SGB Update Apparel
Zalando Expects First Quarter Results Above Market Expectations
Zalando SE expects first quarter results above market expectations as a result of a stronger-than-expected start to the spring-summer season as well as a lower-than-expected return rate. Revenues are seen jumping in the range of 46 to 48 percent.
3N2 Partners With Ripken Baseball
3N2 entered into a multi-year partnership to become the official apparel and uniform provider to Ripken Baseball and The Ripken Experience.
Lululemon Testing Resale Program
Lululemon announced its pilot of Like New, the brand’s first recommerce program. The trade-in program launches in California and Texas in May, then expands into a resale program in the same markets in June.
Hibbett Sports Opens Store In Jonesboro, GA
Hibbett Sports announced the opening of the newest Hibbett Sports in Jonesboro, GA. The new store is located at 8071 Tara Blvd.
Athleta To Expand To Canada
Athleta will enter Canada with e-commerce launching late this summer and its first two stores opening this fall. The stores will open in the Yorkdale Shopping Center in Toronto and the Park Royal Shopping Centre in West Vancouver.
LEKI Owner, Waltraud Lenhart, Passes Away
Waltraud Lenhart, owner and managing partner of LEKI, unexpectedly passed away after a short and serious illness. She was 64 years young.
Delta Apparel Announces 12 percent Second Quarter Sales Growth
Delta Apparel expects net sales for its March quarter to be approximately $108 million, a 12 percent increase compared to prior year. The second quarter double-digit sales growth in both the Delta Group and Salt Life Group segment.
Kohl’s Partners With Tommy Hilfiger
Kohl’s announced a new partnership to bring Tommy Hilfiger men’s sportswear to more than 600 stores across the U.S. and an expanded assortment on Kohls.com this fall.
Under Armour Downsizes Port Covington Headquarters Plan
Under Armour announced plans to redevelop its waterfront land in South Baltimore’s Port Covington as a global headquarters by 2025. Under Armour described the development as a “reimagine for a post-COVID environment” that will downsize its global corporate and Americas regional functions into one location with a hybrid office/home workplace model.
Adidas To Sponsor Boston Marathon Through 2030
The Boston Athletic Association (B.A.A.) announced that the organization has extended its longstanding official sponsorship with Adidas through 2030. The announcement marks more than 40 years of partnership between the athletic organizations.
Amer Sports’ Debt Ratings Outlook Raised On Potential Recovery
Moody’s Investors Service changed to stable from negative the outlook on the debt ratings of Amer Sports Holding on its expectations that sales and earnings will recover this year after both declined in 2020 due to the pandemic.
Oberalp North America Announces Promotions From Within The Organization
Oberalp North America has promoted from within for key management roles.
Report: Trevor Lawrence Signs Deal With Adidas
Trevor Lawrence, one of the most heralded college quarterbacks in years, has agreed to sign an endorsement deal with Adidas, according to a report from Sportico.
Foot Locker’s Debt Ratings Outlook Upgraded
S&P Global Ratings revised its debt outlook on Foot Locker Inc. to stable from negative on better-than-expected results for fiscal 2020, resulting in leverage in the mid-1x area compared with S&P Global Ratings’ previous expectation of over 3x for 2020.
Carhartt Expands Shop-In-Shops Inside Tractor Supply Stores
Tractor Supply Company announced plans to expand its Carhartt offering as a new “shop-in-shop” concept currently in 10 stores, rolls out in more than 100 Tractor Supply stores in 2021. The retailer will add 25 stores next year.
