Emboldened by two successful private-label launches last year, Gildan Activewear Inc. will ramp up that segment of its business as soon as next quarter when the company unveils an underwear line for a high-volume customer that many analysts believe is Walmart.
Author: SGB Media
Point 3 Secures Investment From Baron Davis
Baron Davis, the former NBA star, recently made an investment in Point 3 Basketball, the specialist in basketball uniforms and socks, and has become its creative director.
Gildan Activewear’s Profits Jump In Q4
Gildan Activewear reported adjusted earnings rose 31.5 percent in the fourth quarter. Revenues jumped 13.6 percent, led by a 22.3 percent increase in activewear sales.
PVH To Acquire Australian Partner
PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited, its long term partner in Australia.
Garmin Steps Solidly Into Indoor Training Market With Tacx Acquisition
Shares of Garmin Ltd. jumped $12.09, or 17 percent, to $83.06 at market close Wednesday after the company earlier in the day reported fourth-quarter earnings well above Wall Street’s targets, driven in part by 25 percent growth in outdoor. But during the earnings call with analysts, it was Garmin’s recent acquisition of Tacx that caused the most excitement.
Sturm, Ruger & Co. Beats On EPS But Misses On Revenue
Sturm, Ruger & Co. Inc. reported fourth-quarter diluted earnings per share of 69 cents, beating Wall Street’s targets by 12 cents. Revenue for the quarter was $121.1 million, missing estimates by $3 million. For the corresponding period in 2017, net sales were $118.2 million and diluted earnings were 59 cents per share.
SportsEngine To Sponsor USA Hockey’s Try Hockey for Free Day
SportsEngine Inc., the country’s largest youth sports directory, is partnering with USA Hockey to promote participation in youth hockey across the United States during USA Hockey’s Hockey Week Across America.
Escalade’s Sales Climb In Q4
Escalade, Inc. reported 4.7 percent in the fourth quarter but operating earnings were flat due to acquisition-related expenses
Foot Locker To Ramp Up Capital Spending In 2019
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2019, compared to the approximately $200 million in 2018. The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives.
Manchester United, Marriott International Announce Global Marketing Partnership
Marriott International and Manchester United on Wednesday announced a multi-year marketing partnership, giving the 120 million members of the Marriott Bonvoy travel program exclusive opportunities for Manchester United football experiences—including the chance to become the club’s Stadium Announcer or Kit Manager for the day.
La Sportiva Continues Partnership With Access Fund Conservation Teams
La Sportiva and Access Fund, two organizations dedicated to climbing, have once again teamed up for 2019. La Sportiva has supported the Access Fund for many years and its conservation teams since 2017.
Arc’teryx Opens Store In Hong Kong
Arc’teryx continues to expand in Hong Kong with the recent opening of a new brand store. Already the brand’s third in Hong Kong, the store is located at the K11 shopping center, in the core area of Tsim Sha Tsui.
USA Gymnastics Appoints President
USA Gymnastics announced that Li Li Leung has been appointed president and chief executive officer . Leung most recently served as a VP at the National Basketball Association (NBA), where she has been responsible for managing key partner relationships.
RECALL: Turkey Fryers Sold By Academy
About 3,000 Outdoor Gourmet Turkey Keg turkey fryers sold by Academy Sports + Outdoors store are being recalled.
Altra Signs On As Title Sponsor of Tobacco Road Half Marathon
Altra is now the Title Sponsor of the Tobacco Road Half Marathon, which takes place on Sunday, March 17, 2019, in Cary, NC along with the Tobacco Road Marathon.
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