G-III Apparel Group Ltd. announced that it has priced $400 million aggregate principal amount of 7.875 percent senior secured notes due 2025.
Author: SGB Media
NASM And AFAA Announce All-Virtual 2020 Optima Conference On The Future of Fitness
The National Academy of Sports Medicine and the Athletics and Fitness Association of America announced that its sixth annual Optima Conference will be a virtual event produced and accessed online.
LakePoint Sports Announces New Corporate Partners
LakePoint Sports, the youth sports destination based in Atlanta, announced several new multi-year partnerships with Coca-Cola Bottling Company United, IOA, Proteus Motion, S2 Cognition, Old Hickory Bats, Freeze Sleeve, the Heat Shields, King of Pops, Dugout Mugs, the Windscreen Factory and the Great American Cookie Company.
Golf Equipment U.S. Sales Jump 51 Percent In June, According To NPD
As golf courses around the United States continue to reopen, golf equipment dollar sales grew by 51 percent in June compared to the same month last year, building off of the market’s 22 percent growth in May, according to The NPD Group.
Hyperice Partners With NBA
Hyperice, the recovery company known of its sports massage devices, announced a multiyear partnership to become the Official Recovery Technology Partner of the NBA.
Salt Life Opening Owned-Retail Stores in Southeast
Salt Life, owned by Delta Apparel, announced the addition of two new retail stores and a series of “pop up” stores.
Lord & Taylor Files For Bankruptcy
Lord & Taylor, the oldest U.S. department store chain, has filed for bankruptcy protection with a plan to liquidate its stores
Deckers Brands Gets E-Comm Lift In Fiscal Q1 With Strength In Hoka And Ugg Slippers
Deckers Brands saw a “robust” direct-to-consumer business in the fiscal first quarter ended June 30, driven by triple-digit online growth in both the Ugg and Hoka One One brands. Net sales for the first fiscal quarter ended June 30 increased 2.3 percent to $283.2 million.
Columbia Sportswear Looks To Fall/Winter Season, E-Commerce As Opportunities
Columbia Sportswear’s second-quarter direct-to-consumer e-commerce business grew 72 percent year-over-year and represented 28 percent of global net sales during the quarter as the company managed through the impact of the global COVID-19 pandemic.
Newell Brands Sees 20 Percent Sales Drop In Outdoor & Recreation Segment
Newell Brands said sales at its Outdoor & Recreation segment, which includes Coleman and Marmot, fell 20.3 percent to $353 million from $443 million a year ago. The decline reflected a core sales decline of 21.5 percent and the impact of unfavorable foreign exchange.
VF’s Q1 Sales Fall 48 Percent, But Bounce Back In China
VF Corp. reported a net loss of $285.6 million, or 73 cents a share, in the first quarter ended June 30 as revenues tumbled 48 percent. The loss was 10 cents better and sales were slightly above Wall Street’s targets. VF said it has seen recovery in China and expects revenues for the current quarter to be down less than 25 percent.
Under Armour Posts Steep Loss In Q2
Under Armour reported a net loss of $183 million in the second quarter ended June 30, including $39 million in restructuring charges. Revenues were down 41 percent. Sales topped Wall Street’s target but losses were significantly below. Sales in North America were down 45 percent.
Johnson Outdoors Sees Fiscal Q3 Revenues Sink 21.5 Percent
Johnson Outdoors reported net profits in the fiscal third quarter ended June 26 fell 41.6 percent as revenues declined 21.5 percent.
NPD Report: June Golf Equipment U.S. Sales Jump 51 Percent
As golf courses around the United States continue to reopen, golf equipment dollar sales grew by 51 percent in June compared to the comparable month last year, building off of the market’s 22 percent growth in May according to The NPD Group.
Deckers Brands Posts Solid Quarter On Strong DTC, Hoka and Domestic Gains
Deckers Brands reported that net sales for the first fiscal quarter ended June 30 increased 2.3 percent to $283.2 million compared to $276.8 million for the comparable period last year. The basic loss per share was 28 cents a share compared to a basic loss per share of 67 cents in the comp period last year.
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