HanesBrands Reports In-Line Results For Second Quarter
HanesBrands, the parent of Champion, Hanes and Gear For Sports, reported operating profits showed a modest gain excluding acquisition-related and integration charges in the second quarter but management said it remained confident that organic growth would resume in the second half.
Delta Apparel Sees Q3 Earnings Jump
Delta Apparel Inc. reported earnings per diluted share of 57 cents on net sales of $104.3 million for its fiscal third quarter ended July 1, 2017, compared with earnings of 32 cents per diluted share on net sales of $111.6 million in the prior year third quarter.
Big 5’s Q2 Sales Miss Targets
Big 5 Sporting Goods reported earnings in its second quarter rose 33.3 percent on improving gross margins and a 0.8 percent gain in same-store sales. But sales were lower than expected due to weakness in certain outdoor product categories related to firearms, camping and water sports.
Under Armour Axes 277 Jobs Amid Restructuring
Shares of Under Armour fell $1.88, or 10.4 percent, to $16.23 Tuesday after the company reduced its annual sales and earnings forecast while announcing a restructuring plan that includes the layoff of 277 employees.
Icebreaker Onboards New Leadership In North America
Josh Vaughan takes the helm as head of wholesale in the region, while Trudie Abel becomes the new head of marketing North America, where her office has made three additions to its marketing cadre.
Decathlon To Open Store In San Francisco
Decathlon, the French sporting goods giant, is opening a store on 735 Market Street in San Francisco, marking its return to U.S. retailing.
Fabric Technology: Dupont Intexar
DuPont Advanced Materials announced its newest generation of stretchable electronic inks and films for smart clothing at last week’s Outdoor Retailer Summer Market.
Backcountry And Zola Exclusively Launch Wedding Registry Partnership
Through Zola, engaged couples can now register directly for outdoor equipment from Backcountry. The online retailer’s customers can also register for gifts, experiences and cash funds on Zola.
Alp-n-Rock Adds Mid-Atlantic and Southeast Reps
Alp-n-Rock, LLC, a socially conscious manufacturer of European-inspired apparel, announced Allison Bangel Quinto as its new sales representative for the Mid-Atlantic and Southeast regions effective immediately.
Asics Launches I Move Me Brand Activation
Asics unveiled a new global brand message, identity, retail concept and integrated brand activation – the brand’s most significant marketing initiative to date.
Under Armour Reduces Outlook, Launches Restructuring
Under Armour Inc. reported second-quarter results that came in better than Wall Street’s targets but it lowered its outlook for the year while unveiling a restructuring plan that will result in job cuts.
DLTR In Talks To Merge With Villa
DLTR, an urban chain based in Hanover, MD, has reached an agreement to merge with Villa, an urban specialist based in Philadelphia.
Fanatics Partners With The Chicago Bears
The Chicago Bears announced a new long-term partnership with Fanatics to operate the team’s new and improved e-commerce platform.
Fanatics’ Raphael Peck Talks League Deals
While the industry’s major players have inked blockbuster licensing deals over the last two years, including Under Armour (MLB), Nike (NBA) and Adidas (NHL), Fanatics has more quietly secured part or all of the licensing rights for the fan piece of the licensing pie. Raphael Peck, president of Fanatics Branded, discusses the new NHL jersey set to launch this September and Fanatics’ ongoing vertical transformation.
Active Brands Boost Sequential Brands’ Q2
AND1 and Avia “continue to perform well at Walmart” while Heelys “remains a strong performer” with increased international and e-commerce sales.
