SGB Update Apparel
Retailers Launch Additional Promotions With Boys & Girls Clubs Of America
Boys & Girls Clubs of America launched its 2020 Back2School cause campaign in July and continued its momentum by announcing additional partnerships with retailers around the country, including Champion Athleticwear, Kids Foot Locker and Old Navy.
Nanamica To Open Store In New York City
Nanamica, the Japanese technical contemporary menswear label, is opening its first store outside Japan in the SoHo district of Manhattan.
JP Sportswear Relocates Headquarters To Lynwood, CA
JP Sportswear, a manufacturer of sportswear apparel, relocated its headquarters from Los Angeles to Lynwood, CA. The new manufacturing facility was engineered for quick-turn production of Made in USA apparel and accessories.
Anta Group Partners With World Wide Fund For Nature (WWF)
Anta Group and the World Wide Fund for Nature (WWF) held a signing ceremony at the Group’s operational headquarter in Xiamen, China announcing that Anta Group became WWF’s first international partner in China’s sportswear and textile industry.
TJX’s Sales Slide 32 Percent In Q2
The TJX Companies Inc. reported a net loss of $214.2 million, or 18 cents a share, in the second quarter as sales fell 31.8 percent. Results were short of Wall Street’s target. The off-pricer predicted open-only comp store sales to decrease in the range of 10 percent to 20 percent in the third quarter.
Ryderwear Launching 3PL Warehouse in the U.S. And UK
Ryderwear, the Australian fitness apparel label, plans to open a third party logistics (3PL) warehouse in the United States and United Kingdom, a move that will slash delivery times for international customers.
361 Degrees Sees Revenues Slump 17 Percent In First Half
361 Degrees International Limited, the sporting goods firm based in Hong Kong reported revenues in the first half of 2020 fell by 17.0 percent to ¥2,686.1 million.
Target Reports Q2 Comps Vault 24.3 Percent
Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Adjusted earnings grew 86 percent.
Dick’s SG Appoints Chief Communications And Sustainability Officer
Dick’s Sporting Goods has appointed Peter Land as chief communications and sustainability officer.
NRF: Parents To Spend Even More On Tech This Back-To-School Season
Most families still don’t know what supplies students need for school and college this year, but more expect at least some classes to take place online than a month ago and said they will buy more computers and other items for back-to-school, the National Retail Federation (NRF) and Prosper Insights & Analytics reported.
Amazon To Hire 3,500 In U.S. Expansion
Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego.
Report: Academy Sports Confidentially Files For IPO
Academy Sports + Outdoors, acquired by Kohlberg Kravis Roberts & Co (KKR) in 2011, has confidentially filed paperwork for an initial public offering, according to a report from Bloomberg.
Walmart’s U.S. Comps Climb 9.3 Percent In Q2
Walmart reported total revenue in the second quarter was $137.7 billion, an increase of $7.4 billion, or 5.6 percent. Excluding currency impacts, total revenue would have increased 7.5 percent to reach $140.2 billion. Walmart U.S. comp sales climbed 9.3 percent, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97 percent with strong results across all channels.
Kohl’s Q2 Results Top Wall Street’s Targets
Kohl’s reported a loss in the second quarter on a 23.1 percent revenue decline but both exceeded Wall Street’s consensus targets. The retailer also noted that disciplined management of expenses and inventory resulted in positive operating cash flow in the period. Michelle Gass, Kohl’s CEO, said, “We are well-positioned to capitalize on evolving customer behaviors and the retail industry disruption, which we believe will drive long-term growth and increased markethare.”
Mint Green Group To Distribute Nike Golf And Tennis In Canada
The Mint Green Group announced an exclusive distribution partnership with Nike Canada in golf and tennis. The partnership will enable increased investment in these categories.
