Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation said. Sporting goods stores were down 0.8 percent month-over-month seasonally adjusted but up 40.9 percent unadjusted year-over-year.
Category: Apparel
G-III Apparel’s COO To Transition To Senior Strategic Advisor
G-III Apparel Group Ltd. announced that, effective July 1, Wayne Miller would step down as chief operating officer and become a senior strategic advisor to the company.
Mall Owner, Washington Prime, Files For Bankruptcy
Washington Prime Group, a mall owner of more than 100 locations across the United States, filed for bankruptcy to support a debt restructuring.
Higg Updates Eco-Disclosure Product Module For Apparel And Footwear
The Sustainable Apparel Coalition (SAC) along with its technology partner Higg, launched the first phase of a transparency program for publicly sharing data on a product’s environmental impact, starting with its materials content.
NRF Calls On White House To Address Port Congestion Challenges
The National Retail Federation delivered a letter to the White House asking to meet with President Biden and other top administration officials regarding the challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.
PVH’s Debt Ratings Revised To Stable
S&P Global Ratings revised its debt outlook on PVH Corp. to stable from negative as stronger-than-expected consumer demand accelerated PVH’s recovery from the pandemic.
Legendary Headwear Appoints Head Of Green Grass Division
Legendary Headwear has hired John Bonds to accelerate its growth in the green grass market through the direction of sales efforts, rep development and product programs.
Happy Socks Appoints U.S. County Manager
Happy Socks hired Kelly Barton as USA country manager. Barton was previously director of marketing and merchandising for BabyBjörn leading its North American business.
Saks Appoints NBA All-Star To Board
Saks has appointed NBA All-Star, entrepreneur and investor, James Harden, as an independent member of its Board. Harden also made a minority investment in the retailer.
Report: Lululemon Sets Up Portland Footwear Office
Lululemon has leased a 28,000 square feet in office space in Portland, OR to support its planned footwear launch later this year, according to Portland Business Journal.
Hibbett Sports Opens Second San Francisco Bay Area Store
Hibbett Sports announced the opening of the newest Hibbett Sports in Richmond, CA.
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.
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