Delta Apparel, Inc. reported profits grew over 130 percent in the fiscal 2022 second quarter ended April 2. Sales grew 21 percent.
Category: Apparel
Big 5’s Q1 Profits Top Guidance
Big 5 Sporting Goods Corp. reported same-store sales were down 11.4 percent for the first quarter ended April 3 and flat compared to the pre-pandemic first quarter of fiscal 2019. Earnings were also down against year-ago record results but exceeded guidance.
NRF Economist Sees Consumer Strength Despite Inflationary Pressure
The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep shopping as lower inflation eases uncertainty, according to the National Retail Federation’s (NRF) Chief Economist Jack Kleinhenz.
Patagonia, The North Face, Levi Strauss Top Circular Fashion Index
Patagonia, The North Face and Levi’s are the brands most committed to fashion circularity, according to management consulting firm Kearney’s 2022 The Circular Fashion Index.
AAFA Appoints Events And Programming VP
American Apparel & Footwear Association (AAFA) appointed Corinne Suder to lead the organization’s Events and Programming Department as vice president, effective June 13.
Torrid Holdings Shifts Leadership Team Roles
Torrid Holdings Inc. appointed Liz Muñoz to a new role as chief creative officer, Lisa Harper as Muñoz’s successor as chief executive officer, and Tanner MacDiarmid as interim chief financial officer.
Eddie Bauer Appoints Creative Director
Eddie Bauer appointed Christopher Bevans as creative director. A member of CFDA he was recognized for his work with DYNE, earned the 2017 Woolmark Innovation Prize, was named a 2017 CFDA/Vogue Fashion Fund finalist, he was also a senior creative lead at Shopify.
RYU Apparel Sales Slid 19 Percent In 2021
RYU Apparel Inc. reported revenue for the year ended December 31 was Canadian $1.27 million, 19 percent lower than revenue of C$1.57 million a year ago.
Dickies Appoints Chief Marketing Officer
Dickies has appointed Sarah Crockett, former chief marketing officer at Backcountry, as its global chief marketing officer.
Nike Appoints Global VP Direct Acceleration
Nike has promoted Maggie Gauger as global vice president, direct acceleration.
ICSC Survey Highlights Ongoing Importance Of Small Business
International Council of Shopping Centers (ICSC) released the results of its Small Business Consumer Survey that found that 94 percent of adults either shop, spend or use the services of small businesses. Over half of consumers, 54 percent, shop at small businesses at least once a week, and 42 percent frequent small businesses more frequently than before the pandemic.
Kohl’s Increases Rewards Program Earn Rate To 7.5 Percent
Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.
Pou Sheng Sees Decline In First Quarter Profit
China’s Pou Sheng International said it expects to report a “substantial decrease” in profits in the first quarter due to new wave of the pandemic in its operating regions.
Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
G-III Apparel To Buy Karl Lagerfeld Brand
G-III Apparel Group, Ltd. announced that it has entered into an agreement to purchase the remaining 81 percent interest in fashion brand Karl Lagerfeld for €200 million ($210 million USD).
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