SGB Update Apparel

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.

Century 21 Planning Comeback

Century 21 Stores, which liquidated its stores last fall, announced plans to officially relaunch in 2021.

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.