SGB Update Apparel
Delta Apparel Included In Russell 3000 And Small-Cap Russell 2000 Indexes
Delta Apparel Inc. announced that it has been included in the preliminary list of additions to join the broad-market Russell 3000 Index after market close on June 28, 2019. The various Russell indexes are reconstituted annually to reflect the 4,000 largest US stocks based on total market capitalization.
Bass Pro, Bluegreen Vacations, Settle Dispute Over Timeshare Sales Tactics
Bluegreen Vacations, the timeshare marketer based in Boca Raton, FL, will pay more than $40 million to Bass Pro Shops to settle a dispute over Bluegreen’s alleged high-pressure sales tactics. The settlement allows Bluegreen to resume sales at kiosks inside Bass Pro’s locations.
Lord & Taylor’s President Exits
Lord & Taylor’s president, Vanessa LeFebvre, is leaving.
Champs Sports Introduces Women’s Concept
Champs Sports, which is owned by Foot Locker Inc., has created an in-store shop concept called Champ Sports Women offering lifestyle-inspired footwear, apparel and accessories, with an emphasis on an active, healthy lifestyle, according to a report from Women’s Wear Daily.
Retailers Again Warn Trump About Tariffs
A group of more than 600 companies and trade associations have signed a letter to the president asking him to end the trade war with China and to drop tariffs.
VF Corp. To Shutter Alameda Facility, Lay Off 52
VF Corp. will eliminate 52 positions at its Alameda Warranty Center located at 2321 North Loop Road in Alameda, CA.
Nike Renews Contract With Syracuse
Nike will continue its more than 30-year relationship with Syracuse University as part of a new multi-year agreement.
Citi Trends’ CEO To Depart
Citi Trends, Inc. announced chief executive officer Bruce Smith has decided to resign from his position as CEO. However, in order to provide for an orderly transition, Smith has agreed to continue to serve as CEO until the earlier of when his successor is in place or February 1, 2020.
New Balance Celebrates Kawhi Leonard With New Billboard In Toronto
New Balance Basketball celebrated Kawhi Leonard’s MVP performance and Toronto’s first-ever championship by posting a new “Board Man Gets Titles” billboard in Toronto. New Balance signed Leonard to an endorsement deal in November 2018 to mark its return to basketball.
Former Nike Marketing Exec Joins MasterClass
MasterClass, the online education company, announced the appointment of David Schriber as chief marketing officer. Schriber most recently served as vice president, Global Brand Experience, Creative, and Innovation at Nike.
Moody’s Maintains Foot Locker’s Ba1 Rating
Moody’s maintained Foot Locker’s Ba1 corporate family rating after a periodic review. The rating agency noted the retailer’s “solid credit metrics and low level of funded debt, well-recognized brand names, meaningful scale, geographic diversification, and very good liquidity.”
Patagonia Creates Mail-in Trade-In Program
Patagonia is now allowing consumers to mail in their used Patagonia clothing for credit as part of its Worn Wear program. Previously, customers had to bring the Patagonia products they are no longer using to their local Patagonia store.
Gap Inc. Announces 100 Percent Sustainable Cotton Goal
Gap Inc. announced that it will derive 100 percent of its cotton from more sustainable sources by 2025 across its banners.
Evo To Build Campus SLC In Salt Lake City
Seattle-based outdoor and action sports retailer Evo, in partnership with Lake Union Partners, has announced its most ambitious project to date, Campus SLC, a collection of complementary businesses designed to drive community around a shared passion for outdoor culture.
The North Face Launches First-Ever Grant For Women Filmmakers
The North Face on Tuesday officially launched its inaugural Move Mountains Filmmakers Grant – a program created to address the inequitable representation of women behind the camera.
