SGB Update Apparel
Foot Locker Opens Flagship In Singapore
Foot Locker Inc. has opened its largest store in Singapore. Located in Orchard Gateway @Emerald, the five-story space with retail over three-levels combines product, in-store presentations and customer experiences featuring a multi-branded basketball collection and a half-court in B2.
Cascade Designs Engages Sales Team To Serve Canadian Territories
Cascade Designs retained Sasso Vertical Sales to represent its brands in British Columbia, Yukon Territory and Northwest Territories.
SquadLocker Appoints VP Of Operations
SquadLocker, the uniform and custom team gear provider, appointed Jim Day as vice president operations to support the company’s growth and expansion.
He was previously vice president of global supply chain at ’47, a sports lifestyle brand.
GymShark Secures Equity Funding
GymShark, the U.K.-based fitness apparel start-up, announced it will enter a strategic partnership with General Atlantic, a leading global growth equity firm, in its first-ever fundraise, valuing the business at over £1 billion. In conjunction with General Atlantic’s investment, Founder Ben Francis has increased his stake in the company to over 70 percent.
Retail Sales Increase 1.2 Percent In July
The U.S. Census Bureau reported overall retail sales during July were up 1.2 percent seasonally adjusted from June and up 2.7 percent year-over-year. The July gain over June was lower than the 1.9 percent expected by economists, according to Reuters.
Fanatics Receives $6 Billion Valuation In Latest Funding Round
Fanatics raised $350 million in a Series E funding round, valuing the sports fan online retail giant at $6.2 billion, up from $4.5 billion in its last funding round, according to reports.
Revolve Group Posts Profit Against Loss In Q2
Revolve Group, the online fashion retailer, reported sales slid 11.8 percent in the second quarter to $142.8 million from $161.8 million a year ago.
Athleta CEO Joins Impossible Foods’ Board
Impossible Foods Inc., the plant-based meat start-up, announced that Mary Beth Laughton, the president and CEO of Athleta, has joined its board of directors.
Bass Pro Shops And Cabela’s Reward Store Associates With Bonuses Up To $1,000
Bass Pro Shops and Cabela’s have issued companywide bonuses for its hourly frontline retail, distribution center and manufacturing plant team of $250, $500, $750, or $1,000 based on job role and seniority, representing a multimillion-dollar investment to reward its Outfitters and employees for their efforts amid the pandemic.
Dillard’s Q2 Revenues Decline 35 Percent
Dillard’s Inc. reported total retail sales for the 13-week periods ended August 1 fell 35.2 percent to $893.2 million from $1.38 billion a year ago.
Sequential Brands Sees 14 Percent Q2 Sales Decline
Sequential Brands Group, the New York, NY-based parent of Avia, And1, Gaiam and SPRI, reported sales declined 14.4 percent in the second quarter ended June 30.
Ralph Lauren Announces Investment In Natural Fiber Welding
Ralph Lauren Corporation announced a minority investment in Natural Fiber Welding, Inc. (NFW), a sustainable material science startup that has developed a process to reuse natural fibers – such as cotton waste – into patented, high-performance materials. As a part of the investment, Ralph Lauren will help scale NFW’s patented process and develop performance apparel made from natural, sustainable materials.
Asics Sales Drop 21.5 Percent In Half
Asics Corp. reported a loss in the six months ended June 30 as sales dropped 21.5 percent. In North America, sales were down 27.1 percent but online sales grew 151 percent in the region. In the second quarter, sales were down 30.4 percent globally and 26.5 percent in North America.
PSEB Names New Interim CEO
PSEB, the parent company of PacSun and Eddie Bauer, has appointed Mike Relich as interim CEO role, replacing Jim Gulmi.
Hurley Family Launching Apparel Line With John John Florence
Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.
