Li & Fung reported net profit attributable to shareholders rose 17 percent in 2013, to $725 million, aided by a turnaround in its U.S. business. Sales grew 3 percent to $20.7 billion. The Hong-Kong sourcing giant also proposed a spin off of its global bra
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Cushe Partners with Hoffman California Fabrics
Cushe Footwear, a division of Wolverine World Wide, announced the launch of Cushe x Hoffman Collection, a collaboration with legendary Hoffman California Fabrics, a company who has been creating authentic Hawaiian and Balinese prints that have helped defi
Nikes Supports Military Veterans
Team Red, White and Blue (Team RWB), a national nonprofit supporting military veterans, announced the support of Nike, Inc., who will serve as its official outfitter for athletic apparel…
McRae Industries’ Q2 Sales Rise Slightly
McRae Industries, Inc., the maker of military and western footwear, reported consolidated net revenues for the second quarter of fiscal 2014 of $26.6 million as compared to $26.1 million for the second quarter of fiscal 2013…
CMerit Hires Tim Bailey and Associates
CMerit, the footwear resource that sells Z. Cavaricci, Gotta Flurt as well as the Nord Trail hiker brand, hired agreement with Tim Bailey and Associates…
Nike’s Q3 Exceeds Street Targets, Futures Ahead 14 Percent
Nike Inc. reported earnings rose 3.5 percent in the third quarter, to $685 million, or 76 cents a share. Revenues advanced 12.7 percent to $6.97 billion. Both earnings and revenues surpassed Wall Street targets. Nike Brand revenues grew globally 14 percen
Shoe Carnival’s Q4 Profits Plunge
Shoe Carnival, Inc. reported profits fell 81.4 percent in the fourth quarter, to $598,000, or 3 cents a share, from $3.2 million, or 13 cents, a year ago. Comparable store sales for the 13-week period ended Feb. 1 decreased 2.5 percent as unfavorable weat
Headsweats Introduces the Honor Boston Collection
In remembrance of those affected by the 2013 Boston Marathon attacks, Headsweats has designed a limited edition Honor Boston headwear collection. Fifty percent of all sales from the Honor Boston Collection will be donated to The One Fund of Boston…
Louisville Slugger Forms Custom Uniforms Business
Louisville Slugger is entering the uniform business for the first time through a partnership with RAM Group, Inc., a Milwaukee-based apparel company with experience and expertise in custom dye sublimation…
Lululemon Launches After-Workout Collection
Lululemon has launched a new line of casual clothes for outside the yoga studio that includes sundresses, pants and tank tops. The collection, called “&Go,” targets women who are “out the door at daybreak and moving until midnight,” Lululemon states on it
Ahead Launches Collegiate Division
Ahead officially launched its collegiate division, Ahead Team, that will supply the college market with its premier brand of headwear…
Gander Mountain Celebrates Remodeled Peoria Store
Gander Mountain is celebrating its newly remodeled stores in Peoria, IL. The three-day grand opening weekend is Mar. 21-23…
Arnette Eyewear Appoints National Sales Manager
Arnette, the action sports eyewear brand, announced that industry veteran Nick Wozniak has been appointed as national sales manager. He was most recently at Sol Republic…
Iconix Brand Group Promotes Seth Horowitz to COO
Iconix Brand Group, Inc. announced several key management changes. They included the promotion of Seth Horowitz to chief operating officer and the appointment of Jeff Lupinacci as chief financial officer…
Nikita Clothing and Bonfire Snowboarding Appoint Brand Manager
Nikita Clothing and Bonfire Snowboarding hired Vicki Vasil as brand manager. Previously she served three years as Board Retailers Association’s director of marketing…
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