SGB Update Apparel
Unifi Appoints Board Member
Unifi Inc. announced the election of Emma Battle to the Board of Directors. Battle is currently president and CEO of MarketVigor, a business services company she founded.
JD Sports Explores Funding Options To Fuel Expansion
JD Sports, the U.K. retailer that owns Finish Line and Shoe Palace in the U.S., confirmed on Tuesday that it was exploring additional funding to support growth.
Former Senior Marketing VP Of Under Armour Joins SquadLocker’s Board
SquadLocker announced that Jim Mollica, digital marketing executive and former senior vice president of global consumer engagement and digital at Under Armour, has joined its board of directors.
Target Giving $500 Pandemic Bonuses To 375,000 Frontline Employees
Target said it would be rewarding its frontline workers with $500 bonuses for their efforts during a “year unlike others” in 2020. Members of Target’s executive team, store leaders and distribution center leaders will net bonuses of $1,000 to $2,000. In total, Target is giving out $200 million in bonuses after a successful holiday season.
Belk Exploring Restructuring In Bankruptcy Proceedings
Belk Inc. is nearing a deal to file for bankruptcy protection to support a pre-arranged conversion of debt to equity, sources told Bloomberg.
NPD Report: Athletic Footwear And Activewear Sales Decline in 2020
U.S. athletic footwear dollar sales declined in the mid-single-digits in 2020 although sport-lifestyle, running, and golf outperformed, according to The NPD Group. Activewear sales were also down in the mid-single-digits for 2020, but sweatshirts and underwear posted gains.
Golf Scores Record Gains In Equipment Sales And Rounds In 2020
Golf Datatech LLC’s National Golf Performance Report showed that golf rounds soared 13.9 percent and equipment sales increased 10.1 percent in 2020 over 2019. The data-tracking organization said the surge in rounds and retail sales are primarily a result of golf being positioned as a near-ideal socially distanced activity during a pandemic.
Academy Sports Announces Secondary Offering Of Common Stock
Academy Sports and Outdoors Inc. announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy Sports.
Golf Rounds Played Surge In December
Golf rounds played jumped 37.3 percent for the month of December and grew 13.9 percent in total for 2020, according to Golf Datatech. The biggest regional gains were seen in New England, West North Central and Mid-Atlantic.
Feetures Undergoes Executive Changes
Feetures announced executive changes as part of succession planning. The changes include national sales manager for footwear specialty retailers, Steve Hallinan, becoming key accounts manager, John Gaither becoming chief operations officer and Joe Gaither, executive vice president.
Nike Opens Nike Live Store In Eugene
Nike opened its latest small-format Nike Live store in Eugene, OR. Nike by Eugene joins three other Nike Live concepts in Los Angeles, Tokyo and New York.
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.
