SGB Update Apparel
Kohl’s Q3 Comps Drop 13.3 Percent
Kohl’s reported third-quarter earnings that were significantly better than Wall Street’s targets although same-store sales were down 13.3 percent.
Sequential Brands Posts Q3 Profit Against Loss
Sequential Brands Group reported a profit against a year-ago loss in the third quarter as sales declined slightly.
SFIA Appoints Chief Business Officer
The Sports & Fitness Industry Association announced the appointment of Bill Patterson as SFIA’s chief business officer, effective immediately. He formerly worked for OpSec Security.
Puma To Sponsor United Soccer League
The United Soccer League, based in Tampa, FL, announced a new three-year agreement that makes Puma the national partner for the new USL Academy League.
Iconix’s Q3 Revenue Improves, Sales Slide
Iconix Brand Group Inc. reported total revenue for the third quarter of 2020 was $24.5 million, a 31 percent decline, compared to $35.5 million in the third quarter of 2019.
Stein Mart Receives Bid For IP Assets
Hilco Streambank is marketing the intellectual property assets of Stein Mart after the retailer signed a $4 million deal with a subsidiary of Retail Ecommerce Ventures (REV) to be the stalking horse bidder for Stein Mart’s IP.
Lululemon To Start Selling Mirror In Stores
Lululemon will begin selling its recently acquired Mirror home gym in 18 stores across the U.S. from this month. The cities include New York, Washington, D.C., Miami, Chicago, Minneapolis, Dallas, Los Angeles, and San Francisco.
Consumer Confidence Slips In October
Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases.
Adidas Appoints Global Head Of Marketing
Adidas has appointed Vicky Free as senior vice president of global marketing at Adidas effective January 4, 2021.
Yue Yuen’s Revenues Slide 19 Percent In Nine Months
Yue Yuen Industrial (Holdings) Ltd. reported revenue in the first nine months of 2020 fell 19.1 percent to $6,086.7 million, compared to the corresponding period of last year. The loss in the period came to $154.1 million. The fall in revenue was mostly attributed to COVID-19.
Century 21 Intellectual Property Assets Up For Sale
Century 21, which filed for bankruptcy in September and is liquidating its 13 stores in New York, New Jersey, Pennsylvania and Florida, is now selling its intellectual property assets.
Dick’s SG To Extend Black Friday Events Across 10 Days
Dick’s Sporting Goods announced plans to offer its Black Friday deals over a 10-day period rather than concentrated on a single shopping day. The strategy is intended to help ensure a safe shopping experience for its customers amid the pandemic this holiday season.
RYU Apparel Partners With Canada Skateboard
RYU Apparel Inc. entered a three-year partnership to become the apparel provider for Canada Skateboard.
Dillard’s Catapults In Q3
Dillard’s Inc. reported comparable store sales decreased 24 percent in the third quarter, but earnings vaulted to $31.9 million, or $1.43 per share, from $5.5 million, or 22 cents, for the prior-year third quarter
Hibbett Sports Announces New Merchandising Leadership Team
Hibbett Sports announced a new structural alignment for its merchandising leadership team which will allow the retailer to focus more on consumers with a “toe-to-head” connective approach across its product categories including Mens, Womens and Kids. The new Hibbett/City Gear structure will be organized by gender.
