June 10, 2021
The National Retail Federation took a more optimistic look at retail recovery with its June guidance updates, while Mastercard’s SpendingPulse is calling for a robust Back-to-School season.
Time has apparently run out for the perpetually struggling licensing company, which is now planning to liquidate under court supervision with an imminent bankruptcy filing, Bloomberg reported.
Rocky Brands said the addition of the Muck, XTRATUF, Servus, Neos and Ranger brands as pushing the company further into the fishing category and the booming outdoor market at large, in a discussion at Baird’s 2021 Global Consumer, Technology & Services Conference.
Total revenues expanded by 6% last month to $736,960,000 from $692,589,000, including a drop in retail sales against last year’s Chinese retail strength, but a big gain in footwear manufacturing.
Globe International said that it now expects sales of over A$250 million for the full fiscal year ending June 30, a huge gain over FY21’s A$151.7 million ($101.7 mm).
VF Corp. is closing down its Eagle Creek bag and backpack brand by the end of the year for financial and strategic reasons, Outside Business Journal first reported.
The Big A has taken a €3 million ($3.65 mm) equity stake in Finnish company Spinnova, which makes textile fiber out of wood or agricultural waste, according to Reuters.
As part of the strategic realignment under new CEO Richard Collier, Jack Wolfskin is strengthening its footwear division and making it a key focus with the hiring of footwear expert Selim Say as VP footwear, a newly created position.
The Indian Olympic Association has cancelled its contract with the Chinese sportswear maker as official uniform partner, citing public sentiment in the country.
Thirteen separate lawsuits were filed in Seattle, WA, federal court by the e-commerce giant and HBI, accusing 17 defendants of selling unauthorized Champion-branded silicone covers for earbud cases on Amazon Marketplace.