Peloton Interactive Inc. and the National Music Publishers’ Association (NMPA) on Thursday announced that they have fully settled the litigation brought last year by 14 NMPA members.
Author: SGB Media
Modell’s Saves Two More Stores From Closure
Modell’s Sporting Goods said two more stores in Manhattan – located at 150 and 280 Broadway – will not be closing as planned due to negotiations with landlords, according to a Bloomberg report. The spared stores bring Modell’s planned closings to 17.
Report: Stage Stores Closing More Than 70 Locations
Stage Stores, Inc. has reportedly laid off more than 20 percent of its corporate staff and plans to close more than 70 of its approximately 700 stores, according to a report from Retail Dive.
Stack Sports Extends Its Partnership With New Jersey Youth Soccer
Stack Sports, a leading provider of sports technology, announced that it has extended its partnership with New Jersey Youth Soccer (NJYS), which will leverage the new U.S. Soccer Connect platform for its member club management.
DTLR Promotes Five To Key Leadership Roles
DTLR, a nationwide lifestyle retailer with more than 240 stores in 19 states, on Thursday announced multiple promotions.
Remington Products Acquires Foot Petals
Remington Products Company announced it has recently acquired the Foot Petals brand from RG Barry Corporation. Foot Petals is a designer brand of foot cushions and inserts including ball-of-foot, back of heel and arch cushions.
Active Ride Shop Announces New Ownership
Active Ride Shop, the skate chain based in Ontario, CA, announced that Bedford Ventures Inc. has acquired its assets from GemCap Lending following an auction process. The new owners plan to re-open three stores this spring.
2019 Was Watershed Year For 5.11 Tactical
5.11 Tactical, the apparel and gear brand owned by Compass Diversified Holdings LLC (CODI), truly found its stride in 2019 and Q4, in particular. The brand posted its second consecutive quarter of double-digit revenue growth and fourth consecutive quarter of double-digit EBITDA growth. Here’s how 5.11 did it and what’s in store for 2020 and beyond.
How TJX Bucked Retail Trends In 2019
The TJX Cos. Inc. clearly doesn’t subscribe to the “retail apocalypse.” The parent of T.J. Maxx, Marshalls, Sierra and other retailers added 223 net stores in 2019 even as competitors shuttered doors. On TJX’s earnings call this week, CEO Ernie Herrman shared some of the reasoning behind the company’s ability to buck the wider industry trend.
VF Corp. Closes Inaugural €500 Million Green Bond
VF Corp. announced the closing of its €500 million green bond offering, representing the first green bond issued in the apparel and footwear industry. The amount equivalent to the net proceeds from the offering will be used to advance programs within the company’s Made for Change Sustainability & Responsibility strategy.
Acushnet’s Earnings Soar In Q4
Acushnet Holdings Corp., the parent of Titleist, reported net income rose 57.0 percent in the fourth quarter on a 7.3 percent sales gain. Net earnings rose 21.2 percent in the year on a 2.9 percent sales increase.
Crocs’ Q4 Revenues Jump 22 Percent
Crocs, Inc. reported earnings in the fourth quarter that topped Wall Street’s targets as sales expanded 21.8 percent to cap off a strong year. Crocs officials, however, warned that sales in the first quarter would be hurt by $20 million to $30 million due to disruptions in Asia from the coronavirus.
RYU Apparel Inc. Sets Major Restructuring
RYU Apparel said it has scaled back growth plans, significantly reduced its corporate headcount and closed two mall locations due to challenges the four-year-old activewear brand has faced securing funding.
5.11 Shines For CODI In Q4
5.11, the tactical brand owned by Compass Diversified Holdings LLC (CODI), posted its second consecutive quarter of double-digit revenue growth and fourth consecutive quarter of double-digit EBITDA growth to headline CODI’s Q4 and 2019 results.
BSN Sports Announces Partnership With National Pro Fastpitch
BSN Sports, a division of Varsity Brands, announced a partnership with National Pro Fastpitch (NPF), the United States’ leading professional women’s softball league. The move marks BSN Sports’ latest investment in the growth and success of female athletics – and women’s softball in particular.
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