Apparel | Page 407 | SGB Media Online

Saks Off 5th Appoints Amazon Alum As COO

August 2, 2021 SGB Update

Saks Off 5th, which was recently spun off from Saks, has appointed former Amazon operations executive Shivi Shankaran as COO, effective August 16.

Dick’s Sporting Goods Releases 2020 Purpose Playbook

August 2, 2021 SGB Update

Dick’s Sporting Goods introduced its 2020 Purpose Playbook, its third annual sustainability report. The report noted that the retailer signed the “We Are Still In” initiative in support of the Paris Climate Agreement, are phasing out single-use plastic bags in stores by 2025 and is committing to reducing greenhouse gas emissions by 30 percent by 2030.

Emerald Holding Posts $47 Million Loss In Second Quarter

July 30, 2021 SGB Update

Emerald Holding, Inc. had a net loss of $46.5 million for the second quarter 2021 as it continues to be negatively impacted by event cancellations due to the COVID-19 pandemic.

VF Corp. Lifts Outlook On Q1 Beat

July 30, 2021 SGB Update

VF Corp. raised its earnings and sales guidance for its fiscal year after reporting results in the first quarter ended June 30 easily topped Wall Street targets. Overall sales in the quarter grew 96 percent in constant dollars. Among major brands, sales grew 102 percent at Vans, 83 percent at The North Face, 63 percent at Timberland and 58 percent at Dickies.

Global Brands Group North American Arm Files For Chapter 11

July 29, 2021 SGB Update

GBG USA Inc., a subsidiary of Global Brands Group Holding Ltd., filed for Chapter 11 bankruptcy protection in New York Thursday. It will use Chapter 11 to auction its U.S. assets, including the Aquatalia brand, according to a regulatory disclosure.

Fabletics Launches Resale Program

July 29, 2021 SGB Update

Fabletics announced plans to introduce resale through ThredUp’s Resale-as-a-Service (RaaS) platform.

Columbia Sportswear Releases 2020 Corporate Responsibility Report

July 29, 2021 SGB Update

Columbia Sportswear Company released its 2020 Corporate Responsibility Report, which includes performance highlights and progress made throughout 2020 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices.

Puma’s Strong Q2 Led By North America

July 29, 2021 SGB Update

Puma reported a profit against a loss in the second quarter. Sales grew 96 percent in the second quarter with the best performances coming in footwear and in North America. The Germany-based company raised its guidance for the year although it warned about supply chain challenges.

Moncler’s First Half Sales Surge 58 Percent

July 28, 2021 SGB Update

Moncler S.p.A reported consolidated revenue reached €621.8 million in the first half, up 58 percent from €403.3 million a year ago.

Bass Pro’s Debt Ratings Upgraded On Improving Performance In First Half

July 28, 2021 SGB Update

S&P Global Ratings upgraded its issuer credit rating on Great Outdoors, the corporate name of Bass Pro Group, to ‘BB-‘ from ‘B+’ as the retailer’s performance “has been resilient with sales and EBITDA growth continuing through the second quarter this year, ahead of our expectations.”

Decathlon’s Debt Ratings Affirmed On Strong 2020 Operating Performance

July 28, 2021 SGB Update

S&P Global Ratings affirmed its ‘A-2’ short-term issuer credit rating on Decathlon SA as the France-based sporting goods retailer’s operating performance for 2020 was stronger than S&P expected, thanks to strong cost management and cash preservation measures.

Golf Datatech Finds Golf Equipment And Sales On Upswing

July 28, 2021 SGB Update

Golf Datatech’s Mid-Year U.S. Golf Retail Performance & Rounds Played Report found that golf equipment sales (balls, clubs, shoes, bags, gloves, distance devices) were up 78 percent in the first six months through June compared to 2020 and 41 percent versus 2019. Golf apparel is up 68 percent versus 2020 and 10 percent versus 2019.