SGB Update Apparel
CODI Appoints Managing Director And Head Of Business Development
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, appointed Katie Melzer as managing director and head of business development. She was at Robert W. Baird & Co.
REI Co-Op Sells Headquarters To Facebook
REI Co-op announced that it has completed the sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA, for a purchase price of $390 million. The 400,000-square-foot campus and approximately six acres of land were purchased by Facebook on September 14.
Hibbett Sports Opens In Morgantown Mall
Hibbett Sports announced the opening of the newly relocated store in the Morgantown Mall in West Virginia.
Seafolly Names New CEO
Seafolly, the 45-year-old Australian swimwear maker, appointed Brendan Santamaria as its new CEO. The hire comes as the brand bounces back from voluntary administration and returns to former owners L Catterton.
Scheels Rolls Out Mobile Checkout
Scheels, which has 28 stores, has completed its initial implementation of the cloud-based Oracle Retail Xstore mobile POS platform and Oracle Retail Xstore Office Cloud Service to enable its employees to check out customers on selling floors.
Imports Spike As Retailers Stock Up For Holidays
Imports surged to unexpectedly high levels this summer and may have hit a new record, as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Portland’s U.S. Outdoor Store Files For Bankruptcy
U.S. Outdoor Store, a landmark store in downtown Portland for decades, filed for bankruptcy and closed its downtown store. The retailer blamed fallout from COVID-19, civic unrest in Portland, shifts to online purchasing and a dispute with its lender. Amer Sports, The North Face and Volcom held the largest unsecured claims among vendors.
Nike Ranks First Again In Apparel In Brand Intimacy Survey
Nike for the fourth year in a row led MBLM’s Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. The remaining brands in the top 10 for the apparel industry were Levi’s, Victoria’s Secret, The North Face, Under Armour, Adidas, Gap, American Eagle, Puma and Ralph Lauren.
Zumiez Q2 Earnings Soar
Profits at Zumiez Inc. climbed 182 percent in the second quarter ended August 1 as sales grew 9.6 percent. Earnings were well above Wall Street’s targets.
Adidas Launches Zoe Saldana Active Collection At Kohl’s
Kohl’s and Adidas announced a new collaboration with actress Zoe Saldana to launch the Adidas x Zoe Saldana collection of active apparel, footwear, and accessories for women.
Century 21 To Liquidate
Century 21, the New York department store chain, filed for bankruptcy and said it will close its stores after nearly 60 years in business. Adidas; Hanesbrands, the parent of Champion, Puma; and Nike all landed on the top-30 unsecured creditors list.
UCLA’s Under Armour Lawsuit Moves To State Court
UCLA on Wednesday voluntarily dismissed its breach of contract lawsuit against the Under Armour in federal court while pursuing the complaint in state court. No reason was given for the removal action.
Academy Sports Files To Go Public
Academy Sports and Outdoors Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering.
Report: JCPenney Finds Rescue Deal With Simon Property And Brookfield
Mall owners Simon Property and Brookfield Property Partners have reached an agreement in principle to acquire JC Penney out of bankruptcy proceedings in a deal valued at approximately $800 million, sources told the Wall Street Journal. The move will avoid a total liquidation and save about 70,000 jobs and 650 stores, Joshua Sussberg, a lawyer represensting Penney for the Kirkland & Ellis said in bankruptcy court Wednesday.
Adidas Extends Contract With Northwest Missouri State University
Adidas renewed its sponsorship deal with Northwest Missouri State University through 2026. MB2 Sports, out of the Kansas City area, will service the contract.
