SGB Update Apparel
Page’s Clarksville Sporting Goods To Close
Page’s Clarksville Sporting Goods in Clarksville, TN will close its doors on March 15 after 44 years in business.
Orvis Welcomes Former Backcountry And Athleta Execs To Board
Orvis welcomed former Backcountry and Athleta executives, Jill Layfield and Sheila Shekar Pollak to its board of directors, effective immediately.
Dick’s SG Exits Charlotte’s Northlake Mall
Dick’s Sporting Goods has quietly closed its two-level store at the Northlake Mall in Charlotte, NC, according to a report from the Charlotte Business Journal.
VF Corp. Named One Of The World’s Most Ethical Companies For Fifth Consecutive Year
VF Corporation was recognized by Ethisphere as one of the 2021 World’s Most Ethical Companies.
Macy’s Q4 Comps Drop 17 Percent
Macy’s reported fourth-quarter earnings fell by about half but came in well ahead of analyst targets. Comparable sales fell 17 percent on an owned basis, but sales were also ahead of expectations, led by 21 percent e-commerce growth.
Dillard’s Q4 Comps Decline 17 Percent
Dillard’s Inc. reported earnings were essentially flat in the fourth quarter as reduced markdowns and expenses helped offset a 17 percent decline in same-store sales.
Bass Pro Plans Senior Secured Term Loan Transaction
Bass Pro Group is proposing to offer a $4.1 billion senior secured term loan due 2028. The retailer intends to refinance its existing term loan facility in a one-for-one transaction to extend the maturity of the facility and to lower overall interest costs.
NPD: U.S. Consumers Continue To Spend On Their Stay-At-Home Lifestyle In 2021
Aided by the economic stimulus payments and with the pandemic still in full swing, consumers continued to spend on categories that make their life at home more comfortable in the first six weeks of 2021, reports The NPD Group.
Century 21 Planning Comeback
Century 21 Stores, which liquidated its stores last fall, announced plans to officially relaunch in 2021.
RYU Apparel Partners With Mexican Distributor
RYU Apparel Inc. has partnered with Mexico City-based fashion, athletic apparel and cosmetic distributor Grupo Pavel to sell RYU Apparel in Mexico.
Adidas Intends To Resume Dividend Payments
Adidas AG said its executive board has decided to resume the company’s dividend payments.
Walmart Promotes Denise Incandela To Lead Apparel
Walmart has appointed Denise Incandela, the current SVP for the company’s women’s group, elevated brands and e-tailers/DTCs, as its new head of apparel.
Kohl’s Activist Investors Seek To Take Control Of The Board
A group of activist investors with a combined 9.5 percent stake in Kohl’s Corp. are seeking to nominate nine people to the retailer’s 12-person board.
Hylete’s Revenues Slide 12 Percent In 2020
Hylete, the direct-to-consumer fitness apparel brand, reported sales of $11.1 million in 2020, down 11.9 percent from $12.6 million in 2019, according to a regulatory filing.
REI To Open Store In Santa Cruz This Fall
REI Co-op will open a new store in Santa Cruz, CA in fall 2021. With over 1.4 million lifetime REI members in Northern California, REI Santa Cruz will be the Co-op’s 15th location in the region.
