SGB Update Apparel
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.
Moncler Sees Sales Recover In Back Half
Moncler reported sales were down 12 percent in 2020, but it saw a significant recovery in the second half of the year.
Adidas Bans Fur, Joins Fur Free Retailer Program
Adidas has banned the use of animal fur in its products and joined the Fur Free Retailer (FFR) program.
Asics Invests In Soccer Scouting Platform
Asics Corporation announced that its investment subsidiary Asics Ventures Corporation has invested in Dreamstock Inc., an operator of a soccer scouting platform that matches soccer players with club teams.
VF Corp. Appoints Global Brand President, Icebreaker
VF Corporation announced the appointment of Jan Van Mossevelde to the position of global brand president, Icebreaker.
RYU Apparel Engages Oak Ridge Financial
RYU Apparel Inc. has engaged Minneapolis-based, Oak Ridge Financial to support the company’s investor relations and financial markets communication strategy.
Jack Wolfskin Appoints New Sales Representative
Jack Wolfskin announced a new addition to its North American sales team, Will Lachenauer. The founder of the LG3 sales agency, Lachenauer will be in charge of retail sales across Arizona, Nevada and California.
Emerald Holding Posts Q4 Loss
Emerald Holding Inc. recognized a net loss of $58.1 million for the fourth quarter of 2020 compared to a net loss of $68.2 million for the fourth quarter of 2019. Revenues were down 72.8 percent.
VF Corp Allocates Green Bond Net Proceeds
VF Corp announced it has fully allocated the net proceeds from its inaugural green bond issued last year, totaling approximately €493 million ($596 mm).
SportChek’s Q4 Comps Decline 3 Percent
Canadian Tire Corp. reported comparable sales growth in the SportChek segment declined 3 percent in the fourth quarter due to reduced promotional activity, temporary store closures and COVID-19 restrictions.
