SGB Update Apparel

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.

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.

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.