SGB Update Apparel
G-III Apparel Q3 Sales Slump 27 Percent
G-III Apparel Group, Ltd. reported earnings declined 33.8 percent in the third quarter as sales retreated 26.7 percent.
The Buckle Sets Special Dividend
The Buckle Inc. announced that at its quarterly meeting of the Board of Directors, held on December 7, 2020, the Board authorized a $2.00 per share special cash dividend to be paid to shareholders of record at the close of business on December 21.
Moncler To Acquire Stone Island
Moncler SpA agreed to buy Stone Island, a rival maker of men’s luxury sportswear, for €1.15 billion ($1.4 billion) in cash and shares.
Fanatics Acquires WinCraft
Fanatics announced the acquisition of WinCraft, a licensed sports manufacturer in the hardgoods categories. With the move, Fanatics now adds hardgoods and non-apparel to its vertical commerce business and setting up a hardgoods center in Winona, MN.
JCPenney Emerges From Bankruptcy
JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain.
Dick’s SG To Close Store In Port Huron, MI
Dick’s Sporting Goods plans to close its store at the Fort Gratiot Shopping Center in Port Huron, MI this winter, according to a report in the Port Huron Times Herald.
Adidas Partners With The Atlanta Hawks
Adidas inked a multi-year partnership with the Atlanta Hawks that covers a wide variety of marketing integrations including event sponsorships, exclusive product designs, and custom digital content.
GolfNow Survey Finds Optimistic Outlook For 2021
Overall, the 2021 outlook for golf participation is generally positive based on the survey results, despite some stumbling blocks in certain segments, according to results from the latest Golf Operation Impact survey conducted by GolfNow.
Urban Outfitters Appoints CFO
Urban Outfitters Inc. announced the promotion of Melanie Marein-Efron, the company’s executive director of corporate development and finance, to chief financial officer.
Burton Opens Retail And Employee Hub In Downtown Denver
Burton Snowboards announced the grand opening of a new Burton Hub in the River North (RiNo) Art district of downtown Denver.
New Balance To Close Boston Factory
New Balance plans to close its factory in Boston’s Brighton neighborhood in February, eliminating 63 jobs.
Capranea Secures Strategic Investment To Drive Global Growth
Capranea announced it has secured a strategic private investment to drive global expansion. As part of the agreement, Progression Brands Group (PBG) has been named its global operating partner.
Dick’s SG Names Todd Spaletto President Of Public Lands Retail Concept
SGB Media has obtained an internal communication from Dick’s Sporting Goods announcing the appointment of Todd Spaletto as president of its new Public Lands retail division serving the outdoor specialty market.
Amazon And Yeti File Joint Lawsuit Against Counterfeiters
Amazon and Yeti Coolers jointly filed a lawsuit against two U.S.-based individuals for counterfeiting Yeti’s products, including Yeti’s popular Rambler mug.
Zumiez Posts Strong Profit Uptick In Q3
Zumiez Inc. reported earnings rose 51.6 percent in the third quarter ended October 31 as sales grew 2.6 percent. Sales turned positive in September and October after delayed back-to-school spending dragged down August results.
