The Buckle Inc. announced that total net sales for the 4-week fiscal month ended May 30 decreased 16.8 percent to $51.2 million from net sales of $61.5 million a year ago.
Author: SGB Media
G-III Apparel Group To Close Wilsons Leather And G. H. Bass Stores
G-III Apparel Group announced plans to close its 110 Wilsons Leather and 89 G.H. Bass stores. Separately, the company reported a first-quarter loss amid COVID-19 related revenue declines.
Duluth Trading Sees Modest Q1 Revenue Decline
Duluth Holdings Inc. the holding company of Duluth Trading, reported only a modest sales decline in the first quarter of May 3 as an acceleration of online sales helped to make up for store closures tied to COVID-19. Losses doubled in the traditionally-slow period for the brand.
Tilly’s Finds Online Strength Can’t Counter Store Closures
Tilly’s Inc. played every card in their hand to reduce cash burn in the fiscal first quarter ended May 2, including closing stores and its distribution center, holding back store rent payments, canceling orders, cutting executive pay, furloughing employees and tapping into its revolver, but the closure of all stores in their 239-door portfolio since March 18 was too much to overcome in the period.
The Running Event Confirms 2020 Dates
The Running Event has confirmed that it is moving forward with the 2020 planned event in Austin, Texas from December 1-3, 2020. TRE event registration will open in mid-August.
Slinger Bag Taps Paul McKeown For CFO Post
Slinger Bag has named Paul McKeown as chief financial officer, effective immediately. Most recently, he served as vice president of finance for Precor Fitness.
Columbia Sportswear Closes Stores During George Floyd’s Memorial Services
Columbia Sportswear in an internal memo said it will be closing all its stores for two hours during George Floyd’s memorial service, make donations to the NAACP Legal Defense Fund and the Marshall Project, and double-match contributions by employees to non-profits addressing racism.
MLS, Players Reach New Agreement, Sets Stage For Resuming 2020 Season
MLS and the MLS Players Association completed a new collective bargaining agreement on Wednesday after the MLSPA voted to approve a revised plan, paving a way for a return to play in July.
Nike Renews Sponsorship Of Stade Toulousain
Nike has renewed its sponsorship deal with Stade Toulousain, the French rugby club.
Rab and Lowe Alpine Join Fair Wear Foundation
British outdoor brands Rab and Lowe Alpine, owned by Equip Outdoor Technologies UK Ltd., are now an approved member of Fair Wear Foundation.
Adidas Business In Greater China Returns To Growth In May
Adidas said that in Greater China, the company’s first major market on the road to recovery, all own- and partner-operated stores have been open since mid-April. While store traffic remained below the prior year level in May, targeted efforts to revitalize retail have led to sequential improvements since stores reopened
Nike EYBL Cancels 2020 Events
The Nike EYBL, one of the most prominent AAU basketball organizations in the country, announced that it is canceling all of its scheduled events for 2020.
Catsports Acquires Sports Equipment Of Toronto Ltd.
Catsports has completed the purchase of Sports Equipment of Toronto, further strengthening its position as a Canada-wide leader in the sale of sports and recreational equipment for the institutional market.
Wolverine Seeing Online Sales Surge In Second Quarter
Wolverine World Wide Inc., in a business update, said owned e-commerce grew more than 90 percent in the first nine weeks of the second quarter of fiscal 2020, helping the company deliver a better-than-expected performance so far in the period.
NBA Expected To Approve 22-Team Plan To Restart Season
The NBA plans to resume play on July 31 with 22 of its 30 teams competing for the final seeds of a 16-team playoff, according to a report from ESPN.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal