SGB Update Apparel

Adidas Partners With Phoenix Rising FC

Phoenix Rising FC, the American professional soccer team, announced it had secured a six-year partnership with Adidas, which will serve as the club’s official outfitter through the 2026 season.

S&P Raises Debt Ratings Outlook On TJX

S&P Global Ratings revised its debt rating outlook on TJX to stable from negative due to expectations that the COVID-19 vaccine rollout, store reopenings and less restrictive government mandates on crowd gathering will drive higher customer traffic to TJX’s stores, propelling historical same-store sales by the end of this year.

JD Sports Acquires MIG In Poland

JD Sports said it entered into an agreement to acquire a 60 percent stake in Polish sports fashion business Marketing Investment Group (MIG), with 410 stores across nine countries in Central and Eastern Europe.

Yue Yuen Sales Vault In February

Yue Yuen reported sales rose 77.0 percent to $755.5 million in February from $426.8 million a year ago. The year-ago period was impacted by the initial onset of the pandemic.

Tilly’s Q4 Profits Climb 41 Percent

Profits at Tilly’s Inc. jumped 41.3 percent in the fourth quarter ended January 30 as sales rose 3.2 percent. Results exceeded Wall Street’s targets.

Royal Robbins Opens Retail Store On Newbury Street In Boston

On March 7, Royal Robbins opened its first retail store in downtown Boston located at 304 Newbury Street. The 1,000 square-foot store is located in Boston’s Back Bay and down the street from its sister brand, Fjällräven.

Adidas Predicts Strong Bounce Back For 2021

Adidas AG said Wednesday that it returned to slight growth at constant currencies in the fourth quarter, boosted by e-commerce and retail sales and that it expects strong rebounds in its top and bottom lines and margins in 2021.

Adidas Looks To Accelerate Growth Under New Five-Year Plan

Adidas aims to double its e-commerce sales by 2025 and make its products more sustainable as part of a five-year strategic plan, “Own the Game.” The plan also calls for revenues to expand between 8 percent and 10 percent on average annually and profits to increase at a faster rate.

Ron Jon Surf Shop Sets Succession Plan

Ron Jon Surf Shop announced that Michele Goodwin, currently vice president of retail operations and human resources, has been selected as Ron Jon Surf Shop’s next company president and COO. Goodwin will assume her new role on May 1, when. Debbie Harvey, president and COO of Ron Jon Surf Shop since 2008, retires.