J.C. Penney has eliminated about 650 jobs in an effort to adjust “our structure to better meet our strategic priorities,” according to a company statement. The job cuts followed an operational review by new owners Simon Property Group and Brookfield Asset Management.
Category: Apparel
Delta Apparel’s Q2 Sales Rose 12 percent
Delta Apparel Inc. reported earnings tripled in the second quarter ending April 3 on a 12 percent sales gain.
Puma Appoints New CFO And Chief Commercial Officer
Puma has appointed Hubert Hinterseher as its new chief financial officer and Arne Freundt as its new chief commercial officer starting June 1.
Buckle’s Comps Increase More Than Seven-Fold In April
Buckle Inc. announced that total net sales for the 4-week fiscal month ended May 1, 2021 increased 718.0 percent to $93.6 million from net sales of $11.4 million for the prior year 4-week fiscal month ended May 2, 2020.
Academy Sports Announces Pricing Of Secondary Offering
Academy Sports + Outdoors Inc. announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., of 14 million shares of common stock.
Black Diamond Equipment Appoints Business Unit Director For Apparel
Black Diamond Equipment, a brand of Clarus Corporation, appointed Anthony Rivera as its business unit director for its apparel category. Rivera was the former senior manager of merchandising for Arc’Teryx.
Original Penguin And Grand Slam Announce Apparel Partnership With USA Pickelball
Original Penguin by Munsingwear and Grand Slam brands, (divisions of Perry Ellis International), have signed an extensive, multi-year partnership with USA Pickleball.
Acushnet Holdings’ Sales Climb 42 Percent In First Quarter
Acushnet Holdings Corp. reported significant improvement in earnings in the first quarter ended March 31 as sales grew 42 percent. Revenues for the parent of Titleist and Footjoy grew 34 percent on a currency-neutral basis.
Gildan Activewear Sees Q1 Sales Climb 28 Percent
Gildan Activewear Inc. reported a profit against a loss in the first quarter as revenues climbed 28.4 percent. Said Gildan President and CEO, Glenn Chamandy. “While large events have not yet restarted, we continue to be encouraged by the strength of our imprintables business and on the retail side we were pleased with strong double-digit growth in underwear and activewear sales.”
Camping World To Acquire Hilmerson RV In Minnesota
Camping World Holdings Inc. announced the expansion of its business presence in the Minnesota market with an agreement to acquire Hilmerson RV in Little Falls.
Royal Robbins To Open Retail Store in Seattle
Royal Robbins has accelerated its retail expansion plans and announced that its first retail store in downtown Seattle would open on May 7.
Penn Athletics Renews Relationship With Nike
The University of Pennsylvania Division of Recreation and Intercollegiate Athletics and Nike have reached an agreement on a new five-year contract that will keep the Quakers in Nike through the 2025-26 athletic year.
Report: Adidas Launches Auction For Reebok
Adidas has launched the auction to sell its Reebok brand with the first round of bids to be submitted next week, according to a report from Reuters.
Gap Inc. Plans To Sell Intermix
Gap Inc. has entered into an agreement to sell Intermix, its upscale apparel chain, to private equity firm Altamont Capital Partners.
2022 Running USA Industry Conference Returns To Orlando
The 2022 Running USA Industry Conference, presented by Race Roster, will be a live event to take place February 20-22, 2022, returning to the Coronado Springs Resort at Walt Disney World in Lake Buena Vista, FL.
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