SGB Update Apparel
Macy’s Earnings Top Guidance, To Cut 100 Jobs In Restructuring
Macy’s Inc. reported earnings on an adjusted basis dipped slightly in the fourth quarter but came ahead of updated guidance provided in early January. Macy’s also announced a restructuring plan that will will but 100 vice-president level or above roles, “to increase the speed of decision making.”
Fleet Feet Launches Rewards App
Fleet Feet announced the launch of its revamped customer rewards program in conjunction with a new app.
Downlite Appoints Chief Sales And Marketing Officer
Downlite, the manufacturer of down, feather and synthetic bedding products, and supplier of down to outdoor and apparel markets, appointed Lisa Pruett as chief sales and marketing officer.
Wilson Launches Team Shop Website
Wilson Sporting Goods has introduced a new Wilson Team Shop website that streamlines the process for coaches, parents and players ordering gear for the upcoming baseball and softball season.
Fila Announces Partnership With Tommy Haas
Fila announced that it has reached a sponsorship agreement with former World No. 2 ranked tennis star Tommy Haas.
Umbro To Sponsor Soccer Shots
Umbro has signed a multi-year deal to be the official apparel partner for Soccer Shots, an international franchise program that provides children ages two through eight with an age-appropriate soccer and character development experience.
Kathmandu Announces North American Sales Teams
Kathmandu, the New Zealand travel and adventure brand, announced new sales representation in the Pacific Northwest, Rockies, and Southwest by The Alta Group, Urban Outdoors, and Pacific Crest Trading accordingly.
Tariff Hike Postponed
On Sunday, President Donald Trump delayed the March 1 deadline to increase tariffs on Chinese goods, citing “substantial progress” during a week of trade talks in Washington, D.C. between U.S. and Chinese officials.
QuintSoul Hires West Coast Sales Manager
Quintsoul, the swimwear brand, has appointed Maria Barnes as west coast sales manager.
MLB Players Association Releases Statement Supporting New Era Workers
The MLB Players Association (MLBPA) issued a statement on Thursday in support of workers at the soon-to-be-closed New Era plant in Derby, NY. New Era earlier this month reached an agreement with plant workers on comprehensive severance benefits ahead of the plant’s scheduled closure in March.
Fitch Downgrades Newell Brands To Junk Status
Fitch Ratings downgraded Newell Brands Inc.’s long-term issuer default rating to BB-plus from BBB-minus, lowering it to speculative-grade, or “junk” status, from investment grade.
Arc’teryx’s Sales Grew 11 percent In 2018
Amer Sports issued its annual report review for 2018 that showed Arc’teryx’s sales grew 11 percent last year to drive growth across Softgoods, a strategic growth priority for the company.
Under Armour CEO’s Relationship With MSNBC Anchor Draws Scrutiny
The Wall Street Journal reported that Kevin Plank, Under Armour’s CEO, has been scrutinized by his board of directors for his personal relationship with MSNBC anchor Stephanie Ruhle and its impact on the company.
Lids Sports Group Acquisition Secures Financing
PNC Bank, N.A. announced the closing of a $140 million senior secured credit facility to support Maryland-based Ames Watson, LLC’s acquisition of Lids Sports Group (LSG). PNC Bank, N.A., served as administrative agent.
Under Armour Extends Partnership With Virginia Military Institute
Virginia Military Institute has extended its athletics apparel and footwear partnership with Under Armour. The agreement, which runs through 2022 with a two-year renewal option, continues the partnership that began in 2014.
