SGB Update Apparel
Columbia Sportswear Announces Senior Leadership Changes
Columbia Sportswear announced that Thomas Cusick, EVP and COO, plans to retire. In accordance with pre-established transition plans, Lisa Kulok, SVP, global supply chain operations and manufacturing, and Jim Swanson, SVP AND CFO, are promoted to EVPs.
RYU Apparel Closes $4.2M Private Placement
RYU Apparel Inc. announced that it has closed a non-brokered private placement financing. Said Cesare Fazari, RYU’s CEO, “This capital infusion shows the confidence shareholders have in our plan of profitable renewal for the RYU brand.”
JCPenney To Emerge From Chapter 11 Under New Owners
JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Simon Property Group and a majority of its lenders in a move that’s expected to enable the department store chain to emerge from bankruptcy proceedings before the holiday selling season.
Fabletics Partners With Hydrow
Fabletics announced a partnership to become Hydrow’s official apparel partner and to sell Hydrow’s rowers to its members.
Nike Extends Sponsorship Of University Of New Mexico
Nike signed a new three-year contract to continue as the uniform and team gear provider to the University of New Mexico. Nike has worked to partner with the University since reaching an all-department contract in 2008.
Gildan Activewear’s Q3 Revenues Drop 19 Percent
Gildan Activewear reported sales declined 18.6 percent year-over-year in the third quarter as steep declines in activewear were only partially offset by strong sales growth in the hosiery and underwear category.
Lululemon Athletica Releases Impact Agenda
Lululemon Athletica inc. released its first-ever Impact Agenda detailing the company’s long-term strategy to become a more sustainable and equitable business, minimize its environmental impact, and accelerate positive change both internally and externally.
Academy Sports Prices Notes
Academy Sports and Outdoors Inc. priced a private offering of $400 million aggregate principal amount of 6.000 percent senior secured notes due 2027.
Dick’s SG Opens Calia Pop-Ups
Dick’s Sporting Goods announced the opening of three temporary pop-up-shop locations for Calia by Carrie Underwood.
Inside The Call: Puma’s Sales Rebound in Q3
Puma’s revenues recovered after posting a decline in the second quarter due to COVID-19 restrictions, climbing 13.3 percent on a currency-neutral basis. The gains were led by the Americas, up 20.7 percent on a currency-neutral basis; and EMEA, ahead 17.7 percent.
SIA’s Snowbound Festival Debuts Website; Announces Dates For Upcoming 2021 Winter Shows In New England And Rockies
In celebration of the upcoming winter season, Snowsports Industries America (SIA) debuts the first phase of its Snowbound Festivals consumer platform with the launch of its new website Snowboundfest.com. An integral part of the overall Snowbound Festivals strategy is its online platform connecting consumers with brands, resorts and retailers. Phase two of the Snowbound Festival […]
Puma’s Q3 Earnings Climb 13 Percent
Puma reported net earnings rose 13.0 percent as sales recovered to show a 13.3 percent gain on a currency-neutral basis. Cost-control measures also helped offset margin pressures. Puma again declined to provide a full-year outlook due to uncertainty in the marketplace around COVID-19.
NPD Names President, U.S. Apparel
The NPD Group has named Susan Merrill president of its U.S. Apparel practice. She succeeds John Deputato, a 10-year veteran of NPD and practice head for the majority of those years, who is retiring this month.
Kohl’s To Open Wellness Markets
Kohl’s will test a new in-store shop concept, Wellness Market, in 50 stores and online. The market, which will stock such items as green cleaning products, baby wipes and vitamins, is designed to appeal to consumers who view their health and wellness as a priority.
2021 Running USA Industry Conference Cancelled
Running USA said it has canceled its 2021 Industry Conference scheduled for February 2021 in New Orleans. All registered attendees have received communications with their follow-on options prepared.
