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June 10, 2021


Retail Sales Forecast to Surge in 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.

Report: Sequential Brands Preps for Bankruptcy

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 Sees Outdoor Shift after Honeywell Deal

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.

Yue Yuen Sales Grew 6% in May

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 Raises Guidance Despite Supply Chain Woes

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 Shutting Down Eagle Creek

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.

Adidas Invests in Wood Textile Maker

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.

Jack Wolfskin Hires Footwear VP

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.

India Drops Li Ning Kit Sponsorship

The Indian Olympic Association has cancelled its contract with the Chinese sportswear maker as official uniform partner, citing public sentiment in the country.

HanesBrands and Amazon Sue Champion Infringers

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.

Etcetera: Fanatics, Accell, REI, TaylorMade, Ping, Crocs, Jenson USA

 
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