Gap Inc. said it is launching unique loyalty programs across the U.S. and Puerto Rico across each of its core brands: Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards, replacing its previous loyalty program, BRIGHT Rewards. Customers can earn and redeem rewards across its family of brands.
Category: Apparel
REI Co-op Achieves 14-Year Carbon Neutrality Commitment, Sets Ambitious New Climate Platform
REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company anticipates future growth in size and revenue.
Boardriders’ Debt Ratings Upgraded By S&P
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element brands, saw its debt ratings upgraded by S&P Global Ratings as the company recently completed a transaction to provide needed liquidity. The issuer credit rating was raised to ‘CCC’ from ‘SD’, which reflects an updated view of the company’s still distressed credit risk.
Bass Pro Extends Partnership With Toyota
Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.
Canada Goose Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.
Puma Appoints General Manager EEMEA Distribution; Head Of Corporate Strategy
Puma appointed Johan Kuhlo, currently head of corporate strategy and investor relations, as general manager EEMEA Distribution with immediate effect.
Adidas Renews Partnership With Huston-Tillotson
Adidas signed a new four-year partnership with Huston-Tillotson in Flower Mound, TX.
Academy Sports And Outdoors Sets IPO Range
Academy Sports and Outdoors late Wednesday set its initial public offering terms, hoping to raise $250 million from the sale of 15.625 million shares between $15 and $17 a share.
Patagonia Appoints New CEO
Patagonia appointed Ryan Gellert as CEO of Patagonia Works, the umbrella company for all its ventures. The announcement comes a little over three months after Rose Marcario stepped down from the top spot after 12 years at the company.
TOCA Football Confirms $15 Million In New Funding; Appoints Board Members
TOCA Football, Inc., the soccer-focused and technology-enabled experience company, has appointed Abby Wambach and Richelle Parham to its Board of Directors. The platform also recently secured $15 million in a new financing facility.
Sustainable Apparel Organizations Accelerate Industry Efficiencies
The Sustainable Apparel Coalition (SAC), ZDHC Foundation (ZDHC), Textile Exchange, and the Apparel Impact Institute (Aii) announced new partnerships in order to accelerate impact and drive new efficiencies for the industry.
Amazon Launches “Climate Pledge Friendly” Shopping Program
Amazon announced its latest Climate Pledge Friendly shopping program to help customers identify the more than 24,000 products that have met 18 sustainable certifications on its site.
Nike’s Q1 Earnings Blow Past Estimates
Nike Inc. reported sales were down 1 percent in the first quarter ended August 31 but topped Wall Street’s targets as digital growth grew 82 percent. Earnings were up 10 percent and far ahead of analyst estimates.
Ortovox Hires Northwest Reps
Ortovox, the specialist in avalanche safety equipment and technical mountainwear, announced a partnership with Elevated Adventures LLC, an agency owned by Joel Anderson, to lead sales efforts in the Northwest.
Asics Supports Tennis Coaching Community With Virtual Academy
Asics EMEA announced the launch of the Asics Tennis Academy, a virtual community platform that gives tennis coaches access to advice and training from industry experts.
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