Merchology has become the exclusive retailer in the corporate channel for New Balance products.
Category: Apparel
Gildan Activewear’s Revenues Decline 11 Percent In Q4
Gildan Activewear reported earnings on an adjusted basis were down 6.2 percent in the fourth quarter. Sales fell 11.3 percent as activewear sales were hurt by lower imprintables volumes in North America.
REI Ranks As Top Employer
REI Co-op was again recognized as a top employer, ranking 60 on Fortune’s 100 Best Companies to Work For list.
Foot Locker Announces 2020 Capital Allocation Plans
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2020, compared to the approximately $187 million spent in 2019.
authorized two capital allocation initiatives which provide for both a meaningfully-enhanced dividend and sustained investment in the organic growth of its business.
Adidas’ China Business Activity Tumbles 85 Percent Due To Coronavirus
Adidas reported Wednesday that its business in the greater China area had dropped by about 85 percent year-on-year in the period since Chinese New Year on January 25.
Puma’s Q4 Revenues Climb 21 Percent
Puma reported earnings jumped 55.0 percent in the fourth quarter on a 30.6 percent revenue gain. All regions and all product divisions were up by double digits. Puma warned, however, that the coronavirus outbreak has been impacting 2020 results.
Golf Rounds Played Climb In December
Golf rounds played for December 2019 rose 8.3 percent nationally compared to a year ago, according to Golf Datatech. For the year, gold rounds played grew 1.5 percent.
Puma Signs Kendrick Nunn And Derrick Jones Jr.
Puma added Kendrick Nunn and Derrick Jones Jr., who both play for the Miami Heat, to the brand’s roster of NBA ambassadors.
Pop Warner Launches Its Own Uniform Brand
Pop Warner Little Scholars Inc., the nation’s premier youth football organization, is introducing its own brand of custom-designed tackle football, flag football and cheerleading uniforms. Pop Warner’s decision to create its own uniform brand is in response to local team administrators around the nation who wanted a simpler, more cost-effective and reliable alternative to ordering uniforms.
Anta Sports Sees Coronavirus Outbreak Impacting First-Half Results
Anta Sports Products expects the coronavirus outbreak will impact its financial performance in the first half of 2020 but is aiming for a recovery in the second half, the Chinese company said in a stock exchange filing. Roughly 40 percent of the company’s stores in mainland China have re-opened.
Moody’s Assigns A3 Ratings To VF’s Proposed Euro Notes
Moody’s Investors Service assigned A3 ratings to V.F. Corporation’s proposed senior unsecured Euro notes. The stable outlook reflects Moody’s expectation that the company will maintain its strong position in the global apparel industry and sustain longer term positive trends in revenue growth while continuing to generate healthy operating margins.
S&P Reduces Boardriders’ Outlook To Negative
S&P Global Ratings lowered its debt ratings outlook on Boardriders Inc. reflecting our revised expectations for negative free operating cash flows (FOCF) through fiscal 2020 and the potential for a covenant violation.
Moncler’s Revenues Expand Double-Digits In 2019
Moncler reported sales of €1.627 billion its year ended December 31, up 13 percent at constant exchange rates and 15 percent at current exchange rates.
Kering Not Pursuing Moncler Acquisition
Kering chairman and chief executive officer François-Henri Pinault refuted rumors that his firm is exploring the acquisition of Moncler, the Italian luxury outerwear label.
Farfetch Raises $250 Million
Farfetch Limited, the London-based fashion marketplace, announced that it has agreed to issue and sell, via a private placement, convertible senior notes in an aggregate principal amount of $250 million.
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