SGB Update Apparel
Legacy Global Sports Appoints CEO Of Global Premier Soccer
Legacy Global Sports announced Keith Caldwell as chief executive officer of Global Premier Soccer (GPS).
Golf Town Signs Canada’s Winningest Professional Golfer
Golf Town, Canada’s largest golf retailer, and Brooke Henderson, Canada’s winningest professional golfer, announced that they have extended their long-standing partnership to a three-year agreement.
Puma Signs Current Long Jump World Champion
Puma signed current long jump World Champion Tajay Gayle.
Under Armour To Retire UA Record
Under Armour said UA Record, its mobile app for tracking fitness and weight changes, will be retired on March 31, 2020 and will no longer operate. Users who have been tracking workouts on UA Record are being encouraged to transition to MapMyFitness app.
Walmart’s Chief Merchant Exits
Walmart’s chief merchandising officer, Steve Bratspies, will be departing. Scott McCall, currently Walmart’s merchandise manager for toys, entertainment and seasonal goods, will succeed him.
Patrick Mahomes Leads NFL Jersey Sales
Patrick Mahomes has moved into the No. 1 position on the NFLPA’s official list of top-selling players, based on sales of all officially licensed NFL player-identified merchandise from March 1-November 30, 2019. Tom Brady has led jersey sales the past two seasons.
Felix Capital Raises $300 Million In Funding
London-headquartered Felix Capital, which has already invested in the likes of Peloton, Highsnobiety, Farfetch and Goop, has raised an additional $300 million to continue its strategy of investing in digital lifestyle brands.
Milliken To Acquire Borchers
Milliken & Company, which acquired Polartec in June 2019, signed an agreement to acquire Borchers Group Limited, a specialty chemicals company known for its coating additives and specialty catalyst solutions.
Puma Signs First American Professional Soccer Team
New Mexico United announced a new partnership with Puma, becoming the first American professional soccer team to partner with Puma.
Fanatics Partners With Miami Marlins
The Miami Marlins and Fanatics announced a 10-year omnichannel retail partnership. The deal represents the fourth MLB club to partner with Fanatics.
Fleet Feet To Open Two Locations In Texas
Fleet Feet announced its plans for expansion in Texas in 2020 with the opening of two new locations. The first location will open in San Antonio in March and will become the third San Antonio store for the brand. The second location will open in Plano in April and will mark the first Fleet Feet location in the Dallas area.
JCPenney To Close Six Stores This Spring
JCPenney will close six stores by April 24. The stores are in Montana, New York, North Carolina, Ohio, Oklahoma and South Carolina.
Moody’s Sees Continuing Challenges For Department Stores In 2020
Moody’s, in a new report, predicted that “another dismal year” for U.S. department stores will accelerate change in 2020. The sector heavily underperformed the broader retail industry last year despite continued investments and offering updates, the still-solid growth of the U.S. economy and strong consumer spending.
CODI’s Debt Ratings Upgraded
The corporate family debt ratings of the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe were upgraded to Ba3 from B1 and the probability of default rating (PDR) lowered to Ba3-PD from B1-PD.
Under Armour To Introduce Joel Embiid Signature Shoe
Philadelphia 76ers All-Star center Joel Embiid announced he will launch his first signature shoe with Under Armour later this fall.
