Champion Athleticwear opened its first store in Philadelphia and its fifth U.S. specialty retail store with other locations in Los Angeles, New York, Boston and Chicago.
Category: Apparel
Hibbett Sports’ Q4 Blows Past Estimates
Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street’s targets. The retailer also announced plans to close 95 stores this year as part of an “accelerated store closure plan” and a transition plan with the pending retirement of CEO Jeff Rosenthal.
Hibbett Announces CEO Transition Plan
Hibbett Sports Inc. announced the planned retirement of Jeff Rosenthal, president and chief executive officer. The Board will commence a search process to identify the company’s next CEO, and Rosenthal will remain at the company in his CEO capacity until a successor is named.
Nike’s Q3 Earnings Top Estimates On Digital Momentum
Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent.
G-III Apparel’s Q4 Boosted By Double-Digit Wholesale Growth
G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well ahead of Wall Street’s consensus target due to stringent cost controls and double-digit growth across wholesale operations. G-III officials revealed that its recently-acquired DKNY label had introduced its first women’s apparel collection tied the major sports leagues.
Nike To Outfit Denison University
Denison University, based in Granville, OH, has entered into a multi-year partnership with Nike through BSN Sports.
G-III Apparel’s Q4 Tops Estimates
G-III Apparel Ltd. reported fourth-quarter earnings per share on an adjusted basis vaulted 112 percent as revenues expanded 7.3 percent. Results easily topped Wall Street’s consensus targets.
Delta Apparel Eyes Fast Growth At DTG2Go
Speaking at the 31st Annual ROTH Conference, officials at Delta Apparel Inc. said DTG2Go, its digital print and fulfillment business, is poised to expand at a 20 percent CAGR (compound annual growth rate) in the years ahead with digital screen-printing just starting to take off.
Under Armour Sees Record Schools In March Madness
While Nike still dominates March Madness sponsorships. Under Armour saw a record 17 of its schools head to the NCAA men’s basketball tournament, up from only 10 the prior year. While Nike still dominates March Madness sponsorships. Nike sponsored 40 of the 68 schools and Adidas, 11.
Adidas Announces Supervisory Board Candidates
The Supervisory Board of Adidas AG announced the candidates that will stand for election to the Supervisory Board as shareholder representatives during the Annual General Meeting on May 9, 2019
FBF Originals Named Licensee Of The Alliance Of American Football
BF Originals, LLC, a manufacturer of licensed and novelty socks, has been named a licensee of The Alliance of American Football.
Adidas Signs Alex Bregman
Adidas announced a multiyear partnership with World Series Champion (2017) and All-Star (2018) third baseman Alex Bregman of the Houston Astros.
Mizuno’s Profits Sink In Third Quarter And Nine Months
Mizuno Corp reported operating profits dropped 15.1 percent in the nine months ended December 31 as sales declined 4.9 percent. Operating profits in the third quarter were down 25.0 percent.
Shopko To Close Remaining Locations
Shopko, which has been in bankruptcy proceedings since January, plans to close its remaining 120 stores by mid-June.
AAFA Appoints New Chairman
AAFA appointed Gary Simmons, director, Intradeco Apparel Inc., as its new chairman, replacing Thomas Glaser of VF Corp.
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