SGB Update Apparel
Unifi Appoints CEO
Unifi Inc., the producer of recycled and synthetic yarns, announced that its Board of Directors has appointed Eddie Ingle as chief executive officer and a member of the Board of Directors effective July 1, 2020.
VF Sees Fiscal 2020 Just Missing Expectations
VF Corp. provided a revenue outlook for its year ended March 31 that was slightly below Wall Street expectations in conjunction with a debt offering. Earnings guidance likewise was slightly below average estimates.
Mountain Hardwear Supports Retail Partners With Commission Program
Mountain Hardwear is launching a program that enables retailers to receive a 40 percent commission on any transactions they can generate leads for on mountainhardwear.com. The amount is similar to what a traditional sale may earn for the retailer.
Sporting Goods Leaders Rank High For Transparency
Adidas, Nike, VF Corp, Patagonia and Puma ranked among the world’s most transparent major fashion brands, according to the 2020 Fashion Transparency Index from the campaign group Fashion Revolution.
New Era Undergoes Furloughs
New Era Cap Company announced it will temporarily furlough most of its U.S. workers, according to The Buffalo News.
Bass Pro’s Johnny Morris Donates 1 Million Face Masks To Healthcare Workers
Convoy of Hope, a not-for-profit supporting disaster relief, announced Bass Pro Shops Founder Johnny Morris is personally donating one million FDA-approved ASTM Level 1 Procedure Face Masks to healthcare workers and first responders working on the front lines of the COVID-19 crisis across the U.S.
Adidas Signs Tua Tagovailoa
Adidas signed an endorsement deal with former Alabama quarterback Tua Tagovailoa, who is expected to be one of the first players selected in the 2020 NFL Draft.
Retail Trade Groups Applaud Tariff Relief
The National Retail Federation, Retail Industry Leaders Association and U.S. Chamber of Commerce all applauded the Trump administration’s move to postpone some tariff collections for 90 days amid the COVID-19 pandemic.
NFL Signs Merchandising Deal With Gaming Company
FaZe Clan, the gaming organization, partnered with the NFL on limited-edition “Draft-A-Thon” collection “Draft-A-Thon.” The alliance marks the NFL’s first-ever apparel collaboration with a gaming organization.
Fanatics Partners With NBA To Make Team-Branded Facemasks
Fanatics has partnered with the NBA to make cloth face coverings featuring NBA team and league logos to benefit Feeding America in the U.S. and Second Harvest in Canada.
VF Corp.’s Debt Rating Outlook Revised To Negative
Standard & Poors Corp. revised its debt rating outlook on VF Corp. to negative. The rating agency said it expects VF’s operating results to be “significantly weaker” than it expected due to the economic fallout from the spread of the coronavirus.
Nike Signs 2020 WNBA First Draft Pick
Nike has signed Sabrina Ionescu, who was selected first overall in the 2020 WNBA draft and has been the most hyped women’s basketball prospect in recent years.
Neiman Marcus Could File For Bankruptcy This Week
Neiman Marcus Group is preparing to file for bankruptcy as soon as this week, Reuters reported Sunday.
Academy Sports’ Debt Ratings Downgraded
Moody’s Investors Service downgraded Academy, Ltd.’s corporate family rating (CFR) to Caa2 from Caa1 and probability of default rating (PDR) to Caa3-PD from Caa1-PD.
Todd Spaletto Out At Wolverine World Wide
Wolverine World Wide reported that Todd Spaletto and the company mutually agreed he will resign as president of WWW’s Michigan Group on or before May 30, according to a regulatory filing.
