SGB Today Apparel

Belk Plans Bankruptcy Filing To Restructure Debt

On Tuesday afternoon Belk said it plans to file for Chapter 11 bankruptcy protection to complete a debt-for-equity exchange designed to reduce its debt load by $450 million. Suppliers are expected to be unimpaired.

Academy Sports Announces Secondary Offering Of Common Stock

Academy Sports and Outdoors Inc. announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy Sports.

Feetures Undergoes Executive Changes

Feetures announced executive changes as part of succession planning. The changes include national sales manager for footwear specialty retailers, Steve Hallinan, becoming key accounts manager, John Gaither becoming chief operations officer and Joe Gaither, executive vice president.

NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic

Retail sales during the 2020’s November/December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s (NRF) holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion.

Joint Statement From AAFA, NRF, RILA, USFIA In Response To Ban On Cotton Imports From XUAR

The American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association, and The United States Fashion Industry Association responded to the U.S. Customs and Border Protection’s (CBP) blanket Withhold Release Order (WRO) impacting all cotton and cotton products from the Xinjiang Uyghur Autonomous Region (XUAR).

Stock+Field Closing All Locations

Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.

U.S. Bans Cotton From Xinjiang Region

The U.S. has banned imports of cotton products and tomatoes produced in China’s Xinjiang region over the Chinese government’s continued atrocities against its Uighur Muslim population U.S. Customs and Border Protection (CBP) said on Wednesday.

TYR Sport Appoints EVP Of Sales

TYR Sport Inc appointed Charlie Siracusa as executive vice president of sales. He previously worked for Timberland Pro and Carhartt.

Zumiez Sees 1.7 Percent Holiday Comp Gain

Zumiez Inc. reported comparable sales increased 1.7 percent for the 10-week period ended January 9, 2021, compared to the 10-week period ended January 11, 2020.

Tilly’s Sees Modest Comp Gain Over Holiday Period

Tilly’s Inc. reported same-store sales grew 2.7 percent for the nine-week period ended January 2. Comparable net sales in physical stores decreased by 12.4 percent while e-commerce net sales jumped 65.2 percent.