SGB Update Apparel
TJX’s Q2 Comps Climb 20 Percent
The TJX Companies, Inc. reported earnings and sales topped Wall Street’s expectations. Open-only comp-store sales increased 20 percent against the second quarter of 2019 with apparel ahead in the low-teens.
RYU Apparel Announces Canadian $12.5M Non-Brokered Private Placement
Vancouver-based RYU Apparel Inc. announced that it intends to complete a non-brokered private placement financing of up to 12,500 units at a price of $1,000 per unit for aggregate gross proceeds of up to Canadian $12.5 million.
The North Face Forms Partnership With Spinnova
The North Face has reached an agreement with textile material company Spinnova to develop high-performance textiles with a sustainable component.
ITF Global Tennis Report 2021 Shows Worldwide Participation Gains
The International Tennis Federation’s (ITF) 2021 Global Tennis Report found healthy growth in tennis participation despite the impact of the pandemic. Key findings of the report indicate that there are more than 87 million players within the 41 nations that contributed to the report, an increase of 4.5 percent in these countries.
Trevco Acquires Women’s Apparel Brand Sub Urban Riot
Trevco announced its acquisition of Los Angeles-based women’s fashion brand, Sub Urban Riot.
July Retail Sales Slow Amid Tight Supply Chain
Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant, the National Retail Federation said.
Sun & Ski Sports To Open Third Store In Washington D.C. Area
Sun & Ski Sports announced the opening of its 31st store at Arundel Mills Mall in Hanover, MD at the former site of Modell Sporting Goods.
SFIA Hires New Marketing And Communications Manager
The Sports & Fitness Industry Association (SFIA) has appointed Lisa Futterman as its marketing and communications manager.
Nike Renames Alberto Salazar Building
Nike has renamed the Alberto Salazar Building on its Beaverton, OR campus to Next%.
Foot Locker Raises Quarterly Dividend By 50 Percent
Foot Locker Inc. announced that its Board of Directors declared a quarterly cash dividend on the company’s common stock of 30 cents per share, an increase of 10 cents per share or 50 percent.
Fila Holdings’ Sales Expand 63 Percent In Second Quarter
Fila Holdings Corp. reported profits grew 198.2 percent in the second quarter as sales gained 63.1 percent. Sales for FILA USA grew 101.1 percent.
Li-Ning’s Sales Climb 65 Percent In First Half
Profits at Li-Ning rose 187 percent in the first half on a 65 percent revenue gain.
Academy Sports Partners With Whataburger
Academy Sports + Outdoors has partnered with Whataburger to launch an apparel line called Magellan Outdoors x Whataburger.
QBP Named Distributor Of Adidas Five Ten In Canada
Quality Bicycle Products has been named the new distributor of Adidas Five Ten cycling and climbing products in Canada.
ABG’s Debt Ratings May Face Downgrade If Reebok Acquisition Delays IPO
S&P Global Ratings revised the CreditWatch implications on Authentic Brands Group (ABG) to developing from positive as its pending acquisition of Reebok may delay its initial public offering.
