SGB Update Apparel
L.L Bean Opens Store In Toronto
L.L Bean opened its fourth store in Canada after marking its entry into the country two years ago. The new store is located in Don Mills in Toronto.
Gap Sets Goal To Double Athleta’s Revenues By 2023
At its Investor Day presentation, Gap Inc. set a goal to double Athleta’s sales to $2 billion from $1 billion currently.
Golf Rounds Played Jump Again In September
Golf rounds played rose 25.5 percent for the month of September and are now up 8.7 percent in the year-to-date period, according to Golf Datatech.
Kohl’s Outlines New Strategic Vision With Heightened Focus On Active And Casual Lifestyle
Kohl’s shared the company’s new strategic framework with the investment community, including new initiatives to position the company for long-term success. As part of its strategy, Kohl’s has set a new vision: to be the most trusted retailer of choice for the active and casual lifestyle.
Reports: Adidas Exploring Sale Of Reebok
Adidas is exploring a sale of its Reebok division, according to reports in Germany’s Manager Magazin and Bloomberg.
PGA Show Shifts To Virtual Format In 2021
PGA Golf Exhibitions, in partnership with the PGA of America, announced the shift to an all-virtual format for the 2021 PGA Merchandise Show, to be held January 26-29, 2021.
Black Diamond-Parent Sees Mid-Single Q3 Revenue Gain
Clarus Corp said it expects sales growth for the third quarter to range from 5 percent to 6 percent as triple-digit gains at Sierra Bullets offsets a slight decline at Black Diamond.
Mammut Records Modest Growth In Q3
Conzetta Group’s said its Outdoor segment, which consists entirely of Mammut brand, saw “slight growth” in the third quarter, recovering from declines seen earlier in the year due the pandemic.
Li Ning’s Q3 Same-Store Sales Boosted By E-Commerce
Li Ning Company Limited registered a low-single-digit increase on a same-store sales year-on-year basis in the third quarter ended September 30, driven by high-thirties growth in e-commerce.
Academy Sports’ Debt Ratings Upgraded By Moody’s And S&P
Academy Sports’ debt ratings were upgraded by Moody’s Investors Service and S&P Global Ratings following the retailer’s proposed refinancing and debt redemption amid the recent IPO and good operating performance.
Brooks To Sponsor Houston Marathon
Brooks Running has signed on as the Official Footwear and Apparel Sponsor for the Houston Marathon, replacing Skechers.
Fanatics Announce Memorabilia Partnership With Tom Brady
Fanatics announced an exclusive, long-term partnership with Tom Brady, who will join its roster of athletes under the company’s memorabilia and collectibles division, Fanatics Authentic.
K2 And SkiEssentials.com Take The Pain Out Renting For Parents
K2 and SkiEssentials.com have partnered to create an online, season-long lease program and home delivery service for parents to outfit their junior skiers and snowboarders with gear at a fraction of the cost of buying new.
PBG Expands Executive Team; Launches Strategic Advisory Vertical
Expanding its team, PBG tapped fashion industry disruptor, Liz Fodera, to join the company; offer brands access to PBG advice on an ad-hoc basis.
Deloitte Predicts 7 Percent Drop In Holiday Spending
Amid continued COVID-19 anxiety, shoppers plan to spend cautiously this holiday season, averaging $1,387 per household, down 7 percent from 2019, according to Deloitte’s holiday forecast.
