SGB Update Apparel
On Running Sets Pricing Terms For IPO
On Holding AG, the Swiss running brand, estimates it will raise net proceeds of approximately $448.6 million after underwriting expenses from its initial public offering (IPO) according to an updated regulatory filing.
VF Announces Board Member Steps Down
VF Corporation announced that Veronica Wu has informed VF of her decision to step down from the company’s Board of Directors, effective immediately.
Slinger Named ‘Official Practice Partner’ Of USTA Chicago District
Slinger Bag entered into a partnership agreement with the Chicago District Tennis Association (CDTA), one of 13 districts within the USTA/Midwest region.
FP Movement To Open In Washington, D.C.
FP Movement, Free People’s activewear line, opened a new location in Washington, D.C. The boutique is the 13th FP Movement store location and is its largest square foot store.
Dunham’s Sports To Open First Store In Wyoming
Dunham’s Sports plans to open its first Wyoming store this fall, in Rock Springs, adding a 23rd location to its portfolio. More stores in Wyoming are planned.
Lands’ End’s Q2 Revenues Advance 23 Percent
Lands’ End Inc. reported earnings more than tripled in the second quarter ended July 30 as sales grew 23.1 percent.
U.S. Tennis Sales Surge In The First Half
New figures from The Tennis Industry Association and Sports Marketing Surveys show robust growth in U.S. tennis racquet, ball, and string sales in 2021.
Tilly’s Announces Record Quarterly Net Sales And Earnings
Tilly’s Inc. reported earnings nearly quadrupled in the second quarter ended August 1 as sales gained 49 percent.
Nordstrom’s Debt Ratings Lowered By Moody’s
Moody’s Investors Service downgraded Nordstrom Inc.’s debt ratings because its performance lagged the recovery demonstrated by many of its department store and off-price peers in 2021.
The Gap’s Debt Upgraded On Improving Operating Momentum; Outlook Positive
S&P Global Ratings raised its debt ratings on Gap Inc. reflecting improving operating performance, strengthening credit metrics, and supported by a favorable macroeconomic backdrop.
Duluth Holdings Q2 Sales Gain 9 Percent, Unveils Big Dam Blueprint Plan
Duluth Holdings Inc. reported earnings rose 52.5 percent in the second quarter ended August 1 as sales grew 8.6 percent. The apparel retailer also unveiled a new Big Dam Blueprint improvement program that follows the appointment of Sam Sato as CEO.
G-III Apparel’s Q2 Sales Vault 63 Percent
G-III Apparel Group, Ltd. raised its full-year guidance after reporting second-quarter sales and earnings topped expectations.
The Buckle’s August Comps Expand 43 Percent
Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 28, 2021, increased 42.7 percent year-over-year.
Moose Knuckles Appoints CEO
Canadian luxury outerwear and sportswear brand, Moose Knuckles, said Victor Luis has been appointed CEO.
Former Nike Football Head Joins Relo Metrics Board
Relo Metrics, the AI-powered sponsorship analytics platform formerly known as GumGum Sports, announced that Marc Reeves, former head of brand for football at Nike, has joined its Board.
