SGB Update Apparel
JD Sports Sees Small Assist From Finish Line In Half, Tests Planned
JD Sports said its acquisition of The Finish Line in June resulted in a small contribution to both earnings and sales in the first half ended August 4. The U.K. sneaker retail giant said it planned to “test JD’s highly differentiated multichannel retail proposition in the United States with a small trial” while leveraging “JD’s recognised global market-leading standards” at Finish Line’s existing locations.
NRF Announces New Programming And Networking Opportunities At Shop.org
The National Retail Federation announced a series of new programs, guest events and networking opportunities at this week’s annual Shop.org conference, which will be held Tuesday through Friday in Las Vegas.
REI Co-op’s First Alabama Store Will Open In Huntsville In Fall 2019
REI Co-op is opening the company’s first location in the state of Alabama, bringing a wide assortment of quality gear and expertise for the region’s most popular outdoor activities to Huntsville in fall 2019.
Amer Sports Gets Takeout Bid From Anta
Amer Sports confirmed that the company received an indication of interest in an all-cash buyout from a consortium consisting of Chinese sports shoe company Anta and FountainVest Partners, a Hong Kong private equity group. The offer values Amer Sports at more than €4.6 billion ($5.3 bn).
Camping World Plans Co-Branded SuperCenter In Greenville
Camping World Holdings Inc.announced that the Overton’s showroom, located 111 Red Banks Road in North Carolina, will continue to operate with a multi-branded offering showcasing Overton’s water sport products, Gander Outdoors and Camping World products and services for the outdoor enthusiast in addition to Gander RV Sales.
Adidas Continues As Sponsor Of German Football Association
The German Football Association (DFB) and Adidas announced the extension of their partnership.
Dick’s Sets Grand Opening For Four Stores
Dick’s Sporting Goods will be opening four new Dick’s Sporting Goods stores in September. The stores are in Sarasota, FL; North Port, FL; Tucson, AZ and Schererville, IN.
China Vows Retaliation If Trump Adds More Tariffs
China said Monday it would retaliate against the U.S. if President Donald Trump imposes more tariffs on Chinese goods, further escalating the global trade war between the two nations.
Under Armour Partners To Turn Vacant Lots Into Playgrounds
Community organizations in Baltimore, Los Angeles and Philadelphia will receive grants totaling $330,000 from ESPN, Under Armour and LISC to help transform vacant lots into sports, recreation and play spaces.
Farfetch Expects To Raise $447 Million In IPO
London-based luxury online marketplace Farfetch expects to raise approximately $446.5 million in the company’s initial public offering, according to an updated regulatory filing.
Multi-Industry Coalition Urges USTR To Avoid Further Trade Escalation With China
The National Retail Federation and more than 150 organizations representing U.S. retailers, manufacturers, farmers, technology companies, natural gas and oil companies and other industries urged the Trump administration to avoid further escalation with China and warned of the negative impact of tariffs on American businesses, families and workers.
August Retail Jobs Increase Nearly 90,000 Over 2017
Retail industry employment in August increased by 89,100 jobs unadjusted over the same time last year despite a seasonally adjusted drop of 9,700 jobs from July, the National Retail Federation said Monday. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 201,000 jobs over July, the Labor Department said.
Lululemon Wins Lawsuit Over Alleged Patent Infringement
The Federal Circuit affirmed a Delaware federal court’s determination that Lululemon’s Run: Stuff Your Bra did not infringe on intellectual property covering a sports bra with an “innovative storage compartment,” according to Law360.
Untuckit Announces First International Store, Wayne Gretzky As New Partner
Untuckit, the creator of the original untucked shirt, announced today the opening of the company’s first international retail location in Toronto.
Augusta Sportswear Signs Paralympian As Newest Ambassador
Augusta Sportswear has signed Scott Winkler, a paralympian who has set records in the shot put, as a brand ambassador.
