Saks.com announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.
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Reima Launches 2022 Early Autumn Back-To-School Collection
Reima U.S.A, Inc, a 78-year-old Finnish children’s activewear brand, including apparel and footwear, introduced its 2022 early Autumn back-to-school line, showcasing rainwear and outerwear, with new designs dropping weekly through September 2022. The 108-piece collection (91 percent sustainable) includes jackets, hoodies, pants, overalls, gloves, and footwear. Each style has recycled mono-material—a minimum of 50 percent […]
Reima Launches 2022 Early Autumn Back-To-School Collection
Reima U.S.A, Inc, a 78-year-old Finnish children’s activewear brand, including apparel and footwear, introduced its 2022 early Autumn back-to-school line, showcasing rainwear and outerwear, with new designs dropping weekly through September 2022. The 108-piece collection (91 percent sustainable) includes jackets, hoodies, pants, overalls, gloves, and footwear. Each style has recycled mono-material—a minimum of 50 percent […]
EXEC: Athleta’s Sales Slump On Athleisure Softness
Athleta’s same-store sales slumped 8 percent in the second quarter due to a demand shift from athleisure to occasion and work-based categories as well as some fashion miscues on spring/summer product. On an analysts’ call, Bobby Martin, interim CEO of Athleta’s parent, Gap Inc., remained confident Athleta would return to its mid-teens growth target.
KOA Reports 25M Households Plan To Camp Over Labor Day Holiday
The Kampgrounds of America (KOA) Monthly Research Report, August Edition, indicates that just over 25 million households plan to camp over the Labor Day Holiday. Continuing the camping demand, KOA’s annual North American Camping Report, released in April, forecasted a strong shoulder season.
EXEC: Shoe Carnival Shares Surge As Market Embraces Expanding Margins, Shrugs Off Q2 Miss
The parent company of the Shoe Carnival and Shoe Station retail banners sees profitability continuing to increase as the company’s strategic plans to double operating profit margins versus historical levels “continues to work,” according to management.
Athleta’s Comps Slide 8 Percent In Second Quarter
Gap Inc. reported same-store sales at Athleta slumped 8 percent in the second quarter. Gap withdrew its overall guidance for the year.
Matador Speed Stash Adds Convenient Storage To Most Backpacks
Matador Travel Equipment, the producer of performance travel equipment, introduced its Speed Stash, a “universal” backpack strap that attaches to any backpack with a sternum strap, even if unbuckled. “The Speed Stash is one of the most universally useful products we’ve launched yet,” said Chris Clearman, founder and CEO. “It provides quick access to your phone, […]
Matador Speed Stash Adds Convenient Storage To Most Backpacks
Matador Travel Equipment, the producer of performance travel equipment, introduced its Speed Stash, a “universal” backpack strap that attaches to any backpack with a sternum strap, even if unbuckled. “The Speed Stash is one of the most universally useful products we’ve launched yet,” said Chris Clearman, founder and CEO. “It provides quick access to your phone, […]
SFIA Study: Fitness Industry Remains In Flux
The Sports & Fitness Industry Association’s (SFIA) new study, 2022 Tracking the Fitness Movement Report, found that while demand for at-home fitness products diminished from pandemic-driven high watermarks, the business remains strong and reflects a positive long-term outlook. The institutional fitness business, equipment sales and health clubs, which suffered during the pandemic, rebounded in 2021 but, for the most part, is not yet back at 2019 levels.
QVC Parent Announces CFO Transition And Creation Of Chief Transformation Officer Role
Qurate Retail Group, the parent of QVC and HSN, announced a transition of its chief financial officer and the promotion of William Hunter to chief transformation officer.
Anta Sports Sees 13 Percent Growth In Six Months
Hong Kong-based Anta Sports Products Limited reported a slight decline in profits in the six months ended June 30 as lower gross margins offset a 13.8 percent climb in sales. Amer Sports showed a 23.2 percent sales gain.
Michael Vick Launches Digital Collectibles Platform
Michael Vick, the former NFL quarterback, has co-founded FanField, a sports tech company launching an NFT platform this fall.
Tiger Woods, Rory McIlroy And Mike McCarley Form TMRW Sports
Tiger Woods, Rory McIlroy, and veteran sports industry executive Mike McCarley founded TMRW (Tomorrow) Sports, a technology-focused startup that feature progressive approaches to sports, media, and entertainment. Dick Ebersol is an initial investor.
Fila Collabs With Brandon Maxwell As Guest Designer For New Tennis Collection
Brandon Maxwell, creative director of Brandon Maxwell, the luxury ready-to-wear label, worked with Fila as a guest designer on its new women’s tennis collection, marking his first foray into tennis apparel. Fila by Brandon Maxwell “blends Fila’s strong Italian heritage and legacy of athletic design innovation with Brandon’s classic American aesthetic.” For the season’s final […]
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