SGB Update

Moody’s Cuts Eddie Bauer’s Debt Ratings

Moody’s Investors Service downgraded Everest Holdings LLC, the holding company of Eddie Bauer, due to revenue and operating earnings declines amid a highly promotional selling climate.

PF Flyers Celebrates 80th Anniversary

To celebrate 80 years of comfort, quality and style, PF Flyers has partnered with Brand Historian Alyasha Owerka Moore and Open-End Agency to take a look through the brand’s archives.

Hudson’s Bay To Cut 2000 Jobs

HBC, the parent of Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Gilt, announced its Transformation Plan focused on identifying efficiencies, streamlining processes and improving back-of-store productivity in North America.

RECALL: GT Mountain Bicycles

About 1,000 GT mountain bicycles sold in the U.S. as well as 240 sold in Canada from Cycling Sports Group are being recalled.

Lululemon Opens First Run-Centric Store

The location, called Le Local and located on Montreal’s Mile End, features only running apparel, bras and accessories but also serves as a community hub.

Nordstrom Exploring Going Private

Nordstrom Inc. announced that members of the Nordstrom family – company Co-Presidents Blake W. Nordstrom, Peter E. Nordstrom, and Erik B. Nordstrom, President of Stores James F. Nordstrom, Chairman Emeritus Bruce A. Nordstrom, and Anne E. Gittinger – have formed a group to explore the possibility of pursuing a “going private transaction.”