SGB Update Apparel
5.11 Appoints VP Of Global Product
5.11, Inc., the maker of technical apparel, footwear and gear, welcomed Matt Page, former executive at brands like The North Face, Under Armour and Mountain Hardwear, to 5.11’s executive team as vice president, global product.
Cotton Council International Joins Sustainable Apparel Coalition
Cotton Council International (CCI) announced that it has joined the Sustainable Apparel Coalition (SAC) and will use the group’s sustainability measurement suite of tools, the Higg Index, to drive environmental and social responsibility throughout its supply chain.
Lululemon Provides Update On Phased Global Store Reopening Plan
Lululemon Athletica Inc. said it has reopened over 150 store locations across North America, Europe, Asia, New Zealand and Australia, with approximately 200 additional locations set to reopen over the next two weeks.
Hummel Replaces Umbro As Everton Sponsor
Everton, the Premier League club, has agreed to a three-year kit deal with the Danish sportswear company Hummel. Umbro has been the sponsor since 2014.
Ross Stores Posts Steep Loss In Q1
Ross Stores Inc. reported a net loss for the 2020 first quarter of $306 million as revenues fell 52.6 percent.
Nike To Let Liverpool End Season With New Balance
Liverpool, the English Premier League club positioned to win its first title in more than 30 years, has reached a settlement with Nike that will allow the team to continue to wear their New Balance kit until the end of the season.
TJX’s Q1 Sales Tumble 52.5 Percent
The TJX Companies Inc. reported a net loss of $887 million, or 74 cents a share, in the first quarter against earnings of $700.2 million, or 57 cents, a year ago. Sales declined 52.5 percent to $4.4 billion from $9.28 billion a year ago.
Canada Goose Lays Off 125 Employees
Canada Goose Holdings Inc has laid off 125 workers, about 2.5 percent of its global workforce, as part of steps to cope with the impact of COVID-19 on its business.
Macy’s Warns Of $1 Billion Quarterly Loss
Macy’s Inc. predicted a first-quarter operating loss in the range of $905 million and $1.11 billion as the department store giant was forced to shut stores to slow the spread of the coronavirus. First-quarter sales are expected in the range of $3 billion to $3.03 billion, down from $5.50 billion a year earlier, a decline of 45 percent.
Under Armour To Offer $400 Million Convertible Senior Notes Due 2024
Under Armour Inc. announced that it proposes to offer $400 million aggregate principal amount of its convertible senior notes due 2024.
New York Road Runners To Deliver Virtual Experiences On Global Running Day
New York Road Runners (NYRR) announced its virtual and digital experiences for Global Running Day on June 3. This year’s observance will digitally unite people across the world to encourage physical wellness, strengthen community, and offer support.
Decathlon Introduces Scan & Go In Germany
Decathlon, the world’s largest sporting goods retailer, announced it is rolling out a mobile self-checkout solution across its 81 German stores.
Report: Orlando/Disney World Seen As Frontrunner For NBA’s Return
Orlando’s Walt Disney World has reportedly emerged as a front-runner to host NBA games if the 2019-20 season resumes this summer. Las Vegas also remains an option.
DePaul University Extends Partnership With Nike and BSN Sports
DePaul University announced that it has entered into a multi-year partnership with Nike through BSN Sports to continue to make Nike the official apparel of DePaul Athletics.
PGA Shows Cancels In-Person PGA Fashion & Demo Experience
After careful consideration and with guidance from health authorities and industry stakeholders, the PGA Fashion & Demo Experience, originally scheduled for August 18-19, 2020, at the Venetian Resort Las Vegas, will instead facilitate business connections through a series of digital programs starting in June with additional online offerings continuing throughout 2020.
