Xceed, the custom activewear brand based in Mexico City, announced plans to rapidly expand its brand through the acquisition of U.S.-based Peaks Apparel.
Category: Apparel
Sequential Brands’ Active Portfolio Gains Further Traction In Q1
Sequential Brands Group Inc. reported first-quarter earnings on an adjusted basis came in below plan due to transition challenges of licensing agreements at its Fashion segment. The company’s Active brands, led by Gaiam, And1 and Avia, continue to see strong growth
Asics Returns To Growth In North America
Asics Corp. reported sales increased 4.2 percent in the first quarter in the North America region as the Performance Running category returned to positive growth.
Wolverine World Wide Tops Guidance In Q1
Wolverine World Wide reported earnings in the first quarter were down slightly on an adjusted basis but exceeded guidance as its top-five brands, including Merrell and Saucony, saw revenue arrive above plan during the quarter to offset some challenges at Sperry.
Carhartt Partners With ISAIC
Carhartt announced that it is partnering with the Industrial Sewing and Innovation Center (ISAIC) by dedicating the third floor of its Cass Avenue retail location to the organization. In addition, the company is also making an in-kind donation of apparel manufacturing equipment to help support the organization’s launch plans.
Sequential Brands Posts Q1 Loss On Impairment Charge
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a steep loss in the first quarter due to an impairment charge related to the sale of the Martha Stewart and Emeril Lagasse brands. The company also noted that first-quarter results came in below expectations.
Brooks Running Extends Partnership With Marine Corps Marathon
Brooks Running Company and Marine Corps Marathon Organization (MCMO) have agreed to extend their relationship for another five years.
AAFA Condemns Latest Tariff Escalation
The American Apparel & Footwear Association strongly condemned the announcement that the Trump administration plans to increase tariffs on U.S. imports from China, as referenced by the President via Twitter on Sunday.
Delta Apparel Q2 Boosted By Triple-Digit Growth In Digital Printing
Delta Apparel’s profits in its second quarter ended March 30 were pulled by many expected and some unexpected cost pressures. Sales managed to increase almost 3 percent as continued momentum at DTG2Go offset weather-related sales declines at Salt Life and Soffe.
Rhone Opens Store In Manhattan
Rhone, the men’s performance lifestyle brand, opened its first permanent store at Hudson Yards in Manhattan.
RYU Apparel Delays Financial Filings
RYU Apparel Inc. announced that it has been delayed in filing its audited annual financial statements for the year ended December 31, 2018.
Fjällräven Promotes Nathan Dopp, Hires VP Of Brand Experience
Fjällräven, the Swedish heritage outdoor brand, announced the promotion of Nathan Dopp to global vice president of parent company Fenix Outdoor International AG. Fjällräven also welcomed consumer-products veteran Jean-Marie Shields as vice president of brand experience.
Delta Apparel’s Q2 Profits Sinks On Margin Challenges
Delta Apparel Inc. reported a sharp decline in profits in the second quarter ended March 30. The shortfall was attributed to anticipated transition costs from changes in the private label product mix and higher-cost raw materials in the Delta Group segment, coupled with higher than expected digital print acquisition integration expenses and delayed spring sales in the Salt Life Group segment.
April M&A Roundup: BSN Grows Again, Volcom Gets Liberated
BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner.
RILA Criticizes Potential Move To Raise Tariffs
In a statement, RILA’s VP of international trade Hun Quach said that raising “tariffs on everyday goods will be a loser for middle-class families.” The statement came in response to President’s Trump threat to increase tariffs on Chinese goods.
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