SGB Update Apparel
VF Corp.’s Q4 Sales Sink 11 Percent
VF Corp. reported revenue in the fourth quarter ended March 31 decreased 11 percent on a reported basis and fell 10 percent in constant dollars. Among key brands, currency-neutral sales were down 6 percent at Vans, 13 percent at The North Face, 18 percent at Timberland, and 2 percent at Dickies. Companywide sales and adjusted earnings both missed Wall Street’s targets.
Nike Partners With The University Of Indianapolis
The University of Indianapolis athletics department entered into a multi-year partnership with Nike through BSN Sports. The agreement, which will commence on July 1 is part of BSN Sports’ Collegiate Select program.
Columbia Sportswear To Reopen 30 U.S. Stores With An Eye On Safety And Helping Communities
Columbia Sportswear Co. will reopen 30 Columbia branded stores in ten states on Friday, May 15, 2020, bringing back more than 250 of its furloughed retail workers.
Under Armour Partners With The University Of Texas Rio Grande Valley
Under Armour has become the official athletic footwear, apparel and accessory brand of the University of Texas Rio Grande Valley (UTRGV) in a collaboration with BSN Sports.
Revolve Group’s Q1 Sales Improve 6 Percent
Revolve Group, Inc., a fashion e-tailer aimed at Millennial and Generation Z consumers, reported sales rose 6 percent in the first quarter to $146.1 million from $137.3 million a year ago.
Under Armour Amends Credit Agreement
Under Armour, Inc. entered into an amendment to its loan with JPMorgan Chase Bank that suspends the interest coverage covenant and lowers the debt to EBITDA ratio requirement under its leverage covenant.
Moosejaw, Walmart Collaborate To Launch Two Outdoor Brands
Moosejaw, in collaboration with Walmart, is introducing two gear and apparel lines, Lithic and Allforth. The brands mark the first product collaboration between the two companies since Walmart acquired Moosejaw in 2017.
NRI Distribution Hires Marketing Manager
NRI Distribution, a third-party logistics (3PL) provider for aspirational lifestyle brands, hired Kelley Meidroth to a newly created marketing manager role. NRI also unveiled a new website and reported positive e-commerce news.
REI To Open New Store In South Carolina In August
REI plans to open a store in the BullStreet District of Columbia, SC in August. The opening had been expected in May but was delayed in response to COVID-19.
L.L. Bean Reopens Bike, Boat, Hunting And Fishing Stores In Freeport
L.L. Bean has re-opened its Bike, Boat & Ski Store and its Hunting & Fishing Store in its home town of Freeport, ME. The openings are in line with guidelines provided by Maine officials that deemed bike shops, fishing supply stores, and federally licensed firearms dealers as essential retailers.
PeopleForBikes Adds 60 New Member Companies
PeopleForBikes reported that 60 bike businesses have joined the industry coalition as new members since the organization merged with the Bicycle Product Suppliers Association (BPSA) in 2019.
Patagonia Sees Stores Opening In June At The Earliest
Patagonia does not anticipate opening any locations for in-store shopping until June, at the earliest, and it’s prepared to wait until the fall, or even early winter, according to a report in the New York Times.
Iconix’s Q1 Revenues Slump 22 Percent
Iconix Brand Group, the parent of Starter, Danskin and a number of other fashion and active brands, reported a loss after impairment charges in the first quarter on a 22 percent sales decline due, in part, to pressures from COVID-19. Iconix said it signed 41 license deals during 2020 and is making progress in improving its cost structure.
TJX Cos. Begins Reopening Stores
TJX Cos., the parent of TJ Maxx, Marshalls and Sierra, has started to reopen stores with a focus on safety. Associates are being required to wear face masks and social distancing work practices are being implemented.
Russell Athletic Expands “Hope for Hospitals” Initiative
Russell Athletic is further expanding its Hope for Hospitals initiative by dedicating up to $700,000 of product donations for the duration of the campaign.
