SGB Update Apparel
Poshmark’s Stock Price More Than Doubles In IPO Debut
Poshmark Inc.’s shares more than doubled in its initial public offering debut Thursday.
Stock+Field Closing All Locations
Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.
Anta Sports’ Q4 Sales Gains Led by Fila, Other Brands
Anta Sports reported modest retail sales gains for its flagship Anta brand in the fourth quarter while strong double-digit gains were seen by Fila and its other brands ((Descente, Kolon Sport, Sprandi, and Kingkow).
U.S. Bans Cotton From Xinjiang Region
The U.S. has banned imports of cotton products and tomatoes produced in China’s Xinjiang region over the Chinese government’s continued atrocities against its Uighur Muslim population U.S. Customs and Border Protection (CBP) said on Wednesday.
Adidas Partners With G2 Esports
Adidas announced a multi-year partnership to become the official sports apparel provider for G2 Esports, a leading esports brand.
Nike Sues Nearly 600 Websites For Selling Counterfeit Sneakers
Nike filed a lawsuit against 589 websites allegedly selling counterfeit versions of its Nike and Converse shoes online.
North Face Sued By Graffiti Artist Over ‘Atom’ Design
The North Face has been sued by the graffiti artist Futura for allegedly knocking off his signature atom-like motif in a recent line of apparel.
Canada Goose Appoints Asia-Pacific President
Canada Goose announced the appointment of Scott Cameron as president, Asia-Pacific (APAC), effective April 1, as well as the appointment of Michael D. Armstrong, executive vice president, ViacomCBS, to its Board of Directors as an independent director, effective immediately.
Fanatics Extends Partnership With Atlético De Madrid
Fanatics announced a long-term extension of its e-commerce and manufacturing deal with Atlético de Madrid.
SIMA Appoints President
The Surf Industry Manufacturers Association (SIMA) announced the results of its Board of Directors Elections for the term beginning January 2021 and ending December 2022, including Paul Naudé being reelected to serve as Board president.
Merchandiser From Urban Outfitters Joins NTWRK
NTWRK, the youth culture e-commerce and content platform, announced the appointment of Colby Black, former executive director of buying and marketplace at Urban Outfitters, as chief merchandising officer.
Surfline Hires Marketing Executive From Apple
Surfline\Wavetrak Inc., the company behind ocean forecasting service Surfline, announced the appointment of Kim Centeno head of marketing. Centeno joins Surfline from Apple, where she most recently led marketing for subscription services, including Apple Arcade.
Nordstrom’s Holiday Sales Slump 22 Percent
Nordstrom Inc. announced a net sales decline of approximately 22 percent for the nine-week holiday period ended January 2, 2021, compared with the nine weeks ended January 4, 2020. Digital sales grew 23 percent. Sequential sales improved, in-line with company expectations, adjusting for Anniversary shift.
Orva Secures Investment
Trilantic North America closed on an investment in Orva, a 3P authorized retail partner for footwear, apparel and equipment brands selling on Amazon, Walmart and other direct-to-consumer channels.
SylvanSport Appoints Finance Director
SylvanSport is expanding its team, most recently with the hire of Finance Director Lisa Drake. Drake previously worked as Finance Director in the manufacturing and hospitality industries.
