SGB Update Apparel
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.
G-III Apparel’s Q4 Sales Decline 30 Percent
G-III Apparel Group, Ltd. reported sales declined 30.3 percent in the fourth quarter and 35.0 percent in the full year ended January 31. The company predicted sales to climb 13.6 percent in the first quarter.
Nordstrom Launches Livestream Shopping Program
Nordstrom will begin hosting a series of live streaming events, where store employees or brand partners will showcase certain products on video.
3DLOOK Announces $6.5 Million Series A Round
3DLOOK announced that it has raised $6.5 million in Series A funding, led by Almaz Capital with participation from TMT Investments and Zubr Capital. The investment brings the online body measurement start-up’s total fundraising to date to $11.2 million.
Evo To Open Two Satellite Stores This Summer
Seattle-based outdoor and action sports retailer Evo has announced it will open satellite stores at Snoqualmie Pass in Washington and in Hood River, Oregon this summer.
February Retail Sales Slide
The U.S. Census Bureau said overall retail sales in February were down 3 percent seasonally adjusted from January but up 6.3 percent year-over-year. That compares with a monthly increase of 7.6 percent and a yearly gain of 9.5 percent in January.
Fanatics Signs Memorabilia Contracts With Joe Montana, Jerry Rice And Charles Woodson
Fanatics announced exclusive multi-year partnerships with NFL legends Joe Montana, Jerry Rice and Charles Woodson, who will join its roster of current and former athletes housed under the company’s memorabilia and collectibles division, Fanatics Authentic.
La Sportiva Appoints New General Manager
La Sportiva has appointed Marcello Favagrossa as general manager of the Italian brand.
LeBron James, Lakers Lead NBA Merchandise Sales Through First Half of Season
The National Basketball Association (NBA) and National Basketball Players Association jointly announced that LeBron James and the Los Angeles Lakers secured the top spots on the NBA’s Most Popular Jersey and Team Merchandise lists.
CD&R Completes S&S Activewear Buyout
Clayton, Dubilier & Rice has closed its previously announced acquisition of Bolingbrook, IL-based S&S Activewear, a distributor of imprintable apparel and accessories.
