Gildan Activewear Trims FY Guidance on Currency Headwinds

While revenues grew double-digits, Gildan Activewear Inc.’s first-quarter earnings fell on previously-announced price reductions. The company also slightly narrowed its EPS guidance range for the year to reflect further foreign currency devaluation.

Department Stores See Soft Q1

Impacted by the harsh winter weather that extended into many parts of the country into February and March, delays related to a West Coast port dispute, and general softness in consumer spending, several department stores last week reported disappointing f

Kering Appoints CEO of Action Sports Brands

Kering, the parent of Puma, Volcom, Cobra, Electric and Tretorn, appointed Todd Hymel to the newly created position of CEO of Action Sports Brands, effective July 1. He will be based in Costa Mesa, CA…

Reef Realigns Sales Structure

Reef promoted Reef Sales Rep Mike Losness to the new role of director of field sales – west while Greg Osthus becomes director of field sales – east…