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.
Author: SGB Media
Black Diamond Opens Store In Montana
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Newell Brands Announces Tender Offer For $300 Million Of Outstanding Debt
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VF’s Debt Ratings Face Possible Downgrade
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HanesBrands Announces Retirement Of General Counsel
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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.
Lids Partners With MLB All-Star Pitcher Trevor Bauer
MLB All-Star Pitcher, NL Cy Young finalist Trevor Bauer has partnered with Lids. With the partnership, Lids, celebrating its 25th year in business, will become the exclusive headwear retailer for Bauer. Bauer is the first MLB player to partner with Lids in its history. Following the buzz around his personal merchandise and custom cleats earlier […]
Inside The Call: Nautilus Inventory Issues Impact Strong Q3 Results
Nautilus Inc. reported breakout third-quarter results, but the report came on the same day very positive news broke regarding progress with a COVID-19 vaccine.
Slinger Bag Expands Into Asia-Pacific
Slinger Bag announced an exclusive five-year distribution agreement with Tennis Bot Pte Ltd to expand its tennis range into Singapore.
Chattanooga Shooting Supplies Appoints Head Of Wholesale Division
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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.
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