toe-to-head” connective approach across its product categories including Mens, Womens and Kids. The new Hibbett/City Gear structure will be organized by gender.
Arbor Collective Opens Flagship Store
The Arbor Collective announced the opening of its newest flagship store in San Diego, CA. The Pacific Beach shop joins Arbor’s retail operation in Venice Beach, CA as well as the Arbor Tahoe located in Truckee, CA. The store opening comes as the brand approaches its 25the anniversary.
HanesBrands Appoints Chief Consumer Officer
HanesBrands announced that Greg Hall will join the company as chief consumer officer effective November. 16. He was most recently senior vice president, private brands, at Walmart.
Revolve Group’s Q3 Earnings More Than Double
Revolve Group reported a 2 percent year-over-year decline in net sales in the third quarter ended September 30 to $151 million. The performance reflects a 10-point improvement on a sequential basis compared to the 12 percent year-over-year decline in net sales reported for the second quarter of 2020.
ECCO Names Global Head Of Specialty Sales
ECCO announced that it has appointed Erik Walcott as global head of specialty sales overseeing its Outdoor division, effective immediately.
New Government Report Outlines Outdoor Recreation’s Economic Impact
The outdoor recreation industry continues its robust growth, bolstering the country’s overall economy. Such were the findings in a Tuesday report released by The Outdoor Recreation Roundtable and Bureau of Economic Analysis, whose results unveiled economic data on outdoor recreation’s economic impact on the U.S. economy.
Adidas Secures New $1.8 Billion Loan Facility
Adidas AG said that it has secured a new loan facility for €1.5 billion ($1.77 billion) to weather the economic fallout from the COVID-19.
Black Diamond Opens Store In Montana
Black Diamond Equipment opened its doors to a new retail store in Big Sky, MT.
Newell Brands Announces Tender Offer For $300 Million Of Outstanding Debt
Newell Brands launched a debt tender offer to purchase for cash up to $300 million in debt. The company expects to fund the Offer with available cash on hand.
VF’s Debt Ratings Face Possible Downgrade
Moody’s Investors Service placed V.F. Corporations’ long-term ratings on review for downgrade due to VF’s move to acquire the Supreme streetcar brand for $2.1 billion.
