Phelps Brand launched a collection of swimwear inspired by World Champion swimmer Penny Oleksiak and featuring unique design elements that capture her character and personality. “I love being a part of the Phelps Brand team, and I jumped at the chance to help create new designs around the products I’m already using,” said Oleksiak. “I […]
Author: SGB Media
Belk Files For Bankruptcy
Belk Inc., as expected, filed for bankruptcy protection in Houston, TX commencing “Pre-Packaged, One Day” reorganization. The plan calls for the reduction of $450 million in debt from the department store’s balance sheet and a $225 million capital infusion, supplied by Belk lenders and its private-equity owner Sycamore.
REI Expands Mobile Work Practices
REI announced that it has both identified the first of its future satellite offices in Issaquah, WA and will test a model that allows employees to work up to five days a week from home. The moves follow REI’s sale last September of its newly completed corporate campus in Bellevue, WA, with plans to shift to a more distributed work model.
Poler Stuff Continues Expansion In U.S. And Europe; Announces New Sales Representation
Poler Stuff announced today the launch of its upcoming Spring 2021 collection with national and specialty retailers, including Zumiez, REI, Urban Outfitters, Nordstrom, Tilly’s, Tactics, Evo, and Jack’s Surfboards. The brand has also appointed the following sales agencies in the U.S. and U.K.:
NRF Forecasts Retail Sales Between 6.5 Percent And 8.2 Percent In 2021
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens.
Fleet Feet Adds Five Stores In 2020, Makes Key Hires
Fleet Feet announced significant growth in 2020 as it added five stores to close with 182 and saw triple-digit growth of its e-commerce site. The franchisor also hired a head of human resources and marketing and made several promotions to support future growth.
Stio Appoints Vice President Of Marketing
Stio has named Evan Torrance as vice president of marketing. Torrance joins the executive leadership team and reports to president Noah Waterhouse.
Play It Again Sports Parent Sees Modest Earnings Decline In 2020
Winmark Corporation, the parent of Play It Again Sports, reported net income for the year ended December 26, 2020 of $29.8 million, or $7.72 per share, down 7.2 percent compared to net income of $32.1 million, or $7.84, in 2019.
SRAM Acquires Time Sport’s Pedal Business
The SRAM Group announced it has acquired the Time Sport pedal business from Rossignol, which has now disposed of the brand entirely.
Puma’s Q4 Sales Climb 9 Percent, Sees Difficult First Half Of 2021
Puma reported sales grew 9.1 percent on a currency-neutral basis in the fourth quarter. With lockdowns currently closing about half of the retail stores selling Puma’s products in Europe, a challenging first quarter is expected. Recovery, however, is forecast near the end of the second quarter and strong improvements throughout the third and fourth quarter.
Impact Analytics Raises $11M In Funding Round
Impact Analytics Inc. closed on an $11 million growth financing led by Argentum Capital Partners IV, L.P. In connection with the financing, Walter H. Barandiarán, managing partner at Argentum, has joined Impact’s Board of Directors.
BoxUnion And Title Boxing Club Announce New Chief Operating Officer
BoxUnion Holdings, the parent company to Title Boxing Club and BoxUnion, has announced Justin Ghadery as its chief operating officer. Ghadery most recently serving as senior vice president of global operations for Gold’s Gym International.
Clubessential Holdings Announces Acquisition Of ForeUP
Clubessential Holdings announced the acquisition of ForeUP, a provider of public golf club management software. The acquisition expands its presence to public golf clubs and courses.
Champion Announces Collaboration With Muhammad Ali Brand
Champion Athleticwear and Authentic Brands Group (ABG) announced a multi-year collaboration for the Muhammad Ali brand.
TJX’s Comps Dip 3 Percent In Fourth Quarter
The TJX Companies, Inc. reported same-store sales were down 3 percent in the fourth quarter ended January 30 and turned positive in January.
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