Under Armour Believes North America Has Stabilized
Under Armour’s earnings and sales that topped analysts’ expectations due to healthy overseas growth and efficiencies gained from its extensive restructuring efforts and stringent inventory controls. The most encouraging sign, however, was that the North America region is stabilizing.
Gildan Activewear Q1 Dragged Down By Lower Imprintables Restocking
Gildan Activewear reported a steep decline in earnings in the first quarter, as expected, as sales were impacted by lower levels of distributor restocking. Higher raw material and other input cost pressures also pressured margins.
Under Armour Swings to Profit, Boosts 2019 Outlook
Under Armour Inc reported stronger-than-expected first quarter earnings while boosting its full-year earnings guidance, as solid overseas demand offset a fall in North American sales.
Champion Drives HanesBrands’ Q1 Gains
HanesBrands Inc. reported net sales in the first quarter increased 8 percent on strength of 10 percent constant-currency organic growth, including global Champion constant-currency sales growth of 75 percent.
Unifi Lowers Outlook Again
Unifi Inc. for the third quarter in a row lowered its outlook for the year due to competitive pressures in the polyester space, especially from low-cost imports heading into the U.S.
Gildan Activewear’s Q1 Earnings Plunge
Gildan Activewear reported net earnings dropped 66.6 percent in the first quarter on a decline of 3.6 percent in revenues. The company said results were in line with expectations and it maintained its adjusted earnings guidance for the year.
Modell’s Appoints CFO
Modell’s Sporting Goods has officially hired David Stern to the role of executive vice president and chief financial officer. Stern will play an intricate role in strategic planning and growth opportunities for Modell’s while overseeing the finance and information technology departments.
Big 5 Delivers Robust First Quarter But Weak Outlook
Big 5 Sporting Goods Corp. delivered a strong first quarter as cold weather boosted its winter business. But the California-based sporting goods chain also warned of a loss in the current quarter due to a later Easter this year and also warned that overall sales appear soft.
Adidas Partners With Little League Baseball And Softball
Little League Baseball & Softball and Adidas announced a multi-year partnership in which the Portland, OR-based company will be Official Sponsor & Supplier of uniform, footwear & coaches apparel. Adidas replaces Russell Athletic.
Cotopaxi Announces New VP Of Design
Cotopaxi, a Certified B Corp that creates outdoor products and events, named industry veteran Evie Moe as new VP of design.
Foot Locker Partners With Champion On Esports Initiative
Foot Locker Inc. announced a collaboration with Champion Athleticwear and five top tier esports teams.
Puma Hires New SVP, Wholesale, North America
Puma appointed John Miller as senior vice president, wholesale for Puma North America.
Unifi Lowers Full-Year Guidance On Import Pressures
Unifi Inc. reported a net loss in the third quarter ended March 31 and reduced its earnings guidance for the year. The yarns specialist said it’s being hurt by foreign currency headwinds and pricing pressures from increased imports of polyester textured yarn from China and India.
PVH To Make Nike-Branded Underwear
PVH Corp. entered into a licensing agreement with Nike Inc. for the design, sourcing, marketing and worldwide distribution of Nike-branded men’s underwear.
USA Swimming Hires Chief Commercial Officer
USA Swimming, the national governing body for the sport of swimming in the U.S., hired Shana Ferguson, a former Under Armour executive, as its new chief commercial officer (CCO).
