SGB Update Apparel
Fila USA’s Sales Improve 25 Percent In Q4
Fila Holdings Corp., based in Korea, reported sales at Fila USA were up 25.2 percent in the fourth quarter but down 19.5 percent for the year.
Gap’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt outlook to positive on its belief that its operating performance will recover at a faster pace than previously anticipated, driven by strength at Old Navy and Athleta.
SFIA Applauds Reintroduction Of PHIT Act
Senators Chris Murphy (D-CT) and John Thune (R-SD) reintroduced the Personal Health Investment Today (PHIT) Act in Congress. In a statement, SFIA said the PHIT Act will make sports and fitness more affordable to Americans, as the country recognizes the value of physical activity in promoting good health.
Li Ning’s Revenues Climb 4 Percent In 2020
Li Ning reported profits on an adjusted basis improved 34 percent in the year ended December 31 as revenues gained 4.2 percent.
Report: Nike Undergoes Additional Layoffs
Nike instituted an “unspecified number of recent layoffs” in an effort to build a “flatter, nimbler company,” according to a report from The Oregonian.
New Balance Announces Long-Term Relationship With Stone Island
New Balance and Stone Island, the Italian sportswear brand recently acquired by Moncler, announced a long-term product collaboration.
Adidas Confirms Peloton Apparel Partnership
Adidas confirmed plans to launch an apparel collection in partnership with Peloton. The collection marks Peloton’s first-ever instructor-designed global-level collaboration.
JD Sports Completes Acquisition Of DTLR
JD Sports Fashion Plc said it completed its acquisition of DTLR Villa LLC.
Snap Acquires Fit Analytics
Snap, the parent of Snapchat, announced that it acquired Berlin-based start-up Fit Analytics, which counts more than 18,000 retailers and brands as users of its solutions.
Nike’s Q3 Impacted By Supply Chain Bottlenecks
Nike Inc. reported a significant year-over-year gain in earnings on a 3 percent revenue gain. Earnings topped analyst estimates but sales came in well short. North America revenues declined 11 percent on a currency-neutral basis, largely driven by inventory delays due to container shortages and U.S. port congestion.
Everlast Signs License With SportLife Brands
Everlast Worldwide Inc. signed a new agreement with SportLife Brands, LLC of New York City. SportLife will produce, market and sell men’s, women’s, boy’s, and girl’s underwear, sleepwear, baselayers, and thermals under the Everlast brand in the U.S.
Fanatics Partners With University Of Oklahoma
Fanatics and the University of Oklahoma announced a 10-year exclusive retail and licensing partnership which, beginning this year, will see Fanatics become the University’s primary apparel and headwear partner.
Duluth Holdings’ Sales Dip In Fourth Quarter
Duluth Holdings Inc. reported a modest decline in earnings on a 1.4 percent slide in sales in the fourth quarter ended January 31. Strong online sales continued to offset steep declines in-store sales. Sales have recovered to show mid-teens growth early in fiscal 2021.
Lululemon Chairman’s SPAC Goes Public
KKR Acquisition Holdings I Corp. (KAHC.U), a SPAC (special purpose acquisition company) founded by KKR & Co. and Lululemon Athletica Chairman and former Gap Inc. CEO Glenn Murphy, raised $1.2 billion in an upsized initial public offering.
Dunham’s Sports To Open In Mason City
Dunham’s Sports announced it would be opening a store in Mason City, IA this summer, bringing up to 40 new full-time and part-time jobs to the community.
