Lids has launched a new website, LidsHatDrop.com, for exclusive product drops.
Category: Apparel
Report: Super Bowl Generated $170M In In-Game Brand Exposure
NFL sponsors Nike, Pepsi and Bose scored highest in brand exposure during the 2022 Super Bowl, according to a report by Hive and Elevate obtained by CNBC.
Hibbett Sees Q4 Results Coming In Below Guidance
Hibbett, Inc. said fourth-quarter results will come in below guidance due to lower traffic and transaction counts in the back half of the quarter. EPS is now expected in the range of $1.18 to $1.25 against guidance of $1.85 to $2.05. Same-store sales decreased 1.0 percent which is below guidance of positive high single-digit comp sales.
Fanatics To Acquire Mitchell & Ness
Fanatics has partnered up with a number of celebrities, including the rapper Jay-Z and the D’Amelio family of TikTok fame, to purchase Mitchell & Ness, best known for its throwback jerseys. The deal valued Mitchell & Ness at about $250 million, according to reports.
Under Armour’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt ratings outlook on Under Armour to positive from stable. The rating agency said Under Armour’s credit measures remain strong due to its high demand, reduced promotional pricing and higher than normal cash balances.
Moody’s Assigns B1 To Callaway’s New Term Loan
Moody’s Investors Service affirmed Callaway Golf Company’s Corporate Family Rating (CFR) at B1 and Probability of Default Rating at B1-PD. Moody’s also assigned a B1 rating to the company’s new senior secured term loan B.
Report: Nike May Exit Georgetown Flagship
Lincoln Property Co. is seeking replacement tenants for the Nike Georgetown flagship store after Nike missed a deadline earlier this year to exercise a renewal option, according to the Washington Business Journal.
Reebok Forms Strategic Partnership With Foot Locker
Authentic Brands Group (ABG) announced a new and enhanced partnership with Foot Locker, Inc. for the Reebok brand within the United States. This includes the exclusivity of basketball shoes from Allen Iverson and Shaquille O’Neal.
Signa Sports United Appoints VP Of Bike, North America
Signa Sports United announced the appointment of Hap Seliga, a founder, executive and advisor in the cycling industry, as head of its North American bike operations.
SportChek’s Same-Store Sales Climb 15.9 Percent
Canadian Tire Corporation reported retail sales at its SportChek segment were up 5.8 percent in the fourth quarter while comparable sales grew 15.9 percent.
Tommy John Nets New Investor, Board Members
Comfort-focused lifestyle brand Tommy John announced that Manny Chirico and David Landau of LNK Partners have joined the brand’s Board of Directors as part of the private equity firm’s minority investment in the company.
January Retail Sales Overcome Omicron And Inflation To Show Strong Gains
Retail sales powered through COVID-19’s Omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said.
Imperial Headwear Announces VP Of Golf Sales
Imperial Headwear announced John Anderson’s hire as the company’s new vice president, golf sales.
Bemis Makes Major Investment In Novoloop
Bemis Associates Inc., a maker of plastic film used for adhesives, has made a major investment in plastic upcycling technology company Novoloop.
Kohl’s Plans 400 Additional Sephora At Kohl’s Shops
Kohl’s Inc. announced the list of the 400 stores that will be adding Sephora at Kohl’s shops this year. The addition of 400 stores brings the Sephora at Kohl’s location total to 600 and puts the partnership on track to meet its 850 store goal by 2023.
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