SGB Update Apparel
Finish Line Delivers 9 Percent Comp In Fiscal Year
JD Sports Fashion reported a rise in annual earnings and indicated Finish Line’s comps in the U.S. grew 9 percent. However, the UK’s largest sneaker chain cut its dividend and warned the coronavirus outbreak has constrained its short term progress.
L.L.Bean Plans Three Stores In Canada
L.L.Bean announced the expansion of the brand in Canada, with three new L.L.Bean stores scheduled to open in Ontario by the end of 2020.
Kathmandu Sees Strong Rip Curl Recovery As Stores Reopen
Kathmandu Holdings Limited reported that total Group sales for the 10 months ended May 31 were down 15.1 percent versus the prior-year comp period but retail store and online sales have “generally exceeded management expectations since stores began reopening.
OBIT: Berghaus Co-Founder Gordon Davison
Gordon Davison, the co-founder of the British climbing and mountaineering brand, Berghaus, passed away at the age of 85.
Dick’s, Walmart And Target Pull Redskins Merchandise From Websites
Walmart, Target and Dick’s Sporting Goods have all taken down Washington Redskins merchandise from their websites amid renewed calls for the NFL team to change its name. Nike, the NFL’s official gameday uniform supplier, has also removed Redskins jerseys from Nike.com.
Nordstrom Will Pay Half Rent For The Remainder Of 2020
Nordstrom has reportedly notified its landlords that it will pay only half of its rent costs for the rest of 2020.
Real Madrid CF And Legends Announce Omnichannel Retail Program
Real Madrid CF, the Spanish professional football club based in Madrid, announced an expansive omnichannel retail program, inclusive of a new online store, the relaunch of three stores in Madrid, and a new Flagship Megastore at the Estadio Santiago Bernabéu. Real Madrid has partnered with Legends to manage all merchandise operations.
CODI Declares Second Quarter 2020 Distributions
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, has declared a quarterly cash distribution of 36 cents per share on the company’s common shares.
Nike Removes Redskins Apparel From Its Website
Nike, the NFL’s official gameday uniform supplier, has taken down Washington Redskin’s apparel from its website amid renewed calls for the NFL team to change its name.
Lucky Brand Files For Bankruptcy, Enters Sales Agreement
Lucky Brand Dungarees filed for bankruptcy and reached an agreement with SPARC Group LLC (SPARC) and Authentic Brands Group on the sale of the company.
USA Cycling Cancels National Championships
USA Cycling announced the cancellation of multiple National Championships for the 2020 season.
PrimaLoft Inks Global License Agreement With Fiberpartner
PrimaLoft, Inc. inked a licensing agreement with Fiberpartner, a global supplier of stapled fibers, technical yarns and plastics. The agreement allows Fiberpartner to develop the use of Primaloft’s PrimaLoft Bio technology in multiple new industries.
University Of Denver Adding Women’s Triathlon As Varsity Sport
USA Triathlon, along with Karlton Creech, University of Denver Vice Chancellor for Athletics, Recreation and Ritchie Center Operations, announced that the University of Denver will add women’s triathlon to its varsity sport offerings. The school is the 37th in the nation, the second in Colorado and the ninth at the NCAA Division I level to add the sport.
NRF: Pandemic Recession Could Already Be Easing
The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation Chief Economist Jack Kleinhenz said the key question is how long it will last.
AAFA Welcomes USMCA Implementation
American Apparel & Footwear Association (AAFA) President and CEO Steve Lamar welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA) ahead of its entry into force on July 1.
