HanesBrands Announces Retirement Of General Counsel
HanesBrands announced that Joia M. Johnson, chief administrative officer, general counsel and corporate secretary, plans to retire effective May 2021.
Tilly’s Announces New $65 Million Asset-Backed Credit Facility
Tilly’s Inc. announced that it has established a new $65.0 million asset-backed credit facility with Wells Fargo Bank.
JCPenney Receives Court Approval For Sale
J. C. Penney Company Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement (APA) with Brookfield Asset Management, Inc., Simon Property Group and the company’s DIP and First Lien Lenders
Descente’s Revenues Slump 35 Percent In Six Months
Descente Ltd. reported a loss in the fiscal six months ended September 30 as sales were down 34.9 percent in the six months.
Rural Cloth, CMC Brands Announce Strategic Partnership
Rural Cloth and CMC Brands announced a joint partnership leveraging strategic operational efficiencies to spur further growth of both organizations.
Adidas Records Strong Recovery In Third Quarter
Adidas reported sales and profitability recovered in the third quarter as stores reopened, alongside booming e-commerce sales. Adidas no longer expects a return to growth in the fourth quarter due to a worsening of the pandemic in many regions but sees a modest profit.
Imports Set New ‘Peak Season’ Record As Retailers Prepare For Holidays
Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Christy Sports Acquires Double Diamond Ski Shop
Christy Sports announced that it has acquired Double Diamond Ski and Bike Shop, a specialty ski and snowboard retail and rental operator located at Vail, CO.
Stocks Rally On Pfizer Vaccine News
The broader stock market soared on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90 percent effective. However, the majority of stocks in the active lifestyle space that have thrived amid the pandemic, including Peloton, saw sharp declines.
Callaway Golf Q3 Sales Climb 12 Percent
Callaway Golf Company reported net earnings in the third quarter ended September 30 rose 69 percent as sales grew 12 percent. The gains were driven by a 27 percent hike in golf equipment.
Clarus’ Q3 Revenues Expand 7 Percent
Clarus Corp. reported sales grew 7 percent in the third quarter and predicted its fourth-quarter sales would climb in the range of 11 percent to 13 percent. Black Diamond sales dropped 8 percent while Sierra Bullet’s sales soared 135 percent.
RYU Apparel Appoints CFO And Partners With Naked Brands’ Co-Founder
RYU Apparel Inc. said it entered into a consulting relationship with Joel Primus, co-founder of Naked Brands Inc. and hired Alex McAulay as its CFO.
Camping World Opens New SuperCenters In Texas, Louisiana And Idaho
Camping World Holdings Inc. has expanded its national footprint with the recent openings of Camping World SuperCenters in Spring, TX and Breaux Bridge, LA, along with a planned opening of a Gander RV SuperCenter in Pocatello, ID, scheduled for December 1.
VF Corp. To Acquire Supreme
VF Corp. signed a definitive merger agreement to acquire Supreme, the streetwear brand. Current investors, The Carlyle Group and Goode Partners are selling their stakes in the Supreme brand. VF said the Supreme brand offers a $1 billion global opportunity over time through international and DTC expansion.
Altitude Sports Makes New Appointments
Altitude Sports, Canada’s online outdoor retailer, appointed Bao Trinh and Ian Booler, as vice president of merchandising and vice president of finance, respectively.
