Paris Saint-Germain in partnership with Fanatics has become the first European football club to open a permanent retail store in the United States.
Category: Apparel
Kering Sells 5.9 Percent Stake In Puma
French luxury goods group Kering announced plans to sell a 5.9 percent stake in Puma via a placement to investors.
VF Corp. Launches New Innovation Pillar
VF Corp. announced its launch of Venture Platforms, an innovation pillar that will focus on identifying and investing in new, future-focused opportunities.
Fleet Feet Syracuse Owners To Retire
Fleet Feet announced that Ed and Ellen Griffin have retired after 21 years of owning their Fleet Feet franchise business.
Urban Outfitters Tops Wall Street’s Targets In Q1
Urban Outfitters Inc. announced a record net income of $54 million, or 54 cents a share, on sales of $927 million for the first quarter ended April 30. Wall Street on average was looking for 16 cents a share on sales of $898 million.
REI Launches Content And Entertainment Arm
REI announced the launch of Co-op Studios, the retailer’s in-house content arm. Across films, podcasts and editorial programs, the studio develops and produces content that explores the power of time spent outside, while complementing the brand’s broader commitments.
Father’s Day Spending To Hit $20.1 Billion, According To NRF
U.S. consumers are expected to spend more than $20.1 billion on gifts and other items for Father’s Day this year, a record high, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday will surpass last year’s record figure of $17 billion.
Stifel Launches Sustainable Lifestyle Brand Index
A new Stifel survey shows consumers believe it’s important for companies to act sustainably and most are willing to pay a premium for brands that demonstrate ethical business practices, environmental care, and social responsibility. Based on this insight, Stifel is also introducing its Sustainable Lifestyle Brands Index, which ranks brands based on consumer perception of corporate sustainability practices.
Hibbett Appoints Board Member
Hibbett Sports Inc. announced the appointment of Linda Hubbard to the company’s Board of Directors. She is president and chief operating officer of Carhartt.
Dick’s SG Lifts FY Outlook On Blowout First Quarter
Dick’s Sporting Goods raised its full-year guidance after reporting sales and earnings for the first quarter ended May 1 came in well ahead of Wall Street’s consensus targets. Consolidated same-store sales for 2021 are now projected to expand in the range of 8.0 percent to 11.0 percent.
Academy Sports Announces $99 Million Paydown And Refinancing Of Its Term Loan
Academy Sports + Outdoors, Inc. announced that it had completed a paydown and refinancing of its term loan and that its S&P Global credit rating has been upgraded.
Nordstrom’s Q1 Shows Sequential Improvement In Sales Trends
Nordstrom Inc. reported a loss in the first quarter, as expected while showing continued strength in online sales. The retailer said sequential improvement in sales trends of more than 700 basis points relative to fourth quarter, but overall sales were down 13 percent versus the 2019 first quarter.
City Gear Opens In Lake Charles
Hibbett announced the opening of a City Gear store in Lake Charles, LA.
CBP And Nike Inc. Partner To Fight Counterfeits
The U.S. Customs and Border Protection (CBP) announced a new formal partnership arrangement with Nike Inc. as part of the Donations Acceptance Program. Under its partnership with CBP, Nike Inc. is donating proprietary technology to aid in authenticating a variety of Nike Inc. merchandise and prevent counterfeit products from entering the U.S.
Wilson To Open First Stores To Support Sportswear Collection
Wilson Sporting Goods plans to open its first stores to support the launch of its first apparel lifestyle collection, Wilson Sportswear.
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