The Surfrider Foundation, a nonprofit organization dedicated to the protection of clean water and healthy beaches, launched its nationwide United States and Oceans of America (USOA) campaign to rally Americans to join the bipartisan fight to protect our oceans and coasts for the future.
Category: Apparel
L.L.Bean To Expand Presence In Canada
L.L.Bean announced its first-ever entrée into the Canadian wholesale and brick and mortar retail market this fall with an exclusive agreement with Jaytex Group to distribute a broad assortment of L.L.Bean products. Jaytex Group, a 40-year old company, is a Canadian distributor of high-quality brand name outerwear and apparel.
Oros Closes $5 Million Funding Round
Oros, a digitally native performance apparel brand based in Cincinnati, OH, has secured a $5 million financing round.
Canada Goose Steps Into Footwear With Acquisition of Baffin
Canada Goose Holdings Inc. on Thursday afternoon announced that it has acquired Baffin Inc., a Canadian designer and manufacturer of performance outdoor and industrial footwear, for C$32.5 million (US$24.8 million).
Champion’s Sales Soar Again In Q3
While Hanesbrands faced a number of challenges in the third quarter, including absorbing a bad-debt charge from Sears, currency headwinds and replenishment lags in Innerwear, the Champion business remains on fire. Champion’s sales grew in excess of 30 percent globally on a currency-neutral basis in the quarter and 40 percent excluding the mass channel.
Duluth Holdings Announces Opening of 44th Store in Oklahoma City
Duluth Holdings Inc. (dba, Duluth Trading Company), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, on Thursday announced the grand opening of its 44th store in Oklahoma City, OK.
Gildan Activewear Impacted By Hurricane Florence In Q3
Gildan Activewear said sales grew 5.3 percent in the third quarter despite Hurricane Florence limiting shipments during September. Earnings were up 7.5 percent, in line with Wall Street’s targets.
HanesBrands Takes Charge For Sears Bankruptcy
HanesBrands, the parent of Champion, took a bad-debt reserve charge of $14 million related to the bankruptcy filing of Sears Holdings Corporation. As a result, GAAP operating profit of $257 million declined 1 percent and GAAP diluted earnings per share were 47 cents per share. HanesBrands lowered its EPS guidance for the year.
Inaugural Racquet & Paddle Sports Conference To Be Held In Orlando
The inaugural Racquet & Paddle Sports Conference, run by the TIA (Tennis Industry Association), will be held from January 23 to 25 in Orlando, FL.
Big 5 Outlines Strategy For Adapting To Market Pressures
Though Big 5 Sporting Goods Corp.’s third quarter earnings fell within guidance, the company was shy of expectations as August and September sales were “disappointing,” company President and CEO Steven Miller said on Tuesday afternoon’s earnings conference call with analysts.
Unifi Facing Headwinds With Tariff Increases, Rising Raw Material Costs
A significant headwind in the form of higher raw material costs took a toll on Unifi Inc.’s profitability and gross margins in the first quarter ended September 30 while looming tariff increases are also problematic, company CEO Kevin Hall said on Tuesday’s earnings conference call with analysts.
Intersport Appoints New CEO
IIC-Intersport International Corporation GmbH (IIC) said Steve Evers, the current vice chairman of the IIC Board, was nominated as the new CEO. He will start in his new position early 2019. Victor V. Duran stepped down from his position as IIC CEO by mutual agreement with immediate effect.
Behind The Deal: Hibbett Makes Strong Retail Play With City Gear Acquisition
Hibbett Sports Inc. CEO Jeff Rosenthal spoke with SGB about the company’s $88 million (plus undisclosed incentives) acquisition of Memphis, TN-based “city specialty” retailer City Gear, which the Birmingham, AL-based retailer believes will be transformational for both companies as they leverage each other’s strengths.
Under Armour’s Shares Pop As Transformation Gains Traction
Shares of Under Armour shot up $5.04, or 27.7 percent, to $23.23 Tuesday, the stock’s highest one-day gain since 2008, as the company reported third-quarter earnings that more than doubled Wall Street’s consensus expectations. On a conference call with analysts, Kevin Plank, CEO, described the performance as “another solid proof point that our multiyear journey toward becoming a more operationally excellent company is on track.”
Big 5 Sporting Goods Corp. Misses On Q3 Revenue, Earnings
Big 5 Sporting Goods Corporation on Tuesday reported financial net sales for the third quarter ended September 30 of $266.4 million, down from net sales of $270.5 million for the third quarter of fiscal 2017.
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