SGB Update Apparel
Under Armour Appoints Two To Senior Management Team
Under Armour Inc. on Tuesday announced two new additions to the company’s senior management team with the appointments of Alessandro de Pestel as chief marketing officer and Ann Funai as senior vice president, engineering.
Sears’ CEO Urges Broad Debt Restructuring
Sears Holdings Corp CEO Eddie Lampert’s hedge fund in a regulatory filing called on Sears’ board to sell $1.5 billion more in real estate and restructure $1.1 billion in debt in order to stave off a bankruptcy filing.
Bill Murray’s Golf Apparel Company Signs Office Lease In East Austin
William Murray Golf, a golf apparel company owned by actor and comedian Bill Murray and his six brothers, have leased an office space at 1308 E. Seventh St., Austin, TX.
U.S. Polo Assn. Named Official Apparel Sponsor Of China Open Polo Tournament
USPA Global Licensing Inc. (USPAGL), the official licensing arm and broadcaster of the United States Polo Association (USPA), along with its China licensing partner, Yicai Brands Management, announced that U.S. Polo Assn. will be the official apparel sponsor of the 2018 China Open Polo Tournament.
Brooks Offers Runners Incentives For Twin Cities Marathon
Brooks Running Company is inviting marathoners and 10 milers to participate in the “Outrun Yourself Challenge,” which encourages runners to strive for a new goal. Runners who improve their overall race time from 2017 will be awarded for their accomplishment with prizes including Brooks gear and entry into the 2019 Medtronic Twin Cities Marathon.
Boulder Cycle Sport Merges With Boulder Nordic Sport
Boulder Cycle Sport and Boulder Nordic Sport, two Boulder-based retail leaders, announced the merger of their business operations.
Moody’s Downgrades Academy’s Debt Ratings
The downgrade of the term loan reflects the company’s lower estimated recovery rate as a result of the recent asset-based revolver upsize. At the same time, the affirmation of the CFR and PDR reflects Moody’s view that while leverage is likely to remain elevated, Academy’s good liquidity provides the company with flexibility to turn around its operating performance.
Nike Celebrates Tiger Woods First Win In Five Years
Nike released some clever imagery honoring Tiger Woods and his victory at the recent PGA Tour Championship, his first PGA event win since 2013.
Farfetch Soars In IPO Debut
Shares of Farfetch, the London-based luxury online marketplace, jumped more than 50 percent in the company’s initial public offering debut Friday.
Asics Funds Five Startups Under Tenkan-Ten Inititiatve
Asics announced five start-ups to benefit from Tenkan-Ten, the growth catalyst program for businesses disrupting the sports and wellbeing sector. It is a part of the company’s recently launched new business and innovations division.
Asics Listed On Dow Jones Sustainability Asia/Pacific Index
Asics Corporation has been selected for the fourth time as a component company of the Dow Jones Sustainability Asia/Pacific Index. The Dow Jones Sustainability Indices (DJSI) are a series of globally-recognized Socially Responsible Investment (SRI) indices.
Varsity Brands Launches Fourth Annual School Spirit Awards
Varsity Brands announced the launch of the company’s 2019 Varsity Brands School Spirit Awards, a national awards program celebrating student achievement in America’s high schools. Officially commencing today on National School Spirit Day, the Varsity Brands School Spirit Awards invites high schools nationwide to participate in National School Spirit Day by hosting on-campus pep rallies and sharing their school spirit on social media.
Champion To Open Store In Chicago
Champion Athleticwear is continuing to expand the company’s retail footprint with the company’s first store in Chicago and the company’s third in the U.S. overall. The store is at 1520 North Milwaukee Avenue.
NFL Experience In Times Square To Close
The Times Square-based NFL Experience—a 40,000-square-foot attraction featuring a 4-D roller-coaster theater—is closing doors on September 30 after being open for just 10 months, according to the New York Post. The project—a joint venture between the NFL and Cirque du Soleil—was not able to meet its financial goals.
Athleta to Introduce Men’s Athleisure Line
Gap Inc. announced the launch of Hill City, a men’s athleisure brand. Hill City is slated to launch mid-October available exclusively at hillcity.com, and pieces from the brand will also be displayed at 50 select Athleta locations.
