SGB Apparel

Under Armour Beats Q3 Targets, Reduces Full-Year Revenue Guidance

Under Armour reported quarterly earnings and sales that topped Wall Street’ estimates, but the company trimmed its revenue outlook for the full year, citing “traffic challenges” at the DTC channel and lower than planned excess inventory to service the off-price channel. The company expects earnings to reach the high end of its previous range.

Asics North America Sees Third Consecutive Quarter Of Growth

The third quarter of 2019 for Asics North America (ANA), which includes the United States, Canada and Mexico, showed positive quarterly and year-to-date growth driven by increased traffic to both online e-commerce, retail channels, according to a statement from Asics North America.

Asics’ North America Sales Flat In Q3

Asics showed a loss of ¥1.74 billion ($16.1 mm) in the North America region in the third quarter against a loss of ¥534 million a year ago. Sales in the quarter dipped 0.1 percent to ¥21.17 billion ($196 mm) from ¥21.19 billion.

Olympia Sports Selects Agent To Conduct Closing Sale For 76 Stores

Olympia Sports, the Maine based athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive agent to conduct “Store Closing” sales in 76 stores.  Olympia, which was recently acquired by sports retailer JackRabbit, will continue to operate its remaining 75 stores under the Olympia Sports’ banner.

Anta Partners With IOC

The International Olympic Committee (IOC) announced that Anta has become its official sportswear uniform supplier until the end of 2022 at a signing ceremony at the Olympic Museum in Lausanne, Switzerland.

Amazon Seen With Pricing Lead Heading Into The Holiday

Amazon is charging into the holiday shopping season with a strong appeal to consumer wallets, beating other U.S. online retailers on price by 20 percent, on average, across key product categories, according to Profitero’s latest study. Overall, Amazon prices were found to be 20 percent cheaper on average than other online retailers.

Unifi Q1 Revenues Dip 0.9 Percent

Unifi Inc. reported a 0.9 percent slide in sales in the first quarter ended September 30, in line with expectations. A 16 percent volume hike helped offset lower prices. Expense controls improved profitability.

New Balance Partners With Figs

New Balance launched its first capsule collection with medical apparel company Figs that will mark the brand’s first foray into medical apparel design.