SGB Update Apparel
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.
Golf Retail Store Openings Jump To 75 Percent
The percentage of off-course golf specialty stores open to foot traffic jumped from 61 percent to 75 percent last week in the National Golf Foundation’s latest industry-wide surveys. On-course pro shops are following close behind with 63 percent now open, up from 52 percent the prior week.
NFHS Releases Guide For Returning To High School Sports
The National Federation of State High School Associations (NFHS) has released guidance for its 51 member state high school associations to consider in re-opening high school athletics and other activity programs across the nation. Higher-risk sports such as football and wrestling were seen presenting more of a concern for transmission of the virus than lower-risk sports like individual running events and golf.
Target’s Same-Store Sales Grew 10.8 Percent
Target Corp. reported first-quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent. Profits slumped 64 percent due to incremental pay and investments in safety measures.
Epix Gear Shifts To American Production
Colorado-based sports apparel company, Epix Gear, announced the re-shoring of their apparel production with the opening of a made in the USA facility in Tempe, AZ.
L.L.Bean Begins Phased Store Reopenings At Select Locations
L.L.Bean announced it is beginning to reopen select stores in a phased approach, including limited-capacity shopping and/or curbside pick-up options as state guidelines allow.
