Caleres Debt Ratings Upgraded

Moody’s Investors Service upgraded Caleres, Inc.’s debt ratings, reflecting Caleres’ earnings growth coming out of the coronavirus pandemic as well as governance considerations, specifically recent debt repayment.

JCPenney To Offer Forever 21

JCPenney announced Forever 21 as the latest addition to its portfolio of fashion brands available in 100 JCPenney stores nationwide and online at jcpenney.com.

Gildan Activewear Announces Acquisition Of Frontier Yarns

Gildan Activewear Inc. announced that, through one of its wholly-owned subsidiaries, it has acquired 100 percent of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately $168 million.

AAFA Urges Biden Administration To Act On Inflation

American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.