The American Apparel & Footwear Association (AAFA) announced Kevin M. Burke will step down as president and CEO, effective Jan. 21, 2014…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
RG Barry Explores Possible Sale
R.G. Barry Corporation reported that it has entered into a non-disclosure and standstill agreement with Mill Road Capital Management LLC in regards to the PE firm's potential bid to acquire the company. R.G. Barry owns Dearfoams slippers as well as B
Sunday Afternoons Appoints International Sales Chief
Sunday Afternoons, the technical and lifestyle headwear brand, appointed Robert Carroll as vice president of international sales and Greg Anderson as director of web marketing…
Lululemon Cuts Outlook on Ongoing Sourcing Issues
Shares of Lululemon Athletica tumbled last week after the yoga apparel retailer lowered its sales outlook for the year even as it reported higher third quarter earnings. Late deliveries; slower traffic and a weaker Canadian are said to be impacting the fo
Lululemon Names New CEO; Founder Chip Wilson to Resign as Chairman
Lululemon Athletica appointed Laurent Potdevin, president of the charitable shoe company Toms Shoes and a former long-time executive of Burton Snowboards, as its new CEO. It also announced that Chip Wilson, who founded the upscale yoga apparel retailer, w
DTLR Withdraws IPO Filing
DTLR Holding, Inc., formerly known as Downtown Locker Room, announced that due to an unspecified “business development,” it will not proceed with its planned initial public offering. The company declined to comment beyond its one-sentence statement…
Lululemon’s Q3 Earnings Climb 15 Percent
Lululemon Athletica reported net earnings increased 15.2 percent to $66.1 million in the third quarter ended Nov. 3 on a 20 percent increase in net revenue, which reached $379.9 million. Comparable store sales for the third quarter increased by 5 percent
Inov-8 Releases Anniversary Video
Rounding off its 10-year anniversary celebrations, Inov-8 has launched a new video on YouTube with Founder Wayne Edy detailing the footwear maker's meteoric rise…
GU Charity Campaign Passes $50,000
This June, in conjunction with the Challenged Athletes Foundation (CAF), GU Energy created “Challenge For Kids” in order to fill a critical need for children suffering from any limb-loss malady – from traumatic amputations to disease-state com
Wolverine World Wide Appoints Board Member
Wolverine Worldwide announced the appointment of Gina R. Boswell to the company's board of directors…
Puma Hires Advertising Agency
Puma appointed advertising agency JWT New York as its lead creative agency. Effective immediately, JWT will assume a leadership position over all Puma advertising and creative on a global basis…
Quiksilver Swings to Fiscal Fourth Quarter Loss
Quiksilver Inc. reported a loss of $175 million, or $1.04 per share, in the fourth quarter ended Oct. 31 due to a drop in revenue and a steeper income-tax provision. Total net revenues were $476 million compared with $529 million, and were down 9 percent,
2XU Launches Store-in-Store at TrySports
2XU debuted a store-in-store concept inside TrySports. TrySports, based in North Carolina, has provided 2XU with dedicated retail space in their South Park (350 square feet) and Chapel Hill (150 square feet) stores…
PVH 3rd-Quarter Profit Jumps 17 Percent
PVH Corp.’s third-quarter profit grew 17.3 percent to $196.7 million, or $2.37 a share, again boosted by its acquisition of Warnaco Group, which licenses the Speedo brand and Calvin Klein underwear and jeans. The $2.9 billion purchase was completed
Sports Direct’s 6M Revenues Climb 24 Percent
Sports Direct, the U.K. sporting goods chain, reported revenue grew 23.5 percent in the six months ended Oct. 27, to £1.34 billion ($2.2 bn). Profit before taxes improved 18.3 percent to £143.1 million (233.9 mm)…
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