Gildan Activewear Inc. signed a definitive agreement to acquire Peds Legwear Inc. for $55 million, officials announced July 27.
Category: Apparel

Puma’s Q2 Sales Gain Momentum
Puma reported sales jumped 13 percent on a currency-neutral basis, led by the EMEA region with Americas sales ahead 5 percent. Operating earnings grew 75 percent, thanks to the sales improvement and lower operating expense rate.
NRF Raises Retail Sales Forecast for 2016
The National Retail Federation revised its forecast for U.S. retail sales growth to 3.4 percent in anticipation consumer spending will remain steady.
Dick’s Sporting Goods Announces Grand Opening in Minnesota
Dick’s Sporting Goods will be opening its 10th store in Minnesota and 653rd store nationwide on Friday, August 12 at Marketplace Shopping Center in Waite Park.
Dick’s Sporting Goods Announces Grand Opening in Wisconsin
Dick’s Sporting Goods announced on July 26, 2016 that it will be opening its 13th store in Wisconsin and 652nd store nationwide on Friday, August 12 in Wausau, WI.
Under Armour to Sell to Kohl’s
Under Armour revealed plans to start selling to Kohl’s starting in 2017 as well as open a mega-store in the famed FAO Schwarz flagship on New York City’s Fifth Avenue as early as 2018.
Ibex Partners with The Renewal Workshop
Ibex Outdoor Clothing announced themselves as a founding brand partner of The Renewal Workshop to refurbish Ibex’s “unsellable” returns and excess inventory, beginning in fall 2016.
Edelrid Announces Amazon Partnership
Announced July 26, 2016, EDELRID recently formed an exclusive retail partnership with NetRush of Vancouver, WA, a strategic agency that specializes in brand management on the Amazon marketplace.
Mountain Khakis Awards Ronnie Warner and JJ Anderson
Mountain Khakis announced Ronnie Warner as the 2016 “Rep of the Year” Award recipient and JJ Anderson as the “Life Untucked” Award recipient on July 26, 2016.

Will Skyn Condoms Be the Next Vibram of Activewear?
Skyn Condoms and its parent, Ansell, are collaborating with fashion designer Pauline Van Dongen to create an athletic concept garment under the moniker Skynfeel Apparel.
Gander Mountain Supports NSSF’s 2016 #GUNVOTE Campaign
Gander Mountain, in partnership with the National Shooting Sports Foundation (NSSF), announced its alliance with the NSSF’s 2016 #GUNVOTE campaign on July 26, 2016.
Wolverine Worldwide Exceeds Q2 Guidance
Wolverine World Wide, Inc. (NYSE: WWW) beat guidance for the second quarter ended June 18 by reporting revenue declined 7.4 percent to $583.7 million.

Under Armour’s Q2 Profits Slump on Sports Authority Charge
Under Armour Inc. reported earnings tumbled 58 percent in the second quarter, weighed down by a previously-announced $23 million write-off of bad debt from the Sports Authority bankruptcy. Revenues jumped 28 percent.
Unsecured Creditors Seek Speedy Sports Authority Liquidation
The Unsecured Creditors Committee in the Sports Authority bankruptcy case is requesting that the case be converted from a Chapter 11 proceeding to a Chapter 7 case.
Michael Jordan Donates $2M Amid Racial and Police Tensions
Michael Jordan announced the grants of $1 million each to two organizations working to build trust between law enforcement and local communities.