SGB Update Apparel
Consumers Sweet Spot This Holiday Is Free Shipping, According To NPD
The 2020 holiday shopping season kicked off earlier this year with Amazon Prime Days and competing retail promotions in mid-October, and while consumers are always looking for good deals, their sweet spot this holiday will be free shipping, reports The NPD Group.
Unifi Announces Strong Sequential Growth With First Quarter
Unifi Inc. reported sales in the first quarter ended September 27 were down 21 percent year-over-year but increased 64 percent sequentially compared to the fourth quarter of fiscal 2020. The fiber producer also posted a surprise profit in the period.
ISPO Munich 2021 To Go Virtual
ISPO Munich’s 2021 show will take place February 1 to 5, completely online due to the coronavirus. Klaus Dittrich, the Chairman and CEO of Messe München, said, “With ISPO Munich Online, we are enabling all customers around the world to participate in the event. At the same time, we can create formats that integrate new target groups.”
Concepts To Open Flagship Store In Boston
Concepts announced the opening of its global flagship store in Boston at 18 Newbury Street. The 4,700 square feet store introduces immersive products, alongside brand and digital experiences covering three floors in Boston’s Back Bay.
Arc’teryx To Open Second New York City Location
Arc’teryx will open a second Manhattan location in the Flatiron District, replacing the fitness startup Mirror, according to Commercial Observer.
Under Armour To Outfit Morgan State University
Under Armour reached an agreement to replace Adidas as the official outfitter for the Morgan State Athletic Department and its teams starting in 2020.
Speedo Welcomes Four-Time Olympic Medallist Cullen Jones
Speedo announced the appointment of four-time Olympic medallist Cullen Jones to its North America team. Jones, known for his accomplishments as a competitive swimmer, joins Speedo as a philanthropic sales manager leading the brand’s fundraising initiatives, enhancing relationships with grassroots teams and developing its community support strategy.
Ross Stores Opens 39 New Locations
Ross Stores announced the recent opening of 30 Ross Dress for Less and 9 dd’s DISCOUNTS stores across 17 different states in October. These new locations complete the company’s store growth plans for fiscal 2020 with the addition of 66 new stores
Academy Sports Announces Offering Of Senior Secured Notes
Academy Sports and Outdoors Inc. announced that its wholly-owned subsidiary, Academy, Ltd., intends to offer $400 million aggregate principal amount of senior secured notes due 2027 in a private offering.
Puma Becomes Kit Partner For Mumbai City FC
Puma announced a strategic long-term partnership with Mumbai City FC to become the official kit partner of the club.
Moncler’s Q3 Revenues Decline 15 Percent
Moncler reported revenues of €361.8 million ($428 mm) in the third quarter, a 15 percent decrease at current exchange and 14 percent at constant exchange rates.
SA Company Receives Strategic Investment From TZP Group
SA Company has received a strategic investment from TZP Group, through TZP Capital Partners III, LP, a private equity firm based in New York.
Nike Partners With Seattle Storm To Grow Sport For Girls
The Seattle Storm announced a partnership with Nike, the WNBA and NBA for Season Two of Game Growers, a program for girls 13 years or older in seventh or eighth grade to share their ideas on how to encourage more girls to play sports.
Consumers Prioritize Spending On Family, Friends Ahead Of Holiday Season
Consumers plan to spend $997.79 on gifts, holiday items such as decorations and food, and additional “non-gift” purchases for themselves and their families, according to the annual survey released by the National Retail Federation.
Lids Opens Largest Store To Date At PIER 39 In San Francisco
Lids expanded its brick & mortar footprint with a new location at PIER 39 in the San Francisco market that opened on October 23. The new storefront is the retailer’s largest to date at nearly 7,000 square feet and its eighth location in San Francisco.
