Nike Develops Coaching Girls Guide

Nike has partnered with We Coach, an organization that embraces recruitment, advancement and retention of women coaches in sports, on a new Made to Play Coaching Girls Guide to “help make sport fun for girls.”

TJX Appoints Board Member

The TJX Companies Inc. announced that on September 16, 2020, its Board of Directors elected José B. Alvarez to the Board, effective immediately.

Deloitte Predicts Modest Holiday Gains

Holiday retail sales are likely to increase between 1 percent and 1.5 percent, according to Deloitte’s annual holiday retail forecast. Deloitte also forecasts that e-commerce sales will grow by 25 percent to 35 percent, year-over-year, during the 2020-2021 holiday season, compared to sales increasing by 14.7 percent in 2019.

Dick’s SG Settles $2.9 Million Wage Deal

Dick’s Sporting Goods agreed to pay $2.9 million in a settlement between the retailer and California retail workers over apparel costs and mandatory off-the-clock security checks according to a report from HR Dive.

Apex Global Brand’s Q2 Sales Slip 21 Percent

Apex Global Brands reported sales declined 21.4 percent in the second quarter ending August 1. The net loss came to $1.3 million, or $2.38 a share, in-line with the year-ago period. The owner of Hi-Tec, Magnum, Tony Hawk and other lifestyle brands also said it entered into an amended forbearance agreement with senior secured lender on September 1.

Canada’s MEC To Be Acquired By U.S. PE Firm

Mountain Equipment Co-op (MEC),  Canada’s largest outdoor chain with 22 stores, announced its board of directors has unanimously approved a deal in which a Los Angeles-based private investment firm will acquire MEC’s assets, including the majority of its retail stores. Vancouver-based MEC said the transition from a co-operative structure to a subsidiary of Kingswood Capital Management is needed to ensure a stable future for the business.