Apex Global Brands reported sales declined 21.4 percent in the second quarter ending August 1. The net loss came to $1.3 million, or $2.38 a share, in-line with the year-ago period. The owner of Hi-Tec, Magnum, Tony Hawk and other lifestyle brands also said it entered into an amended forbearance agreement with senior secured lender on September 1.
Author: SGB Media
Flywheel Files For Bankruptcy, To Close Locations
Flywheel Sports, the cycling studio, has reportedly filed for Chapter 7 liquidation with a plan to close its remaining 28 locations.
Kohl’s Lays Off 15 Percent Of Corporate Staff
Kohl’s Corp. in a regulatory filing said that as of September 15 it took various actions to further align its cost base in response to the business impact resulting from COVID-19.
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Texworld USA And Apparel Sourcing USA Reformat Show
The largest sourcing event on the East Coast returns to the Javits Center in January 2021 with new dates, a new name and three ways to participate: Pop-up Sourcing Showcase, Traditional Exhibition and Virtual Platform.
Simon Will Not Open Properties On Thanksgiving Day
Simon Property Group, one of the largest mall operators in the country, announced it will not open properties on Thanksgiving Day.
Hilo Nutrition Acquired By PE Firm
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Industrial Revolution Appoints VP Of Sales
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