Drive Shack Inc. announced the opening of a new concept, Puttery, in The Colony, TX.
Author: SGB Media
OvareVentures Expands Retail Presence With Purchase Of Kenver, Ltd.
OvareVentures is expanding its retail presence and adding to its outdoor portfolio with the purchase of Massachusetts-based Kenver, Ltd., a sportswear boutique and outdoor retail hub.
CODI Completes Simplification Of Tax Structure
Compass Diversified (CODI) announced that it has completed its planned tax reclassification. Effective Wednesday, Compass Diversified Holdings will be treated as a corporation for U.S. federal income tax purposes.
iFIT Health & Fitness Files For IPO
iFIT Health & Fitness, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, filed for an initial public offering with the Securities & Exchange Commission to raise up to $100 million.
Athleta Launches E-Commerce In Canada
Athleta, owned by Gap Inc., launched e-commerce in Canada. Athleta first announced its expansion into Canada in April as part of its growth plan to reach $2 billion in net sales by 2023.
Public Lands Announces Initial Conservation Partners
Public Lands, the outdoors-themed retailer from Dick’s Sporting Goods, announced the creation of The Public Lands Fund and partnerships with ten environmental nonprofit organizations.
Caleres Sees Q4 Revenues Climb 35 Percent
Caleres Inc. reported sales improved 34.7 percent in the second quarter ended July 31. The gains were driven by a 35.8 percent sales increase in the Famous Footwear segment and a 30.2 percent sales increase in the Brand Portfolio segment. Higher gross margins further helped the off-pricer deliver its most profitable quarter ever.
Sequential Brands Group Commences Voluntary Chapter 11 Proceedings
Sequential Brands Group Inc. announced that it, together with its wholly-owned subsidiaries, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.
Flip Raises $28 Million Series A Round
Flip, the Los Angeles-based social commerce app, announced that it closed a $28 million Series A round led by Streamlined Ventures, a Silicon Valley-based early-stage investment firm.
Allbirds Files To Go Public
Allbirds Inc. has filed with the Securities & Exchange Commission for an initial public offering. Net revenue rose to $219.3 million in 2020 from $193.7 million in 2019.
NPD Report: Equipment Sales In U.S. Sports Specialty Market Grow In First Half 2021
NPD Group reported that equipment sales at sports specialty retail grew by 23 percent in the first half of 2021, compared to the same pre-pandemic period in 2019.
Avid Apparel Secures Investment
Avid Apparel announced that it has secured an investment from Alignvest Management Corporation in partnership with EGADS Group.
Former Adidas Brand Chief Launching Sustainable Streetwear Brand
Eric Liedtke, who formerly led global brands at Adidas, is launching a zero-waste, zero-plastic streetwear brand called Unless, according to Business Of Fashion.
Designer Brands’ Q2 Profits Handily Top Wall Street’s Targets
Designer Brands Inc., the parent of DSW, reported earnings on an adjusted basis in the second quarter ended August 1 were more than double Wall Street’s targets. The company said it achieved record-setting second-quarter sales and gross profit at the U.S. Retail segment. Comparable sales were up 84.9 percent year-over-year.
WHP Global Acquires Lotto
WHP Global has acquired the global trademarks for the Italian sports brand Lotto. Lotto Sport Italia S.p.A. (LSI) and its current leadership team, including CEO Andrea Tomat, will continue to operate the Lotto brand in the core markets of Italy, Europe, the Middle East, and Africa.
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