U.S. Outdoor Store, a landmark store in downtown Portland for decades, filed for bankruptcy and closed its downtown store. The retailer blamed fallout from COVID-19, civic unrest in Portland, shifts to online purchasing and a dispute with its lender. Amer Sports, The North Face and Volcom held the largest unsecured claims among vendors.
Author: SGB Media
Nike Ranks First Again In Apparel In Brand Intimacy Survey
Nike for the fourth year in a row led MBLM’s Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. The remaining brands in the top 10 for the apparel industry were Levi’s, Victoria’s Secret, The North Face, Under Armour, Adidas, Gap, American Eagle, Puma and Ralph Lauren.
Oboz Announces New Hires And Promotions
Oboz has hired a national sales manager and planning analyst while making two internal promotions in product and operations to foster its continued growth.
Yue Yuen’s Sales Sink In August
Yue Yuen Industrial reported sales in August reached $626.0 million against $840.3 million a year ago, representing a decline of 25.5 percent.
Peloton’s Q4 Sales Vault 172 Percent
Peloton Interactive Inc. reported sales jumped 172 percent in the fourth quarter ended June 30, easily topping expectations. EBITDA on an adjusted basis also was well ahead of forecasts.
Zumiez Q2 Earnings Soar
Profits at Zumiez Inc. climbed 182 percent in the second quarter ended August 1 as sales grew 9.6 percent. Earnings were well above Wall Street’s targets.
HitTrax Partners With Athletes Unlimited’s Inaugural Softball League
HitTrax announced a partnership with Athletes Unlimited Softball to support its inaugural season which will be played at Parkway Bank Sports Complex in Rosemont, Illinois from August 29 – September 28.
Adidas Launches Zoe Saldana Active Collection At Kohl’s
Kohl’s and Adidas announced a new collaboration with actress Zoe Saldana to launch the Adidas x Zoe Saldana collection of active apparel, footwear, and accessories for women.
Century 21 To Liquidate
Century 21, the New York department store chain, filed for bankruptcy and said it will close its stores after nearly 60 years in business. Adidas; Hanesbrands, the parent of Champion, Puma; and Nike all landed on the top-30 unsecured creditors list.
Academy Sports Sees Growth Well Beyond The Pandemic
Academy Sports’ IPO prospectus details the numerous steps Ken Hicks has put in place since taking over as CEO in May 2018 to drive steady improvement over the last few years and has now positioned the Texas-based chain for accelerated growth amid the pandemic. Hicks in a letter to shareholders in the prospectus, “We are at the beginning of an incredible journey and still have much to accomplish.”
Spectrum Aquatics Partners With Pyramide USA As Exclusive Distributor Of AquaClimb Products
Spectrum Aquatics, a PlayCore Company, and Pyramide USA Inc have entered an exclusive distribution partnership naming Spectrum the exclusive distributor of AquaClimb brand products, effective immediately.
UCLA’s Under Armour Lawsuit Moves To State Court
UCLA on Wednesday voluntarily dismissed its breach of contract lawsuit against the Under Armour in federal court while pursuing the complaint in state court. No reason was given for the removal action.
Chumash Capital Investments Acquires Azimuth Technology, LLC
Chumash Capital Investments, LLC (CCI) announced that it has acquired Azimuth Technology, LLC, a manufacturer of tight-tolerance firearms components, from LongueVue Capital and Clavis Capital Partners.
Team Wendy To Be Acquired By Avon Rubber
Team Wendy, a Cleveland-based maker of athletic and military helmets, has agreed to a sale to UK-based Avon Rubber p.l.c., the parent of Avon Protection Systems, for a cash consideration of $130 million.
Remington Lines Up Bid For Ammunition Business
Remington Outdoor Co. Inc., which filed for bankruptcy protection on July 27, has secured a $65 million “stalking horse” bid for its ammunition business from JJE Capital Holdings.
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