SGB Update Apparel
Belk Seeking Out-Of-Court Financial Restructuring
Belk, its major lenders and the private equity firm Sycamore Partners are nearing a deal to restructure the department store’s debt outside of bankruptcy proceedings, according to a Wall Street Journal report.
Lululemon Ranks Eighth On Glassdoor’s Best Places To Work List List
Lululemon Athletica was the only company in the active lifestyle space to land in the Top 10 of Glassdoor’s Annual Ranking of the 100 Best Places To Work in the U.S., coming in at No. 8. Other companies in the industry landing on the list include Vans, 36; REI, 48; and Nike, 49.
Running USA Survey Finds Runners Eager To Return To Live Events
According to Running USA’s 2020 Global Runner Survey, 66 percent of runners in North America plan to be back out racing as soon as an event is available in their area or within traveling distance. An additional 20 percent wanted a vaccine to be available before they raced again.
ReCircled Acquires Circlarity
ReCircled, LLC, a Denver-based industrial sustainability company serving the textile, apparel and footwear sector, announced the acquisition of Circlarity, LLC, a digital sustainability intelligence technology company.
Pentland Brands Appoints Its First Positive Business Director
Pentland Brands Limited has announced the appointment of Sara Brennan as its first positive business director.
Licensing Expo To Be Held In August 2021
The Global Licensing Group has scheduled its in-person Licensing Expo for August 10-12, at the Mandalay Bay Convention Center in Las Vegas, NV. Accompanying the tradeshow is a virtual event, which will be held on August 24-25.
Ebay Appoints VP Of Fashion
Ebay has appointed Charis Márquez, formerly VP for sales effectiveness at Levi Strauss & Co., to the newly created role of vice president of fashion.
Goat Group Secures Investment From Groupe Artemis
Goat Group, the online marketplace for sneakerheads, has secured a strategic investment from Groupe Artemis, the controlling shareholder of Kering, the owner of Gucci, Saint Laurent, Bottega Veneta and other luxury brands.
Southampton Exits Under Armour For Hummel
Southampton announced a new partnership with Hummel, the Danish brand, after mutually parting ways with Under Armour two years before its contract was due to expire.
VF Corp. Launches Enhanced Product Traceability Mapping Data
VF Corp. enhanced its traceability mapping program by disclosing Tier 1 through Tier 4 suppliers. The company said offering supply chain visibility through Tier 4 suppliers demonstrates its commitment to continuous improvement and increased transparency outlined in its corporate sustainability and responsibility strategy, Made for Change.
Brand Machine Group Acquires Penfield
Global licensing specialists Brand Machine Group (BMG) has acquired U.S. outdoor brand Penfield.
Retail Sales Drop In December For Third Straight Month
Retail sales, excluding automobiles and gas, slid 0.7 percent in December compared to November, according to the Commerce Department, as a surge in coronavirus cases kept consumers away from stores during the critical holiday shopping season.
NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic
Retail sales during the 2020’s November/December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s (NRF) holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion.
UFC Names Zappos.com Official U.S. Licensing Partner
UFC, the mixed martial arts organization, announced a multi-year partnership in which Zappos.com will become the exclusive wholesale manufacturer and distributor of officially licensed UFC merchandise sold at retail in the U.S.
Joint Statement From AAFA, NRF, RILA, USFIA In Response To Ban On Cotton Imports From XUAR
The American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association, and The United States Fashion Industry Association responded to the U.S. Customs and Border Protection’s (CBP) blanket Withhold Release Order (WRO) impacting all cotton and cotton products from the Xinjiang Uyghur Autonomous Region (XUAR).
