SGB Today Apparel

UYN Opens Academy for Research and Engineering

Italy’s Unleash Your Nature (UYN) a Trerè Innovation company, officially opened its 38,000-square-foot Academy for Research and Engineering in Apparel and Sport (AREAS) adjacent to its global headquarters in Asola.

Sportsman’s Warehouse Acquisition Close To Clearing Hurdles

According to a regulatory filing, the statutory waiting period for regulatory approval of Bass Pro’s acquisition of  Sportsman’s Warehouse is scheduled to expire on February 5, 2021, although it may be extended by the Antitrust Division or the FTC.

Belk’s Debt Downgraded Over Missed Interest Payment

S&P Global Ratings lowered the debt ratings of Belk Inc. as the department store chain missed the interest payment due on its second-lien term loan and the scheduled amortization payment due on its first-lien term loan.

PGA Tour Superstore Achieves Record Sales For 2020

PGA Tour Superstore plans to open at least six new stores in 2021, reaching the 50-store milestone by the end of the year. The company also reported record comp-store sales growth while gaining market share for fiscal 2020 despite its brick & mortar doors being closed for nearly two months.

Belk Plans Bankruptcy Filing To Restructure Debt

On Tuesday afternoon Belk said it plans to file for Chapter 11 bankruptcy protection to complete a debt-for-equity exchange designed to reduce its debt load by $450 million. Suppliers are expected to be unimpaired.

Academy Sports Announces Secondary Offering Of Common Stock

Academy Sports and Outdoors Inc. announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy Sports.

Feetures Undergoes Executive Changes

Feetures announced executive changes as part of succession planning. The changes include national sales manager for footwear specialty retailers, Steve Hallinan, becoming key accounts manager, John Gaither becoming chief operations officer and Joe Gaither, executive vice president.

NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic

Retail sales during the 2020’s November/December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s (NRF) holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion.

Joint Statement From AAFA, NRF, RILA, USFIA In Response To Ban On Cotton Imports From XUAR

The American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association, and The United States Fashion Industry Association responded to the U.S. Customs and Border Protection’s (CBP) blanket Withhold Release Order (WRO) impacting all cotton and cotton products from the Xinjiang Uyghur Autonomous Region (XUAR).

Stock+Field Closing All Locations

Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.