SGB Update Apparel
VF Corp. Posts Better-Than-Expected Earnings
VF Corp. reported earnings and sales declined in the second quarter ended September 26 as a result of the impact of COVID-19. However, both came in ahead of Wall Street’s consensus estimates and VF officials indicated its year-to-date performance exceeded internal expectations across all brands, driven by digital and China.
Centric Brands Emerges From Bankruptcy
Centric Brands has completed its financial restructuring and emerged from bankruptcy protection after filing in May.
Five Below To Open Esports Facilities In Three Locations
Five Below in a partnership with Nerd Street Gamers to open esports facilities connected to two Five Below stores in Georgetown, TX and Philadelphia, PA, with an additional location in St. Louis, MO opening later this month.
REI Opens Two Pop-Ups Selling Used Gear
REI Co-op announced the expansion of its recommerce business by piloting two used-gear pop-up stores and its trade-in program.
Amazon Breaks $3.5 Billion In Third-Party Prime Day Sales
Amazon said third-party sellers surpassed $3.5 billion in sales on Prime Day, a nearly 60 percent year-over-year increase, growing even more than Amazon’s retail business.
ICSC Sees 1.9 Percent Rise In Holiday Sales
ICSC forecasts a 1.9 percent year-over-year spending increase this holiday season with total spending to be $862.2 billion. Its annual Holiday Shopping Intentions Survey found that the average adult plans to spend $655 on holiday-related items – surpassing 2019’s actual expenditure.
NRF Foundation Introduces COVID-19 Training For Retail Employees
The NRF Foundation launched two new credentials in its RiseUp program in response to COVID-19 focused on Retail Operations and Customer Conflict Prevention.
Ruby Ribbon Hires COO/CFO + CMO
Ruby Ribbon Inc. hired Michelle Sanft as the company’s new chief operating officer and chief financial officer, and Loly Hlade as its new chief marketing officer.
Urban Outfitters Announces Management Changes
Urban Outfitters Inc. announced a number of promotions within the organization to meet future growth and strategic initiatives.
Delta Apparel’s Q4 Revenues Climb 8 Percent
Delta Apparel Inc. anticipates overall net sales for its fiscal fourth-quarter ending October 3 to be approximately $116 million, up about 8 percent compared to $108 million in the prior-year period, with growth in each of its business units.
Outdoor Research Adds Midwest Outdoor Sales Agency
Outdoor Research added Midwest Outdoor Sales to represent the brand in the Midwest territory — Missouri, Illinois, Wisconsin, Minnesota, North Dakota, South Dakota, Iowa, and Nebraska.
Quiksilver Owner Sued Over Rescue Deal
Investors filed a lawsuit against Boardriders Inc., the parent of Quiksilver and Billabong, over a $431 million rescue financing package they said elevated the interests of a select group of lenders and private-equity backer Oaktree Capital Management LP.
Outdoor + Snow Show Shifts To Virtual Event
Outdoor Retailer announced the upcoming launch of Outdoor Retailer Winter Online, which will replace the Outdoor + Snow Show in-person show, originally scheduled for January 27-29, 2021, at the Colorado Convention Center in Denver.
USTA Appoints Industry Exec To Lead Engagement & Services
The United States Tennis Association (USTA) has announced the appointment of Mickey Maule as the Association’s managing director of engagement & services. Maule most recently worked at Wilson Sporting Goods as commercial director, North America, racquet sports.
SquadLocker Appoints Enterprise Brand Advocate
SquadLocker, based in Warwick, RI, signed Dan Koppen to its team as enterprise brand advocate.
