Hibbett Sports announced the opening of the newest Hibbett Sports in Richmond, CA.
Category: Apparel
HanesBrands Appoints Board Member
HanesBrands announced that William Simon has been appointed to the company’s board of directors. Simon was the former president and CEO of Walmart U.S..
Youngstown State University Signs Deal With Nike and BSN Sports
Youngstown State University entered a five-year contract with BSN Sports to provide all of YSU’s teams with Nike apparel on game days.
Iconix Plans To Go Private
Iconix Brand Group Inc. announced it has entered into a definitive agreement and plan of merger to be acquired by Iconix Acquisition Corp., an affiliate of Lancer Capital, LLC, in an all-cash transaction that values Iconix at approximately $585 million, including net-debt.
Renfro Brands Acquired By The Renco Group
Renfro Brands, the sock manufacturer, announced new ownership with the private holding company, The Renco Group, Inc. Renfro’s brand portfolio includes Fruit of the Loom, Dr. Scholl’s, Merrell, Copper Defense, Smartwool, Hot Sox, and K. Bell.
Adidas Invests In Finnish Sustainable Fiber Firm Spinnova
Adidas is investing €3 million ($3.65m) in Spinnova, a Finnish brand that makes textile fiber out of agricultural waste.
Fanatics Partners With University Of Tennessee
Fanatics and the University of Tennessee announced an exclusive retail partnership where Fanatics will be a primary retail partner of the University with a comprehensive set of vertical and wholesale fan apparel rights.
Craft Sportswear Partners With Spartan Trail And Tough Mudder
Swedish-based Craft Sportswear has expanded its relationship with Spartan by adding its designation of official “performance apparel and footwear” partner of the brand’s Obstacle Course Racing (OCR) entity to Spartan Trail and Tough Mudder.
Amazon And HanesBrands File Joint Lawsuits Against Infringers Of Champion Trademarks
Amazon.com Inc., together with HanesBrands Inc., jointly filed 13 lawsuits against 17 defendants for selling silicone protective earbud case covers that illegally bear HanesBrands registered Champion trademark.
Back-To-School Sales Expected To Climb 5.5 Percent
According to Mastercard SpendingPulse, U.S. retail sales are expected to grow 5.5 percent during the critical July 15 through September 6 back-to-school period compared to 2020. Compared to 2019, sales are expected to grow 6.7 percent. The biggest year-over-year gains are expected from apparel, up 78.2 percent; and department stores, up 25.3 percent.
Report: Sequential Brands Exploring Bankruptcy Protection To Sell Assets
Sequential Brands Group Inc. is close to reaching a deal with lenders to file for bankruptcy protection in order to divest its portfolio of brands or sell the company, according to a report from Bloomberg. The company’s brands include AND1, Gaiam, SPRI and Avia.
Burlington Stores’ Debt Upgraded By S&P
S&P Global Ratings raised its issuer credit rating on Burlington Stores to ‘BB+’ from ‘BB’ as the off-price retailer’s sales continue to recover strongly as the U.S. emerges from the pandemic.
TJX’s Debt Ratings Upgraded
Moody’s Investors Service affirmed TJX Companies, Inc.’s senior unsecured rating at A2 and commercial paper rating at Prime-1. The rating outlook was changed to stable from negative.
Tilly’s Declares Special Dividend
Tilly’s Inc. announced today that its Board of Directors has declared a special cash dividend of $1.00 per share, or up to approximately $31 million in the aggregate, on the company’s outstanding Class A and Class B common stock.
Former Tapestry CEO Invests In Moose Knuckles
Moose Knuckles, the Canadian luxury outerwear and sportswear brand, announced that Victor Luis, formerly Tapestry Inc. CEO, has become an investor and executive chairman.
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