SGB Update Apparel
Fleet Feet Finds E-Commerce Boost Amid Pandemic
Fleet Feet has reopened 170 of its 184 stores in some capacity to strong initial results for many franchisees, according to a profile in Forbes. A decision to build a shared, central e-commerce site for all stores proved to be beneficial as stores were closed.
UK’s Go Outdoors Exploring Administration
Go Outdoors, the 67-unit outdoor chain based in the U.K., is exploring administration, a process similar to U.S. bankruptcy. The move was confirmed its owner by JD Sports.
Artémis To Trim Stake In Puma
Artémis, the holding company of French entrepreneur François Pinault, announced a new €500 million bond offering in Germany convertible into Puma shares in 2025.
Patagonia Joins Facebook Boycott
Patagonia has joined REI and The North Face in announcing plans to suspend advertising on Facebook and Instagram to show support for a movement called “#StopHateForProfit.”
Canadian Apparel Brand Duer To Open Third Store
Canadian performance denim company Duer announced the opening of its third retail location in Calgary on July 2.
AdvanSix Appoints New Chief Human Resources Officer
AdvanSix, a leading manufacturer of Nylon 6, appointed Kelly Slieter as senior vice president and chief human resources officer. She was at Honeywell.
OBIT: Rossignol’s Laurent Boix-Vives
Laurent Boix-Vives, Rossignol Group’s president and leader for some 50 years, passed away on Thursday, June 18, at the age of 93.
REI’s Westminster Location Closes On Monday
REI is closing its store in Westminster, CO after failing to reach a new agreement with the Orchard Town Center’s landlord, according to the Denver Post.
Modell’s Seeks Extension To File Bankruptcy Plan
Modell’s Sporting Goods is seeking a three-month extension of the time it has to file its bankruptcy plan due to challenges liquidating merchandise due to the pandemic. The retailer said its stores are now opening to start GOB sales.
The North Face And REI Pull Ads From Facebook
The North Face and REI both said they would temporarily stop buying Facebook ads in solidarity with calls for a boycott from civil rights organizations. Facebook and CEO Mark Zuckerberg have come under fire for allowing racist content and disinformation to propagate on the site.
Neiman Marcus Secures Bankruptcy Financing
Neiman Marcus Group LTD LLC announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of Texas Division to access debtor-in-possession (“DIP”) financing and is on track to exit bankruptcy proceedings by the fall.
International Council Of Shopping Centers Launches ‘Back. Together.’ Campaign
The International Council of Shopping Centers, the member network serving the retail real estate industry, has launched its “Back. Together.” campaign, a marketing and branding initiative to help its members communicate with one voice about the importance of retailers and retail real estate as the country seeks to recover from the COVID-19 pandemic.
Reports: Japan’s Renown May Face Liquidation
Japan’s Renown Inc., best known for its D’Urban and Arnold Palmer apparel brands, filed for bankruptcy in May and is on the facing liquidation, according to reports.
Delta Apparel Opening New Integrated Digital Print And Distribution Facility In Phoenix
Delta Apparel, Inc. is expanding its digital print business with the opening of a new integrated digital print and distribution facility in Phoenix, AZ, combining DTG2Go’s digital print business with Delta Apparel’s own supply of garments.
NGF Update: 20 Million Spring Rounds Lost To Covid-19
The U.S. golf industry lost as many as 20 million rounds of golf in March and April due to course closures and coronavirus-induced anxiety, according to the most recent National Golf Foundation estimates.
