SGB Update Apparel
Mastercard: Holiday Retail Sales Grew 3.0 Percent
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive and gasoline, increased 3.0 percent this expanded holiday season, running from October 11 through December 24. Notably, online sales grew 49.0 percent compared to 2019, the preliminary insights show.
Registration Opens For Virtual 2021 PGA Merchandise Show
Registration for the virtual 2021 PGA Merchandise Show, January 26 to 29, 2021, is now open for PGA and LPGA Members, golf buyers and industry professionals at PGAShow.com.
From Our Family To Yours …
Warmest thoughts and Best Wishes for a Wonderful Holiday and a very Happy New Year. Wishing you and your families the gifts of the season — Peace, Joy and Hope. SGB Media
Running USA Appoints CEO
Running USA announced that Dawna Stone has been hired as the organization’s fourth CEO in its 22-year history.
Dick’s SG Location In Kingsport To Close
Dick’s Sporting Goods will close its location in Kingsport, TN on January 3, according to a report from WYCB-TV.
RYU Apparel Closes Private Placement
RYU Apparel Inc. announced that it has closed its previously announced follow on non-brokered private placement financing that has resulted in gross proceeds of Canadian $1.1 billion.
Adidas And Jerry Lorenzo Announce Long-Term Partnership
Adidas announced a new long-term deal with Fear of God’s Jerry Lorenzo. The Los Angeles-based designer will “drive the creative and business strategy for Adidas basketball globally,” according to a statement from Adidas.
RIA Elects New Slate Of Directors for 2021
The Running Industry Association (RIA) voting for the organization’s 2021 Board of Directors concluded last night adding five new directors to replace an equal number of departing directors.
REI To Close Settlers Ridge Location In Pittsburgh
REI plans to close its Settlers Ridge store in Pittsburgh permanently after 11 years.
Concepts Opens New Store In New York City
Concepts announced the opening of a new store in New York City, at 99 University Place in the Union Square neighborhood. The 2,500-square-foot space is the fourth Concepts retail location adding to the brand’s presence in Boston, Shanghai and Dubai.
Orvis Appoints Chief Product Officer
Orvis announced that Reenie Benziger has been named chief product officer. Prior to Orvis, Benziger served as VP, global apparel at Nike.
Barnes & Noble Education (BNED) Partners With Fanatics And Lids
Barnes & Noble Education, Inc. (BNED) entered into a long-term strategic omnichannel merchandising partnership with Fanatics and Lids. Under the terms of the agreement, Fanatics and Lids will jointly make a $15 million strategic equity investment in BNED.
Mizuno Renews Sponsorship Of NFCA
The National Fastpitch Coaches Association (NFCA) agreed to a multi-year official sponsorship renewal with Mizuno USA.
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).
