SGB Apparel

Retail Cargo Expected To Set Record In August

Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation.

Mike Ashley To Step Down As CEO Frasers Group

Frasers Group, the owner of Sports Direct, EMS and Bob’s Stores in the U.S., said Mike Ashley would step down as CEO next year. He will be succeeded by Michael Murray, who is head of elevation at Fraser Group.

HanesBrands Announces Strong Second-Quarter 2021 Results

HanesBrands Inc. announced results for the second quarter of 2021, with increased sales, operating profit and cash flow driven by strong performance across its global innerwear and activewear businesses. Activewear sales grew $236 million, or 140 percent over prior year driven by growth in both the Champion and Hanes brands.

Gildan Activewear Sees Sales Rebound In Q2

Gildan Activewear reported sales in the second quarter rose 225 percent over last year and were down approximately 7 percent from record second-quarter 2019 sales. Earnings topped Wall Street’s targets. The gains came despite supply chain constraints.

Nautica Partners With MS Apparel

Nautica, owned by Authentic Brands Group (ABG), has partnered with MS Apparel to introduce Nautica Angler, a new line of fishing and outdoor apparel.

Adidas Increases Full-Year Outlook As Top-Line Momentum Accelerates

Adidas AG said it now expects sales to expand up to 20 percent for 2021 after reporting currency-neutral sales grew 55 percent in the second quarter. Currency-neutral sales gains of 99 percent in EMEA and 87 percent in North North America helped offset a decline of 16 percent in Greater China.