SGB Update Apparel
Nike Commits $40 Million To Black Communities
Nike said on Friday it will be committing $40 million over four years to support black communities on behalf of the Nike, Jordan and Converse brands collectively. This commitment will be focused on investing in and supporting organizations that put social justice, education and addressing racial inequality in America at the center of their work.
J.C. Penney Identifies 154 Stores To Close
J.C. Penney Company Inc, which filed for bankruptcy protection on May 15, has identified 154 stores it plans to permanently close in the first phase of closings.
Athleta’s Q1 Sales Slide 8 Percent
Gap Inc. reported sales at Athleta were down 8 percent in the first quarter. Store sales were down 50 percent with online sales up 49 percent.
NBA Approves Format To Restart Season With 22 Teams
The NBA Board of Governors approved a competitive format to restart the 2019/20 season with 22 teams returning to play and a tentative start date of July 31. The Board’s approval is the first formal step among many required to resume the season.
Wigwam Mills Reopens Factory With New Generation At The Helm
Wigwam Mills Inc. has reopened its factory as Wisconsin’s stay-at-home restrictions have been eased by Wisconsin Governor Tony Evers. In addition, the Wigwam Board of Directors announced that leadership of the 115-year old brand has shifted to the fourth-generation siblings Chris Chesebro and Margaret Newhard.
Nike’s “Don’t Do It” Ad Earns Wide Praise But Some Pushback
Nike’s new “Don’t Do It” ad has drawn solid support from viewers although it if falls short of the marketer’s 2018 Colin Kaepernick ads on a couple key measures, according to findings from Ace Metrix, which tracks advertising effectiveness.
Zumiez’s Q1 Sales Drop 35 Percent
Zumiez Inc. reported sales tumbled 35.3 percent in the first quarter ended May 2 and slid 8.6 percent in May. The action sports retailer closed the quarter with 9 percent of its stores opening and ended the month of May with 69 percent open.
Canada’s Sail Outdoors Files For Bankruptcy Protection
Sail Outdoors Inc., which operates 18 outdoor stores in Canada under the Sail and Sportium banners, has filed for bankruptcy protection in response to challenges posed by COVID-19 with a plan to restructure finances.
The Buckle’s Sales Drop 17 Percent In May
The Buckle Inc. announced that total net sales for the 4-week fiscal month ended May 30 decreased 16.8 percent to $51.2 million from net sales of $61.5 million a year ago.
G-III Apparel Group To Close Wilsons Leather And G. H. Bass Stores
G-III Apparel Group announced plans to close its 110 Wilsons Leather and 89 G.H. Bass stores. Separately, the company reported a first-quarter loss amid COVID-19 related revenue declines.
Duluth Trading Sees Modest Q1 Revenue Decline
Duluth Holdings Inc. the holding company of Duluth Trading, reported only a modest sales decline in the first quarter of May 3 as an acceleration of online sales helped to make up for store closures tied to COVID-19. Losses doubled in the traditionally-slow period for the brand.
The Running Event Confirms 2020 Dates
The Running Event has confirmed that it is moving forward with the 2020 planned event in Austin, Texas from December 1-3, 2020. TRE event registration will open in mid-August.
Columbia Sportswear Closes Stores During George Floyd’s Memorial Services
Columbia Sportswear in an internal memo said it will be closing all its stores for two hours during George Floyd’s memorial service, make donations to the NAACP Legal Defense Fund and the Marshall Project, and double-match contributions by employees to non-profits addressing racism.
MLS, Players Reach New Agreement, Sets Stage For Resuming 2020 Season
MLS and the MLS Players Association completed a new collective bargaining agreement on Wednesday after the MLSPA voted to approve a revised plan, paving a way for a return to play in July.
Nike Renews Sponsorship Of Stade Toulousain
Nike has renewed its sponsorship deal with Stade Toulousain, the French rugby club.
