Kohl’s reported third-quarter earnings that were significantly better than Wall Street’s targets although same-store sales were down 13.3 percent.
Author: SGB Media
Sperry Names Chief Marketing Officer
Sperry, a division of Wolverine Worldwide, appointed Elizabeth Drori as its new chief marketing officer. Most recently, she was head of marketing for Walmart’s fashion business.
Sequential Brands Posts Q3 Profit Against Loss
Sequential Brands Group reported a profit against a year-ago loss in the third quarter as sales declined slightly.
SFIA Appoints Chief Business Officer
The Sports & Fitness Industry Association announced the appointment of Bill Patterson as SFIA’s chief business officer, effective immediately. He formerly worked for OpSec Security.
Dynamic Brands Announces New Hires In Richmond And Pageland
Dynamic Brands announced new hires at its corporate headquarters in Richmond, VA and at their Pageland, SC production facility.
Strava Announces $110 Million Financing
Strava announced that it has raised $110 million in a Series F financing round led by TCV and Sequoia Capital, with participation by Dragoneer Investment Group and existing investors including Madrone Capital Partners, Jackson Square Ventures and Go4it Capital.
Therabody Acquires RP Sports
Therabody, formerly known as Theragun, said it has acquired RP Sports and its clinical technology product line, RecoveryPump.
Puma To Sponsor United Soccer League
The United Soccer League, based in Tampa, FL, announced a new three-year agreement that makes Puma the national partner for the new USL Academy League.
Tentsile Goes Green On Black Friday
Tentsile is increasing its tree planting activity this holiday season. Each year Tentsile hosts a Green Friday sale focused on environmentalism over profits. On target to plant 1 million trees, Tentsile has reached the milestone of 742,000 trees planted since 2017. To help reach its goal to plant 100 trees for each Tree Tent or […]
Moncler Leads Sustainability Ranking In Textiles
Moncler received a major industry accolade. The luxury outerwear brand has been ranked as the Industry Leader of the ‘Textile, Apparel & Luxury Goods’ sector in the Dow Jones Sustainability Indices (DJSI) World and Europe. It’s the second year in a row that the Italian firm has been recognized to receive the top spot in […]
Simon Property, Taubman Agrees To Price Reduction In Reverse Merger
Simon Property Group Inc. and Taubman Centers Inc. announced that they have reached a definitive agreement modifying certain terms of the original merger agreement, including a modified purchase price of $43.00 per share in cash and other provisions to reduce closing conditionality.
Camping World Agrees To Acquire Outlet Recreation
Camping World Holdings Inc. announced an agreement to acquire the Outlet Recreation dealership based in the Fargo market. This acquisition marks the company’s first location in North Dakota, with plans for the deal to close in December 2020.
Iconix’s Q3 Revenue Improves, Sales Slide
Iconix Brand Group Inc. reported total revenue for the third quarter of 2020 was $24.5 million, a 31 percent decline, compared to $35.5 million in the third quarter of 2019.
Shred Home + Fitness Raises $4 Million
Shred, the home + fitness app creator, announced $4 million in seed funding and will use the revenue to grow its digital fitness platform, bring new products and features to market, and launch a streaming video service for customers to work out with friends. The service rolls out end-year.
Stein Mart Receives Bid For IP Assets
Hilco Streambank is marketing the intellectual property assets of Stein Mart after the retailer signed a $4 million deal with a subsidiary of Retail Ecommerce Ventures (REV) to be the stalking horse bidder for Stein Mart’s IP.
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