SGB Update Apparel
Academy Sports Announces $99 Million Paydown And Refinancing Of Its Term Loan
Academy Sports + Outdoors, Inc. announced that it had completed a paydown and refinancing of its term loan and that its S&P Global credit rating has been upgraded.
Nordstrom’s Q1 Shows Sequential Improvement In Sales Trends
Nordstrom Inc. reported a loss in the first quarter, as expected while showing continued strength in online sales. The retailer said sequential improvement in sales trends of more than 700 basis points relative to fourth quarter, but overall sales were down 13 percent versus the 2019 first quarter.
City Gear Opens In Lake Charles
Hibbett announced the opening of a City Gear store in Lake Charles, LA.
CBP And Nike Inc. Partner To Fight Counterfeits
The U.S. Customs and Border Protection (CBP) announced a new formal partnership arrangement with Nike Inc. as part of the Donations Acceptance Program. Under its partnership with CBP, Nike Inc. is donating proprietary technology to aid in authenticating a variety of Nike Inc. merchandise and prevent counterfeit products from entering the U.S.
Wilson To Open First Stores To Support Sportswear Collection
Wilson Sporting Goods plans to open its first stores to support the launch of its first apparel lifestyle collection, Wilson Sportswear.
Castore To Sponsor Wolverhampton
Castore will replace Adidas as kit supplier to Wolverhampton, marking the Liverpool-based brand’s first partnership with a Premier League soccer team.
Hurley Opens Store In Asbury Park
Hurley has opened its first store in New Jersey in Asbury Park. The location marks the surf brand’s first East Coast location outside of Florida.
REI To Open First Store In Maine
REI Co-op is opening its first location in Maine in the Greater Portland area in Fall 2021.
Golf Rounds Played Surge In April
Golf rounds played in the U.S. jumped 81.4 percent for the month of April, according to Golf Datatech. For the year-to-date period, rounds are ahead
43.8 percent.
Study Finds 28 Percent Of Runners Started During The Pandemic
A study from RunRepeat found that 28.76 percent of runners started with the activity during the pandemic
Mad Engine To Merge With Fifth Sun
Platinum Equity announced that it has signed a definitive agreement to acquire a controlling interest in Fifth Sun from its founder And Gonzales. The acquisition is made through the Platinum Equity portfolio company Mad Engine.
Genesco Appoints Three New Independent Directors, Rejects Activist’s Slate
Genesco Inc. appointed three retail industry veterans, including Angel Martinez, the former CEO of Deckers Brands, to its Board, but none of the candidates nominated by an activist investor seeking to take control of the board. The other two new board members are Mary Meixelsperger, CFO, Valvoline and former CFO of DSW; and Greg Sandfort, former CEO of Tractor Supply Company.
The Buckle Sees Q1 Sales More Than Double
The Buckle Inc. reported net sales for the 13-week fiscal quarter ended May 1, 2021 increased 159.2 percent to $299.1 million from net sales of $115.4 million for the prior year 13-week fiscal quarter ended May 2, 2020.
Moody’s Upgrades Debt Ratings Outlook On Under Armour
Moody’s Investors Service changed Under Armour, Inc.’s outlook to positive from negative. Stated Mike Zuccaro, Moody’s Vice President, “The affirmations and positive outlook reflect Under Armour’s improved operating performance and credit metrics as well as very good liquidity.”
Gymshark Hires Chief Product Officer
Gymshark appointed Danielle Petesic as its chief product officer. She was most recently Lululemon’s vice president of product development.
