SGB Update Apparel
Apparel Resale App Curtsy Raises $11M In Series A Funding
Curtsy, a shopping app for clothing, shoes, and accessories, has raised $11 million in Series A funding. The funding, led by Index Ventures, will enable Curtsy to scale and build out its team.
Salomon’s President Exits
Amer Sports announced that Michael White, president of Salomon, has left the company to “pursue other interests.” An external search has been initiated for a permanent successor.
United Legwear & Apparel Acquires Pro Player Brand
United Legwear & Apparel Co. (ULAC) has acquired the Pro Player brand from Perry Ellis International Inc. ULAC has been the fan apparel brand’s master licensee in recent years.
Mytheresa Completes IPO
Munich-based online luxury-fashion retailer Mytheresa on Wednesday raised $406.8 million in its U.S. initial public offering (IPO). The offering valued the e-commerce site at a higher than expected $2.2 billion.
Report: Hudson’s Bay Planning IPO For Saks.com
Hudson’s Bay Co. is exploring a spin-off of Saks.com as a public company, separating the online business from Saks Fifth Avenue’s brick & mortar operation, according to a report from WWD.
Golf Datatech Reports All-Time Best December For Equipment Sales
Golf Datatech, LLC announced that U.S. golf equipment sales for December 2020 were up 58 percent over the same period in 2019, while exceeding December’s previous all-time high, set in 2006, by 16 percent.
Cohere Capital Completes Strategic Growth Investment In CCS
Cohere Capital announced that it has made a strategic growth investment in Portland, OR-based CCS, the online retailer of streetwear and skateboard equipment. The investment will allow CCS to continue to invest in technology-enabled products and service offerings and accelerate its brand growth.
S&S Activewear Announces New Investment To Support Growth
S&S Activewear and Clayton, Dubilier & Rice (CD&R) announced a partnership in which CD&R-managed funds will invest alongside current owners and management to acquire S&S, a North American distributor of imprintable apparel and accessories. S&S works with brands including Adidas, Champion, Columbia, Bella+Canvas, Next Level Apparel, and Gildan.
Citi Trends Announces Holiday Sales Results And Updates Long-term Strategic Plan
Citi Trends Inc. reported total sales for the nine-week period ended January 2, 2021 increased 12.9 percent to $192.5 million compared with $170.5 million in the same period of 2019 and comparable store sales increased 10.3 percent versus 3.6 percent in the same period last year.
Athleta Rolls Out Extended Sizing
Athleta announced the expansion of extended sizing (“1X to 3X” or sizes 18 to 26) to 350 styles across its collection. For Spring 2021, 70 percent of the Athleta collection will be available in sizes 1X to 3X.
Aqua Lung Appoints Director Of Military & Professional, North America
Aqua Lung announced it has appointed Katie Roberts as Director of Military & Professional, North America.
Backcountry To Open New Retail Stores Spring 2021
Backcountry announced plans to open brick & mortar retail locations beginning May 2021. The retailer currently has one store adjacent to its fulfillment center in Salt Lake City, UT, and will expand its retail footprint this year with two new stores, the first of which will open in Park City, UT, followed by a location in Boulder, CO.
HanesBrands Names Group President, Global Innerwear
HanesBrands announced that Joe Cavaliere has been named to the newly created role of group president, global innerwear, effective February 8, 2021. Howard Upchurch, group president, innerwear Americas, has announced his retirement.
The 2021 NRF Big Show Chapter Two Goes Virtual
The National Retail Federation (NRF) has moved Chapter Two of its 2021 Big Show from an in-person to a virtual event.
Nike Exits 280,000 Square Feet Of Office Space
Nike is leaving its 280,000-square-foot office space in Sunset Corridor at the Tektronix campus in Beaverton, OR according to a report from the real estate firm JLL Capital Markets.
