SGB Update Apparel
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.
Registration For 2020 Virtual Edition Of Texworld USA And Apparel Sourcing USA Opens
Texworld USA and Apparel Sourcing USA announced registration for the premier of its virtual edition is now open. The online system is the first of many steps in preparation for three days of product discovery, trend analysis and education, set to go live on July 21 to 23, 2020.
Dick’s Partners With Lindsey Vonn On Summer Scholarships
The Dick’s Sporting Goods Foundation partnered with The Lindsey Vonn Foundation (LVF) to give out $195,000 in Summer Scholarships.
VF Corp Donates More Than $10.3 Million To COVID-19 Relief Efforts
VF Corp., The VF Foundation, and the VF family of brands have donated more than $10.3 million in funds, products, and services worldwide to stem urgent medical needs, and help those struggling to cope in the face of the Coronavirus pandemic.
Kohl’s Q1 Sales Tumble 41 Percent
Kohl’s Corp. reported sales tumbled 40.6 percent in the first quarter to $2.43 billion from $4.09 billion a year ago. The department store operator has taken a series of measures to combat the pandemic, including cutting costs, lowering capex spending by about $500 million and suspending share buybacks and its quarterly dividend. It ended the quarter with about $2 billion in cash.
Outdoor Brands Invests In Public Lands Defense
The Conservation Alliance has awarded five grants from the organization’s Public Lands Defense Fund to groups working to defend the Roadless Rule, the National Environmental Policy Act, and Cascade Siskiyou National Monument. The awards were funded with the support of Velocio, Patagonia, and The North Face.
J.C. Penney Plans To Close 242 Locations
J.C. Penney, which filed for bankruptcy protection on Friday, plans to close 242, or 29 percent, of its 846 stores over the next two years, according to a filing with the Securities and Exchanges Commission.
Centric Brands Files For Bankruptcy
Centric Brands Inc., the apparel and accessories licensing firm, voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to execute a debt restructuring.
Monte Rosa Sports Acquires Odlo International
Monte Rosa Sports Holding has acquired Swiss-based apparel specialist Odlo International and its subsidiaries from Herkules Fund III.
