SGB Update Apparel
Nike’s Q2 Revenues Climb 9 Percent On Digital Momentum
Nike Inc. reported earnings rose 12.2 percent in the fiscal second quarter ended November 30 on a 9 percent revenue gain. Results came in well ahead of Wall Street’s estimates. The sales gains were led by an 84 percent hike in digital sales and a 24 percent gain in Greater China.
Poshmark Files For IPO
Poshmark, the secondhand e-commerce platform, filed for an initial public offering (IPO).
More Than 150 Million Plan To Shop On Super Saturday
More than 150 million U.S. consumers plan to shop on Super Saturday this year, up slightly from 147.8 million in 2019, according to the annual survey released by the National Retail Federation.
Under Armour Completes Sale Of MyFitnessPal
Under Armour Inc. announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners.
HanesBrands Names President Of Hanes Australasia
HanesBrands announced that Tanya Deans has been named president of Hanes Australasia.
Dick’s SG Partners For Same-Day Delivery
Dick’s Sporting Good and Instacart announced that the companies have partnered to launch same-day delivery from more than 150 stores.
NRF Encourages Retail Workforce To Be Included in Early Vaccine Recipient Groups
The National Retail Federation’s President and CEO Matthew Shay issued a statement advocating for the retail workforce to be included among the early recipient groups for the COVID-19 vaccine.
Noble Biomaterials Taps Industry Veteran To Lead Marketing Efforts
Noble Biomaterials today announced the expansion of its senior leadership team with the hire of marketing veteran Allon Cohne as its new Chief Marketing Officer.
Swiss Brand On Opens Flagship In New York City
On, the Swiss running brand, has opened its first global flagship store in New York City.
Wrightenberry Mills, Inc Announces Retirement of Tom Weber
Wrightenberry Mills, Inc. announces the retirement of long-time industry stalwart Tom Weber. Weber has served as director of sales and marketing for the company for the past 23 years.
Charles River Apparel Appoints Chief Marketing Officer
Charles River Apparel, based in Sharon, MA, hired Wayne Best as the company’s chief marketing officer. He previously headed marketing for ’47.
VF Corp.’s Debt Downgraded By S&P On Supreme Acquisition
S&P Global Ratings lowered its issue-level ratings on VF’s unsecured debt due to the debt being taken on from its pending acquisition of Supreme.
Apex Global Brands Sees 17 Percent Drop In Q3 Revenues
Apex Global Brands, which counts Hi-Tec, Cherokee and Tony Hawk among its lifestyle brands, reported revenues fell 17 percent in the third quarter ended October 31 although it was able to slightly narrow its loss in the period. The company secured an extension on a forbearance agreement from its lenders.
Under Armour Sued Over Rush Fabric Claims
Under Armour Inc is facing a proposed class-action lawsuit accusing it of misleading consumers about the purported performance-enhancing features of its Rush apparel line.
The WSL Suspends Production On The Billabong Pipe Masters
The World Surfing League (WSL) has decided to suspend the Billabong Pipe Masters competition, presented by Hydro Flask, as a result of positive COVID-19 tests within its organization, including WSL CEO Erik Logan.
