SGB Update Apparel
Macy’s Debt Rating Outlook Revised To Positive
S&P Global Ratings revised its debt rating outlook on Macy’s to positive from negative on encouraging signs that an accelerating economic recovery is emerging. S&P said it believes operating conditions for apparel retailers are “fast improving.”
Duluth Trading Appoints President And CEO
Duluth Trading Company appointed retail industry veteran Sam Sato as president and chief executive officer, effective May 3, 2021. Sato was most recently CEO of The Finish Line.
New Wave Group’s Sales Climb 12 Percent In Q1
New Wave Group AB reported a profit against a loss in the first quarter. Sales grew 12 percent in the first quarter.
New Balance Signs Boston Celtics Aaron Nesmith
New Balance signed Boston Celtics rookie, Aaron Nesmith, to a multi-year sponsorship deal, representing the brand’s fifth NBA player endorsement since returning to the sport of basketball in 2019.
Backcountry Appoints New CFO
Backcountry.com announced the hiring of Jim Bell as its new chief financial officer, effective April 19, further strengthening Backcountry’s leadership team as it capitalizes on growth in e-commerce while preparing to expand its brick & mortar retail footprint.
REI To Relocate Mountain View Store To Sunnyvale
REI Co-op, which has over a dozen locations in Northern California, will relocate its Mountain View, CA store to Sunnyvale in fall 2021.
Emerald Launches B2B E-commerce Platform
Emerald Holding Inc. announced the launch of its Digital Market B2B e-commerce platform that supports product sourcing and ordering across a broad range of brands. The platform also provides a more streamlined and collaborative buyer/supplier experience at its in-person events, including Outdoor Retailer and Surf Expo.
Hockey Dealers Association Partners With American Special Hockey Association
The Hockey Dealers Association (HDA), a division of the National Sporting Goods Association (NSGA), announced a partnership with the American Special Hockey Association (ASHA) to establish opportunities for both organizations to build connections and grow the industry.
Mammut Acquired By Telemos Capital
Swiss holding company Conzzeta announced that it reached an agreement to sell Mammut to financial investor Telemos Capital.
Craft Sportswear To Sponsor Tough Mudder
Tough Mudder said Craft Sportswear has entered into a multi-year global partnership to become the “Official Performance Apparel and Footwear” of the series. Previously, Merrell was the footwear sponsor and Alanic was the apparel partner.
Columbia Sportswear Appoints SVP, Omni-Planning & Fulfillment Operations
Columbia Sportswear Co. appointed Emily Rompala to a new position of senior vice president, omni-planning & fulfillment operations.
Simone Bile Leaving Nike For Athleta
With a combined total of 30 Olympic and World Championship medals, Biles is the most decorated American gymnast and the world’s third most decorated gymnast, behind Belarus’ Vitaly Scherbo (33 medals) and Russia’s Larisa Latynina (32 medals).
Patagonia’s Workwear Flagship In Seattle Closes
Patagonia Ballard in Seattle has closed. The location opened in 2017 as the brand’s Patagonia Workwear and Patagonia Provision’s flagship location.
Vans Commits To Make Core Materials 100 Percent Regenerative, Responsibly Sourced, Renewable Or Recycled By 2030
Vans announced its global commitments to environmental sustainability and responsibility by 2030. The company plans to create circular products and systems that use regenerative and recycled materials to reduce waste and keep products in use and out of landfills.
The North Face Announces Environmental Commitments
In honor of Earth Day, The North Face is introducing a new sustainability-focused “vision” it calls “Exploration Without Compromise,” which outlines a series of actionable commitments the company will implement over the next few years. The North Face plans to use a seal to identify its sustainable products which it defines as having been made with “75 percent or greater recycled, organic, regenerative and/or responsibly-sourced renewable materials by weight” on its website and in its stores.
