August 31, 2021 DSW Battles Back in Q2 Helped by Athletic
Net income at parent Designer Brands swung back to $42,860,000 after the prior year loss of $98,214,000, as sales were up 67% to $817,335,000 from $489,714,000, helped by store comps that improved 84.9%, after last year’s negative 42.7%. Caleres Sees Supply Chain Pressures Continuing
The bottom line swung to a record $37,396,000 net income in the second quarter from a $30,717,000 loss last year, on 35% higher revenues of $675,531,000 up from $501,448,000. Sequential Brands Group Files for Bankruptcy
The long-struggling brand licensor has filed for Chapter 11 protection in DE federal bankruptcy court, listing $442,774,937 of assets and $435,073,539 of liabilities. Erik Liedtke Launching Sustainable Streetwear Brand
The Big a’s former global brands chief is starting Unless, a new streetwear brand that aims to avoid fossil fuel-based textiles such as polyester, so that its products can decompose at the end of their life. Whoop Raises Another $200 Million
The fitness tracker company, which sells the Whoop Strap, raised $200 million at a $3.6 billion valuation in a Series F round led by SoftBank Vision Fund 2, bringing its total raise to $400 million. Pegasus’ Footwear Business is Growing Again
Pegasus Int’l turned a profit attributable to shareholders of $68,000 in the first half, against a loss of $2,551,000 last year, on 145% higher revenues of $3,479,000 up from $1,422,000. Nike Adds John Geiger to La La Land Suit
The Eager Beavertons amended their complaint in Cen. CA federal court against sneaker supplier, La La Land Production and Design, adding John Geiger Collection as a defendant. Etcetera: Athleta, Public Lands
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