SGB Update Apparel
Kohl’s Announces Upsize And Early Tender Results For Cash Tender Offer
Kohl’s Corporation announced the upsize and early tender results for the previously announced cash tender offer for its 9.5 percent Notes due 2025, 4.25 percent Notes due 2025, 4.75 percent Notes due 2023 and 3.25 percent Notes due 2023.
Nike Ranked Most Valuable Apparel Brand For Seventh Consecutive Year
Nike ranked as the world’s most valuable apparel brand for the seventh consecutive year, although its brand value was down 13 percent to US$30.4 billion, according to the Brand Finance Apparel 50 2021 report. Fila was the fastest-growing brand while new entrants Timberland and Converse performed particularly well.
Patagonia Will No Longer Add Corporate/Brand Logos
Patagonia announced that it is “transitioning away” from adding corporate logos to its products due to environmental reasons.
Frasers Group Warns Of £200 Million Pandemic Charge
Frasers Group, the parent of Sports Direct in the U.K. as well as Bob’s Stores and EMS in the U.S., will book a non-cash charge that could exceed £200 million ($274 million) in its 2020-21 results to account for impairment of assets during the latest COVID-19 lockdown.
Race Roster Returns as Title Sponsor Of Running USA Conference
Race Roster will continue its support of the Running USA Industry Conference. The 2022 Running USA Industry Conference will be held in person in February 2022. Event details will be announced in the next few weeks.
G-Form Announces Acquisition By Eldridge
G-Form today announced that Eldridge had acquired the brand. The transaction provides capital to scale the rapid growth of its proprietary SmartFlex impact protection technology.
Sneaker Reseller StockX’s Valuation Reaches $3.8 Billion In New Funding Round
StockX LLC said it had notched a $3.8 billion valuation by selling $60 million of new stock and letting some employees sell $195 million of their shares to investors at that price point.
IBM Consumer Study Points To Potential Recovery Of Retail And Travel Industries
According to the findings of a new global consumer study released by IBM’s Institute for Business Value (IBV), respondents surveyed are mostly confident in the safety, effectiveness, and distribution of the COVID-19 vaccines and indicate a desire to return to ‘normalcy’ after being vaccinated. But different rules, personal preferences, and social norms formed during the last year mean that key industries need to provide more personalized marketing and client experiences to remain competitive and engage successfully with consumers.
Moody’s: Apparel Industry Facing Risks From Environmental And Social Scrutiny
Increasing sustainability scrutiny will create long-term challenges for many global apparel companies’ credit quality and drive value chain transformation, Moody’s Investors Service said in a report.
The U.S. Cotton Trust Protocol Joins Sustainable Apparel Coalition
The U.S. Cotton Trust Protocol announced its membership in the Sustainable Apparel Coalition (SAC), the alliance for sustainable production in the apparel, footwear and textile industries.
Nordstrom Announces Closing Of $675 Million Of Senior Unsecured Notes
Nordstrom Inc. announced the closing of its previously announced offering of $250 million aggregate principal amount of its 2.300 percent senior notes due 2024 and $425 million aggregate principal amount of its 4.250 percent senior notes due 2031.
SITKA Opens Retail Store In Bozeman, MT
SITKA announced the opening of its first experience center, the SITKA Depot. The 3,000-square-foot retail store will offer a full brand experience.
Buckle’s March Sales Triple
Buckle Inc. announced that net sales for the 5-week fiscal month ended April 3, 2021, increased 240.2 percent to $139.4 million from net sales of $41.0 million for the prior year 5-week fiscal month ended April 4, 2020.
VF Corp Opens New Warehouse In Leicestershire
VF Corporation, through its local subsidiary VF Northern Europe Limited, announced it has begun operations at its new multimillion-dollar fulfillment center in Bardon, Leicestershire, England employing approximately 250 people during peak periods.
Galvin Green Appoints New GM And Sales Director In North America
Galvin Green has appointed Tom Romano as its new general manager in North America and Lou Delfino as director of sales to accelerate its growth plans in the U.S.
