Icon Source closed a $1.6 million seed round. The funding will support the company’s expansion as it adds to its sales team, improves its digital platform and prepares to facilitate deals for college athletes on July 1, 2021.
Category: Footwear
The Running Event Partners With Running USA
The Running Event (TRE) announced a partnership with Running USA to develop and implement conference programming for race directors at the event taking place November 30 to December 2, 2021 in Austin, TX.
Macy’s Posts Surprise Profit
Macy’s Inc. reported a surprise first-quarter profit and lifted its outlook for the year.
Fila USA’s Q1 Sales Climb 25 Percent
Korea-based Fila Holdings reported Fila USA’s sales climbed 24.6 percent in the first quarter. Companywide sales rose 25.1 percent in the quarter and earnings more than doubled.
Moody’s Assigns B2 To Academy’s New Senior Secured Notes
Moody’s Investors Service assigned a B2 rating to Academy, Ltd.’s proposed term loan due 2027.
Run Show Boston Adds To Speaker Line-Up
The inaugural Run Show USA event, scheduled January 29-30, 2022,at Boston’s Hynes Convention Center, added Joe De Sena, Dave McGillivray and Chris Kostman to its roster of speakers.
Report: Authentic Brands Group Makes $1 Billion Bid For Reebok
Authentic Brands Group (ABG) last week submitted an offer of around $1 billion to acquire Reebok from Adidas, according to the New York Post. ABG reportedly plans to partner with Wolverine World Wide, the parent of Saucony, Merrell and Sperry, on the bid.
Saks.com Raises $465 Million
Saks.com LLC, the recently spun-off online operations of Saks Fifth Avenue, has closed on a syndicated $350 million asset-based five-year revolving credit facility arranged by Bank of America, N.A., and a $115 million senior secured term loan arranged by Pathlight Capital LP.
RILA Calls For Consistent Mask Guidance
The Retail Industry Leaders Association (RILA) issued a statement calling on state and local governments to coordinate to reduce conflicting guidelines around mask mandates. The statement came after the CDC last week said fully vaccinated people no longer had to wear masks in most settings.
Burlington Stores Exec To Lead Tuesday Morning
Tuesday Morning announced that Fred Hand, formerly chief operating officer of Burlington Stores, has been named chief executive officer and a member of the Board of Directors, effective May 17.
L.L.Bean Announces New Charitable Partners
L.L.Bean announced plans to continue investing in a range of organizations and initiatives focused on supporting local communities and increasing outdoor access for all.
April Retail Sales Hold Mostly Steady From March
Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, according to the National Retail Federation.
Yue Yuen Sees 27 Percent Sales Gain In First Quarter
Yue Yuen recorded revenue of $2,493.3 million in the three months ended March 31, 2021, representing an increase of 26.6 percent compared to revenue of $1,969.5 million in the same period of 2020. The increase in revenue was attributable to increased orders amidst the ongoing recovery of global demand for the Group’s products and an increase in production efficiency, on top of a low-base effect due to the COVID-19 pandemic in 2020.
Dillard’s Sales Rebound In First Quarter
Dillard’s, Inc. reported a profit against a loss in the first quarter ended May 1 as sales surged 73 percent against the pandemic-depressed year-ago quarter.
Nike To Require Headquarter Employees To Work Three Days A Week In Office
Nike will require employees in its U.S. headquarters in Beaverton, OR work three days a week in the office, with the option to work up to two full days remotely.
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