SGB Update Apparel
VF Corp. To Open Multi-Brand Retail Store In Milan
VF Corp. plans to open its first multi-brand store this fall in Milan, Italy. The store, inside a historic building at 11 Orefici Street, will feature The North Face, Timberland and Napapijri with other VF brands periodically showcasing their collections.
Volcom Stores Opening In China
Authentic Brands Group, the owner of a global portfolio of lifestyle and entertainment brands, announced the expansion of Volcom in partnership with China Ting Group, a China-based lifestyle company specializing in retail development and brand building.
Adidas Becomes Official Kit Partner Of Leeds United
Leeds United said Adidas will become its official kit partner from the 2020/21 season in a record-breaking deal for the club. Adidas will take over from the Italian sportswear brand Kappa.
OIA Launches Outdoor Industry Business Certificate Program
The Outdoor Industry Association in partnership with Utah State University and Western Colorado University, launched select courses from its Outdoor Industry Business Certificate program. The program offers a suite of continuing education certificates tailored to outdoor industry professionals.
Nike Partners To Launch Global Carbon-Neutral Group
Nike Inc. joined eight other major corporations including Microsoft, Starbucks and Unilever, to form a new consortium with a goal of accelerating the transition to a net-zero global economy.
Renfro’s Debt Downgraded By S&P
S&P lowered its debt rating on U.S. sock manufacturer Renfro Corp. after finding a recent financial transaction tantamount to a default on its existing term loan.
REI To Open Stores In Gainesville And Billings
REI Co-op on July 24 will open stores in Gainesville, FL and Billings, MO.
RYU Apparel Postpones Private Placement
RYU Apparel Inc. postponed its previously announced private placement as well as plans to go ahead with a share consolidation.
Hibbett Sports Seeing Comps Surge In Q2
Hibbett Sports said it expects same-store sales to catapult in excess of 70 percent in the second quarter ended August 1, boosted by pent-up demand, stimulus checks and temporary and permanent store closures from competitors.
Canterbury Renews Irish Rugby Football Union Sponsorship
Canterbury, the U.K.-based apparel brand focused mainly on rugby football, renewed its Official Kit partnership with Irish Rugby Football Union for four more years.
NGF Update: Golf Trips Could Be Down 40 Percent In 2020
The latest consumer research from the National Golf Foundation indicates that the overall volume of golf trips in the U.S. could be down 35 percent to 40 percent in 2020 due to the coronavirus.
SDSI Expands And Lifts Geographic Limitations
San Diego Sport Innovators (SDSI), the nonprofit that has traditionally supported the Southern California’s sports and active lifestyle (SAL) economy, has lifted geographic limitations and now offers Active Lifestyle business expertise to any company in the SAL Industry.
Go Outdoors Administration To Likely See Small Recovery To Unsecured Creditors
Go Outdoors, the U.K. retailer required JD Sports in a pre-pack administration, could see its unsecured creditors recoup just 1 pence in every £1 owed, according to the case’s administrators from Deloitte LLP.
Hudson’s Bay CFO To Depart
Hudson’s Bay Co., the parent of Saks Fifth Avenue and the Canadian retailer Hudson’s Bay, said Ed Record, its CFO, is leaving the company. The exit follows a deal to take the company private in March and the departure of its CEO, Helena Foulkesleft, soon thereafter.
NRF Welcomes Healthy Workplace Tax Credit
The National Retail Federation welcomed legislation introduced that would give businesses a tax credit intended to help defer the cost of employee testing, personal protective equipment, cleaning, and other steps needed to make workplaces safe during the coronavirus pandemic.
