SGB Update Apparel
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.
Retail Shrink Totaled $61.7 Billion In 2019 Amid Rising Employee Theft And Shoplifting/ORC
Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year prior as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to the annual National Retail Security Survey released by the National Retail Federation.
Boardriders Respond To The Recent WSL Tour Changes
Boardriders said Quiksilver and Roxy have agreed to sponsor a new Challenger Series (CS) event in France’s Nouvelle-Aquitaine region in the fall of 2021.
L.L. Bean Inks First Wholesaler Partnerships In The U.S.
L.L. Bean plans to sell its products at Nordstrom, Staples and Scheels in its first foray into wholesale in the U.S.
Nike Training Club App To Remain Permanently Free
Nike has made Nike Training Club (NTC) permanently free after waiving the app’s premium fee in April for a limited time to help people stay active in their homes while quarantining due to COVID-19.
Afterpay Introduces Apple Pay For In-Store Payments
Afterpay, the buy-now-pay-later platform, announced that its customers can now use Apple Pay to make purchases through Afterpay in physical retail stores and online.
