SGB Update Apparel
Amazon To Surcharge U.S. Merchants For Fulfillment Services
Amazon sellers in the United States who use the company’s packaging and delivery fulfillment service will see a 5 percent surcharge on shipping due to rising fuel prices and growing inflation.
PVH Sets Plan To Reach $12.5 Billion By 2025
PVH Corp., the parent of Calvin Klein and Tommy Hilfiger, at its 2022 Investor Day unveiled a strategic plan on Wednesday to reach $12.5 billion in annual sales by 2025, up from sales of $9.155 billion in 2021.
RunSignup Sees Reduction In Endurance Events
RunSignup, the registration provider for U.S. endurance events, produced its Q1 market assessment and business update. Overall, the data showed that the industry had fewer planned events, and participants were trending toward delayed registrations.
New Balance Opens Doors To The Track At New Balance
New Balance has opened The Track at New Balance, a multi-sport facility where Team New Balance, professional and community athletes will train and compete year-round.
Puma Appoints GM Of Puma South Korea
Puma has appointed Lee Na-Young as general manager of Puma South Korea.
Hibbett Expands, Amends Credit Line
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
NBA Flagship Store To Open In Paris This Summer
In partnership with Fanatics, the NBA will open a flagship store in Paris’ Latin quarter this summer. The store will offer three levels dedicated to official NBA product as well as Nike, Mitchell & Ness, New Era, and Wilson.
REI’s Sales Surge 36 Percent In 2021
REI Co-op released its 2021 financials and annual impact report, ending the year with $3.7 billion in sales, an increase of 36 percent compared to 2020.
SquadLocker Becomes Official Online Retailer Of USA Diving
SquadLocker has become the official online retailer of USA Diving in partnership with Augusta Sportswear Brands.
Report: Kohl’s Sees Offer From Franchise Group
Franchise Group, Inc., the owner of The Vitamin Shoppe, Buddy’s Home Furnishings and other retail chains has offered $9 billion, or $69 a share, to acquire Kohl’s Corp, sources told Reuters.
Lululemon Expands Resale Program To U.S. Stores
Lululemon Athletica, Inc. announced the nationwide expansion of Lululemon Like New, the brand’s first trade-in and resale program.
Delta Apparel Expects 20 percent Fiscal 2022 Second Quarter Sales Growth
Delta Apparel, Inc. said it expects net sales for its March quarter to be approximately $130 million, representing a 20 percent increase compared to the prior year’s second-quarter result of $108.6 million, with double-digit sales growth in both the Delta Group and Salt Life Group segments.
T&C Surf Names New President
Craig Sugihara, founder and owner of T&C Surf Designs, appointed his son Ryan Sugihara president.
Kohl’s Sends Letter to Shareholders Highlighting Strong Board
Kohl’s, which is facing an activist shareholder seeking to overhaul its board, mailed a letter to shareholders detailing how its “highly qualified Board of Directors that has the necessary skills to oversee Kohl’s evolving strategy.”
