Capri Holdings Limited announced the appointment of Cedric Wilmotte as Interim Chief Executive Officer of Versace, effective January 17, 2021.
Category: Apparel
Thanksgiving Weekend To See More Holiday Shoppers Than Last Year
Nearly two million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year even as consumers have continued the trend of starting their holiday shopping earlier in the year, according to the annual survey released by the National Retail Federation.
Compass Diversified Announces Strengthened Capital Structure
Compass Diversified (CODI) completed its previously announced offering of $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 in a private offering. In conjunction with the completion of this offering, CODI has reduced its revolver borrowings by $297 million and now has access to approximately $583 million of its $600 million revolving credit facility.
Former Patagonia CEO Joins ReGen Ventures
ReGen Ventures, a global early-stage venture fund that invests in regenerative technologies, announced that former Patagonia CEO Rose Marcario has joined the firm as a partner.
Target’s Q3 Same-Store Sales Climb 13 Percent
Target Corp. reported comparable sales grew 12.7 percent in the third quarter on top of 20.7 percent growth last year. Brian Cornell, CEO, said, “Our third-quarter comp increase of 12.7 percent was driven entirely by traffic, and reflects continued strength in our store sales, same-day digital fulfillment services and double-digit growth in all five of our core merchandising categories.”
TJX Comps Climb 14 Percent In Third Quarter
The TJX Companies Inc. reported net income for the third quarter was $1.0 billion, or 84 cents a share, a 24 percent increase over 68 cents per share in the third quarter of Fiscal 2020. Q3 FY22 overall open-only comp-store sales increased 14 percent over Q3 FY20
Retail Sales Jump In October
The U.S. Census Bureau said overall retail sales in October were up 1.7 percent seasonally adjusted from September and up 16.3 percent year-over-year.
The House Of LR&C Strengthens Advisory Group
The House of LR&C, a fashion house founded by Ciara, Russell Wilson and Christine Day, announced that the company has appointed David Adelman to its Board of Directors. The company also announced that they are bolstering internal resources with the addition of apparel industry executives Sheree Waterson and Gemo Wong as Advisors.
Peloton To Sell $1 Billion In Stock
Peloton Interactive Inc. announced that it has commenced an underwritten public offering of $1 billion of shares of its Class A common stock.
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Fila Korea Q3 Sales Rose 1.1 Percent
Fila Korea reported net profits fell 20.2 percent in the third quarter as sales gained 1.1 percent.
Foot Locker Merges Champs Sports And Eastbay Brands
Foot Locker announced it is officially merging its Champs Sports and Eastbay brands after integrating the corporate organizations for both banners last year.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
Uninterrupted Appoints Creative Director
Uninterrupted, the media company spearheaded by LeBron James and Maverick Carter, has appointed Salehe Bembury as its creative director.
Compass Diversified Prices Proposed Private Offering
Compass Diversified (CODI) announced that the company has priced $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 at an issue price of 100 percent in a previously announced private offering.
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