SGB Update Apparel
Unifi Sees Healthy Sequential Improvement In Q3 Results
Unifi, Inc. announced preliminary results for its fiscal third fiscal quarter ended April 2, showing sequential improvement in sales and earnings over its fiscal second quarter.
Nordstrom’s Debt Ratings Outlook Lowered
Moody’s Investors Service changed Nordstrom, Inc.’s debt ratings outlook from stable to negative, reflecting Nordstrom’s continued operating challenges, particularly in its off-price Nordstrom Rack chain.
Authentic Brands Group Purchases IP Of Vince
Authentic Brands Group reported it agreed with Vince Holding Corp. (VNCE) to acquire the fashion brand’s intellectual property for an undisclosed amount.
Original Penguin Golf Partners To Expand In Asia Pacific Region
Perry Ellis International and Walkinshaw Sports agreed to a strategic partnership to distribute Original Penguin golf and tennis apparel to the Australian and New Zealand wholesale and retail markets.
Beyond Yoga Opens Third Store In Los Angeles
Beyond Yoga opened its third store in Westfield Century City in Los Angeles following the opening of venues in Santa Monica and Irvine, CA, respectively, last fall. Beyond Yoga has another Los Angeles location set to open on May 12 in the Larchmont Village.
Versa Group Inks Deal With Authentic On Geoffrey Beene Brand
Authentic Brands Group and Versa Group announced a partnership for Geoffrey Beene starting with the Spring 2023 collection, whereby Versa Group will design, produce and distribute men’s dress shirts for the brand in North America, sold at department stores, specialty retailers and online.
Li Ning Sees Franchise Stores And E-Commerce Drag On Q1 Retail Business Growth
Li Ning Company Limited reported retail sell-through at Li-Ning stores for the first quarter that ended March 31, excluding Li-Ning Young, increased in the mid-single-digits on a year-over-year basis.
Levi Strauss Snaps Up New SVP And Chief Marketing Officer
Levi Strauss & Co. hired Kenny Mitchell as Levi’s brand’s senior vice president and chief marketing officer, effective June 5, reporting to Michelle Gass, president of Levi Strauss & Co.
JCPenney Appoints Chief Customer Officer
JCPenney hired Katie Mullen as chief customer officer. Mullen previously was JCPenney’s chief digital officer and will continue overseeing e-commerce strategy and omnichannel development driving digital, data and analytics.
Norrøna Acquires Canvas Hotel Telemark
Norrøna reported it acquired the Canvas Hotel Telemark, a wilderness lodge, including luxury yurts, for mountain bikers, with over 100 kilometers of slick rock trails connected by singletrack.
Arc’teryx Opens Third Store In Chicago
Arc’teryx opened a third store in Chicago located west of downtown. The new store occupies 4,788 square feet in the Oakbrook Center and is the brand’s 28th store in the U.S.
Kohl’s Debt Ratings Downgraded By Moody’s
Moody’s Investors Service downgraded Kohl’s Corp. due to the continued deterioration in credit metrics and the erosion of the retailer’s market position as it enacts a turnaround to its operating performance in 2023.
Farfetch Hires Chief Marketing Officer
Farfetch, the luxury fashion platform, hired Nick Tran as chief marketing officer. Most recently, Tran was the global head of marketing at TikTok.
JD Sports Names Global Managing Director
JD Sports promoted Michael Armstrong, formerly group buying director, to the newly created role of global managing director. Armstrong is expected to “further drive the group’s growth” and “meet its ambition to become the leading global sports-fashion powerhouse.”
Gramicci To Open First Retail Store In London
Gramicci reported plans to open a store in London’s Covent Garden next month, marking its first retail location.
