SGB Update Apparel
Analyst: Nike Will No Longer Sell To These Nine Big Retailers
Susquehanna International Group said in a note Monday that proprietary checks confirm that Nike will be closing nine wholesale accounts: City Blue, VIM, EbLens, Belk, Dillard’s, Fred Meyer, Bob’s Stores, Boscov’s and Zappos.
SFIA Releases Single Sport + Fitness Reports
The Sports & Fitness Industry Association (SFIA) released 89 single sport and fitness reports which cover sports and fitness activities ranging from basketball to barre. The individual reports provide year-over-year trends and breakdown of participation by demographic variables.
Ecologyst Secures Funding
Ecologyst, the Victoria B.C. outdoor apparel company founded as Sitka, has secured an investment of over $950,000 from The District, a Vancouver based media company. The partnership will also enable Ecologyst to tap into Districts’ monthly online viewership of over 2 billion impressions.
Lord & Taylor To Close Five More Locations
Lord & Taylor, which filed for bankruptcy on August 2, announced plans to close five more stores, bringing the total number of Lord & Taylor stores shutting down to 24. The closures will leave the department store chain with 14 locations.
FIS Cancels 2020/21 North American Ski Races
The International Ski Federation (FIS) has announced that the entirety of the 2020/21 men’s and women’s Alpine World Cup season will remain in Europe rather than moving to the U.S. and Canada, as usual, due to the impact of COVID-19.
Afterpay Rewards On-Time Payments With New Loyalty Program
Afterpay, the ‘buy now, pay later’ service, announced its new loyalty program, called Pulse, which incentivizes and rewards Afterpay customers who pay for their purchases on time.
Zalando Further Strengthens Senior Leadership Team
Zalando announced the strengthening of its senior leadership team, including a new SVP advertising, SVP product management and General Counsel.
Frasers Group Signs First Post-COVID-19 Flagship
Frasers Group, the parent of Sports Direct in the U.K., plans to open a “mega store” at Leicester’s Fosse Park.
Correction: WL Gore Article
An article that ran in Monday’s SGB Update, “WL Gore To Eliminate 120 Jobs At Scotland Fabric Plant” was inaccurate.
L.L.Bean Partners With Mastercard On Complimentary Outdoor Classes
L.L.Bean is partnering with Mastercard to offer complimentary outdoor classes through its Outdoor Discovery Program.
June U.S. Core Skate And Surf Sales Grew 15 Percent, ActionWatch Reports
According to sales data for the ActionWatch US retailer panel, store sales for core skate and surf shops increased 15 percent when compared to last June.
Frasers Group’s Sales Climb 6.9 Percent In Year
Frasers Group plc, formerly Sports Direct International, reported Group revenue increased 6.9 percent to £3.96 billion in the 52-weeks through April 26. Excluding acquisitions and on a currency-neutral basis, revenue decreased 12.6 percent.
The Buckle’s Second-Quarter Earnings Double
The Buckle Inc. reported net income for the second quarter of fiscal 2020 was $34.7 million, or 71 cents a share, compared with $16.4 million, or 34 cents per share, for the second quarter of fiscal 2019.
New Era Field To Become Bills Stadium
The Buffalo Bills said they will call their stadium, “Bills Stadium” after failing to find a new naming rights partner before the start of the season. The change comes after the end of its partnership with New Era Company.
Adidas Extends Sponsorship Of England’s Rugby Football Union
England Rugby has announced it has extended its partnership with Adidas as Official Footwear Supplier for four more years.
