SGB Update Apparel
Former New Balance CEO To Lead Purple Innovation
Rob DeMartini, the former president and CEO of New Balance, has been appointed acting CEO of Purple Innovation, the digital-native mattress upstart.
Foot Locker Adds Cozi Women’s Apparel Label
Foot Locker launched its first private label womenswear brand, Cozi, just two months after the debut of its proprietary LCKR fleece and casual label.
New Era Sets Debt Reorganization
New Era Cap, LLC has proposed a $300 million senior secured first-lien term loan due 2028 to support a recapitalization.
JCPenney To Offer Forever 21
JCPenney announced Forever 21 as the latest addition to its portfolio of fashion brands available in 100 JCPenney stores nationwide and online at jcpenney.com.
Gildan Activewear Announces Acquisition Of Frontier Yarns
Gildan Activewear Inc. announced that, through one of its wholly-owned subsidiaries, it has acquired 100 percent of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately $168 million.
Nike Acquires RTFKT
Nike Inc. announced the acquisition of RTFKT, a London-based crypto fashion brand.
AAFA Urges Biden Administration To Act On Inflation
American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.
Manitowoc’s Louie’s Sporting Goods To Close
Louie’s Sporting Goods, now operating one location at Manitowoc, WI, will be closing on December 23, according to a report from WBAY.com.
LIV Golf Investments Appoints Chief Operating Officer
LIV Golf Investments focused on making strategic investments in golf, announced that it had appointed Atul Khosla as chief operating officer. Khosla was most recently the chief corporate development and brand officer for the NFL’s Tampa Bay Buccaneers.
The Running Event Draws 200 Exhibitors
The Running Event, held last week in Austin, said it drew 200 exhibitors, marking a return after being canceled in 2020 due to the pandemic.
Kids Foot Locker Opens First Community Store In Miami
Kids Foot Locker has opened its first House of Play community store in Miami, FL, serving local communities with a family experience rooted in play. More stores are planned for 2022.
Academy Sports Raises Outlook As Q3 Results Top Wall Street Estimates
Academy Sports + Outdoors again raised its outlook for the year after reporting results for the third quarter ended October 30 easily surpassing Wall Street targets. Comparable sales were up 17.9 percent on top of 16.5 percent last year.
Frasers Group Sales Expand 24 Percent In First Half
Frasers Group, the U.K.-based parent of Sports Direct, reported sales grew 23.6 percent in the 26 weeks through October 24.
Urban Outfitters Appoints Board Member
Urban Outfitters, Inc. announced effective December 7, 2021, it had expanded the size of its Board from 10 to 11 seats and elected Kelly Campbell as an independent director.
Lululemon Again Hikes Outlook On Q3 Beat
Lululemon Athletica Inc. reported net income rose 30.7 percent in the third quarter on a 30 percent revenue gain. Results topped guidance and the retailer raised its outlook for the year.
