SGB Update Apparel

Stio Appoints Vice President Of Marketing

Stio has named Evan Torrance as vice president of marketing. Torrance joins the executive leadership team and reports to president Noah Waterhouse.

Puma’s Q4 Sales Climb 9 Percent, Sees Difficult First Half Of 2021

Puma reported sales grew 9.1 percent on a currency-neutral basis in the fourth quarter. With lockdowns currently closing about half of the retail stores selling Puma’s products in Europe, a challenging first quarter is expected. Recovery, however, is forecast near the end of the second quarter and strong improvements throughout the third and fourth quarter.

Impact Analytics Raises $11M In Funding Round

Impact Analytics Inc. closed on an $11 million growth financing led by Argentum Capital Partners IV, L.P. In connection with the financing, Walter H. Barandiarán, managing partner at Argentum, has joined Impact’s Board of Directors.

Outdoor Retailer Shifts Summer 2021 Trade Show To August 10-12

Outdoor Retailer announced this summer’s trade show will move from June to August 10-12, 2021 and remain at the Colorado Convention Center in Denver, CO.  The date change was made to facilitate a safe and successful in-person event.

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.