SGB Update Apparel
RYU Apparel Closes Final Tranche Of $6 Million Private Placement
RYU Apparel Inc., the fitness apparel specialist based in Vancouver, announced that it has closed a final tranche of the non-brokered private placement financing of up to 80 million units at a price of $0.075 per unit for gross proceeds of up to $6 million.
Umbro Extends Deal With Everton
Umbro signed a multi-year extension with Everton, the Liverpool soccer team that competes in the Premier League.
JCPenney To Close 27 Stores In 2019
JCPenney announced plans to close 27 stores this year. The closures include 18 full-time department stores and nine home and furniture shops.
Puma Signs Long-Term Partnership With Valencia CF
Puma announced a new long-term partnership with Valencia CF, one of Spain’s most successful soccer teams.
Nike Accredited For Fair Labor Practices
The Fair Labor Association (FLA) announced that its board of directors voted to re-accredit Nike’s social compliance program, the third FLA accreditation for the company.
Zoot Sports Launches TeamZoot Camps
Zoot Sports, the specialist in triathlon training and race day apparel, saw over 50 athletes attend its inaugural U.S. Team Zoot Camp in San Diego.
Lululemon To Repurchase Shares from Advent International
Lululemon Athletica Inc. announced that it has agreed to repurchase one million shares of its common stock in a private transaction with funds affiliated with Advent International Corporation.
Hastings College Teams Up With BSN Sports, Nike
Hastings College based in Nebraska entered into a multi-year partnership agreement with BSN Sports to supply athletic apparel and equipment through Nike.
Talkoot Secures $1.65 Million In Seed Funding
Talkoot, a cloud-based content production platform that works with Adidas, Mountain Hardwear, Dr. Martens and other active lifestyle brands, announced that it has closed a $1.65 million seed round of finance to accelerate sales and marketing and drive product development.
Gildan To Take Impairment Charge Related to Heritage Sportswear
Gildan Activewear Inc. announced that it expects to take a charge of approximately $19 to $23 million in the first quarter of 2019, related to the impairment of a trade receivable from Heritage Sportswear, one of the company’s U.S. distributor customers within the imprintables channel.
Lululemon’s Q4 Profits Soar
Lululemon Athletica Inc. reported earnings on an adjusted basis in the fourth quarter rose 35.8 percent, easily topping Wall Street’s target, as comps vaulted 17 percent on a currency-neutral basis. For the year, the retailer said it achieved several of its 2020 goals ahead of schedule.
Dick’s Taking Software In-House
Dick’s Sporting Goods is seeking to move all its software in-house as opposed to relying on third-party vendors, in an attempt to particularly help its online push, according to a report in the Wall Street Journal.
Banana Republic Taps Jared Goff As Ambassador
Banana Republic announced a new partnership with professional quarterback Jared Goff, a two-time NFL Pro Bowl selection and the fastest number one overall draft pick in the history of the league to advance to the Super Bowl.
Lululemon Signs Nick Foles As Ambassador
Lululemon has signed Nick Foles, the MVP of Super Bowl LII in February 2018 after leading the Philadelphia Eagles to a NFL championship, as its first major league sports ambassador to supports its men’s line.
NBA Experience Tips Off August 12 At Walt Disney World Resort
NBA Experience, the new destination coming to Disney Springs at Walt Disney World Resort, officially opens August 12, 2019.
