SGB Update Apparel
Gap Inc.’s Debt Ratings Outlook Raised To Stable
Moody’s Inc. raised its outlook on the debt ratings of Gap Inc. to stable from negative to reflect the significant improvement in its operations as it recovers from the impact of the pandemic.
BAPE Secures New Investor
CVC announced the completion of an investment in A Bathing Ape (BAPE) after the Japanese streetwear brand became an independent company from I.T Limited. With the investment, CVC has acquired co-control of BAPE.
NRF Announces New Board Members
The National Retail Federation elected two new members to the NRF Board of Directors during its virtual summer board meeting. The new members are Hal Lawton, president and CEO of Tractor Supply Company, and Anish Melwani, chairman and CEO of LVMH Moët Hennessy Louis Vuitton Inc.
Fanatics Forms Partnership With Canada Soccer
Fanatics plans to launch and operate Canada Soccer’s new standalone e-commerce and mobile platform and operate on-site retail at Canada soccer’s men’s and women’s national team matches in Canada.
Fanatics Partners With USA Swimming
Fanatics reached a long-term omnichannel retail partnership to become the official fan shop of USA Swimming, the national governing body of swimming in the U.S., online and on-site at USA swimming events.
Pandemic’s Impact On Imports Easing, But Numbers Are Still Below Last Year
The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates..
Smartwool Announces Senior Leadership Changes
Smartwool announced senior leadership changes to sales and e-commerce divisions effective June 1, 2021.
Nike, H&M, Zara Among Foreign Brands China Accuses Of Selling Unsafe Children’s Products
The Chinese government accused H&M, Nike, Zara, and other brands, of importing unsafe or poor-quality children’s clothes and other goods. The warning comes as global brands have faced criticism in China over their decisions to boycott cotton from Northwest China’s Xinjiang Uygur Autonomous Region based on “forced labor” lies.
Dunham’s Sports Plans To Open 11 New Stores In Back Half Of 2021
Dunham’s Sports recently announced plans to open 11 new stores in the back half of 2021, bringing the company’s total store count to over 250.
Tilly’s Q1 Profits Surpass Wall Street’s Expectations
Tilly’s Inc. reported its best first quarter of any quarter since becoming a public company in May 2012. Sales grew 111.1 percent in the quarter year-over-year and gained 21.9 percent on a two-year basis.
Zumiez Posts Record Fiscal 2021 First Quarter Results
Zumiez Inc. reported a profit in the first quarter that significantly exceeded Wall Street’s estimates as sales doubled.
Lululemon’s Q1 Results Handily Tops Wall Street Targets
Lululemon Athletica Inc. reported sales catapulted 88 percent in the first quarter year over year while gaining 25 percent on a two-year basis. Earnings rose sharply against the pandemic-impacted year-ago quarter and were well above Wall Street estimates.
Duluth Holdings Sees 24 Percent Q1 Revenue Gain
Duluth Holdings, the parent of Duluth Trading, slightly increased its annual outlook after reporting a profit against a loss in the first quarter. Sales grew 21.4 percent year-over-year.
The Buckle Announces Planned Retirement Of SVP Of Men’s Merchandising
The Buckle Inc. announced that Robert M. Carlberg, senior vice president of men’s merchandising, would retire from his position with the company at the end of the current fiscal year.
Ironton High School Signs Partnership With Nike
Ironton High School in Pennsylvania established a new athletic partnership with Nike and BSN Sports, a division of Varsity Brands.
