Gildan Activewear Raises FY Revenue Guidance on Activewear Strength

Gildan Activewear Inc.’s third-quarter sales grew 2.4 percent, slightly ahead of guidance, as a 6 percent gain in activewear sales offset an 18 percent slump in its hosiery and underwear sales tied to its phase-out of its Under Armour sock license. Earnings rose 15 percent on improved margins. 

U.S. Olympic and Paralympic Properties Name Nike Exec as CEO

John Slusher, Nike’s long-tenured sports marketing EVP, was named as CEO of the U.S. Olympic and Paralympic Properties (USOPP) for the 2028 Los Angeles Olympics. Ann Miller, the company’s executive vice president, chief legal officer and a 14-year Nike veteran, will replace Slusher as EVP of global sports marketing.

Consumer Confidence Bounces Back In October

The Conference Board reported that its Consumer Confidence Index jumped to 108.7 in October from 99.2 in September—the biggest monthly gain since March 2021. Analysts had forecast a more modest reading of 99.3.

Chipply Names New Marketing Manager

With seven years of experience in the promotional products industry, Ryen McFarland brings a strong background in marketing, sales and customer service to the e-commerce platform for team stores.