SGB Update Apparel
SportChek Sees Modest Growth In Q4
Canadian Tire Corp. reported sales of its SportChek segment were up 1.3 percent in the fourth quarter with comparable sales gaining 2.0 percent.
Report: Modell’s Hires Financial Advisors
Modell’s Sporting Goods has re-hired Berkeley Research Group “for a full-fledged balance sheet restructuring” and Cole Schotz for legal advice with plans “for a potential in-court restructuring,” according to a report from Debtwire.
OBIT: Timberland’s Cassie Heppner
Catherine “Cassie” Heppner, a marketing executive at Timberland, has been identified as the woman fatally stabbed Sunday at Timberland’s headquarters in Stratham, NH. Timberland said in a statement, “Cassie was truly one-of-a-kind, and her passing leaves a void that will never be filled.” We extend our deepest condolences to her family and loved ones.”
Report: Stage Stores Exploring Bankruptcy
Stage Stores is preparing for a financial restructuring that could include a bankruptcy filing, according to The Wall Street Journal.
Nordstrom’s Paige Thomas To Run Saks Off 5th
HBC appointed Paige Thomas as president of Saks Off 5TH, effective immediately. Thomas most recently served as executive vice president, general merchandise manager, full-price – men’s and kids at Nordstrom Inc.
Kohl’s Eliminates 250 Corporate Positions
Kohl’s Corp. is eliminating 250 corporate positions and making executive changes as part of a restructuring.
HanesBrands Recognized For CSR Work In Latin America
HanesBrands has earned two of the most prestigious awards in Central America and the Caribbean for best practices in corporate social responsibility.
PVH Corp. Provides Updates On Business Impact Of Coronavirus
PVH Corp. announced that it is working with local authorities to ensure the health, wellness and safety of its associates and business partners in connection with the coronavirus outbreak in China.
PXG Opens Store In Edina
PXG, the maker of golf equipment and apparel, opened its fifth brick-and-mortar location in the United States.
Mizuno’s Sales Slide In Nine Months
Mizuno Corp. reported revenues in the nine months ended December 31 declined 3.9 percent. Sales in the Americas grew 8.6 percent.
Nike Releases Fiscal 2019 Impact Report
Nike Inc released its latest Impact Report covering its fiscal year 2019. The report details the progress the company is making to reach its diversity & inclusion, community and sustainability targets for 2020.
Brooks Sports Sues Brooks Brothers For Trademark Infringement
Brooks Sports Inc. filed a lawsuit against Brooks Brothers Group Inc. in federal court for breach of contract, unfair competition and trademark infringement.
Under Armour Misses Q4 Targets And Delivers Weak Outlook
Under Armour Inc. reported an unexpected fourth-quarter loss and missed Wall Street estimates for its revenues. The company also warned of soft 2020 results and said it’s considering another massive restructuring initiative to rebalance its cost base.
TIA Partners With Association Management Company, Bostrom
The Tennis Industry Association (TIA) announce that as of February 8, 2020, Bostrom has been named TIA’s management company.
Michael Avenatti Won’t Testify At Nike-Extortion Trial
Michael Avenatti chose Monday not to take the stand in his own defense as the New York trial over his alleged extortion of Nike comes to a close.
