SGB Update Apparel
Reebok Launches First Loyalty Program
Reebok launched its first loyalty program, Unlocked, featuring both experiential and product-based benefits.
Gildan Announces Board Of Directors Leadership Succession Plan
Gildan Activewear Inc. announced that its board of directors has approved the appointment of Donald C. Berg as chairman of the board effective May 2, 2019, contingent upon his reelection to the board at the company’s annual shareholder meeting to be held that day.
First Ever Marika Branded Store Opens Inside Baltimore Airport
Marika, the women’s activewear brand, announced the opening of its first branded retail store at the Baltimore/Washington International Thurgood Marshall Airport.
Minor League Baseball Launches National Retail Program
Minor League Baseball (MiLB) announced the creation of the largest retail program in Minor League Baseball history. The “Grilling All-Stars” program merges MiLB with local retailers and brands associated with a summer grill-out: Bush’s Beans, Scott Bath Tissue, Scott Paper Towels, Ball Park Buns and The Original Louisiana Brand Hot Sauce.
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.
