Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand Overturned
A federal judge on Friday (May 26) lifted a court order Adidas won last year that secretly froze $75 million in bank accounts held by Kanye West’s Yeezy brand. (Read More)
May 30, 2023SGB Updates
A federal judge on Friday (May 26) lifted a court order Adidas won last year that secretly froze $75 million in bank accounts held by Kanye West’s Yeezy brand. (Read More)
May 30, 2023SGB Updates
Moody's Investors Service says that Emerald Expositions’ proposal to amend and extend its first lien term loan is credit positive and it does not affect the company's B2 corporate family rating, B2 senior secured credit facility rating or its stable outlook (Read More)
May 29, 2023SGB Updates
S&P Global Ratings lowered its outlook on Foot Locker to negative from stable as the sneaker chain lowered its full-year guidance due to a combination of inflationary pressures, higher-than-expected discounting initiatives, and weak consumer spending. (Read More)
May 29, 2023SGB Updates
Lululemon plans to expand its headquarters in Vancouver with a promise to create 2,600 jobs over the next five years. Calvin McDonald, CEO, Lululemon, said in a statement, “This program provides us with the opportunity to bring global talent to our hometown of Vancouver, supporting our people to collaborate and innovate together as they build long and meaningful careers at Lululemon." (Read More)
May 26, 2023SGB Updates
Eastern Mountain Sports (EMS) announced plans to open its newest store location in Deptford, NJ. The store is situated on the lower level right next to the entrance to Boscovs at the Deptford Mall. (Read More)
May 26, 2023SGB Updates
Von Maur Department Store plans to open a 90,000-square-foot store at West Acres Mall in Fargo, ND. Scheduled to open in Spring 2025, this will be the first Von Maur location in North Dakota. (Read More)
May 26, 2023SGB Updates
The Buckle, Inc. reported that net income for the fiscal quarter ended April 29, 2023 was $42.9 million, or 87 cents per share, or 86 cents per share on a diluted basis. Comparable store net sales decreased 9.2 percent from comparable store net sales for the prior-year period. (Read More)
May 26, 2023SGB Updates
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, ""Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss." (Read More)
May 25, 2023SGB Updates
Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent. (Read More)
May 25, 2023SGB Updates
Duluth Holdings, Inc., the parent of Duluth Trading, elected Ronald Robinson to its Board of Directors. Robinson works for Designer Brands as its chief supply chain officer. (Read More)
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