Bernhard Kiehl, the sustainability leader for Gore Fabrics, sat down with SGB recently to discuss the company’s ambitious environmental and chemical management goals, including the milestones achieved and the targets still on the horizon.
Category: Apparel
Perry Ellis Ends Discussions With Randa Accessories
The special committee of the Perry Ellis International board of directors on Tuesday confirmed that the committee has terminated discussions with privately held Randa Accessories Leather Goods LLC with respect to the offer to acquire Perry Ellis for $28.90 per share in cash.
REI To Open First Store In Memphis, TN
Outdoor co-op REI will open the company’s first store in Memphis, TN, on August 24. The new 23,000-square-foot store will offer a wide assortment of quality outdoor gear, experiences and expertise, as well as a full-service bike shop.
Next Level Apparel Acquired By Private Equity Firm
Blue Point Capital Partners has acquired and recapitalized Gardena, CA-based clothing company Next Level Apparel Inc. Terms of the deal were not disclosed.
Ever-Glory Revenue Increases 11 Percent In Q2
Ever-Glory International Group Inc., a China-based retailer of branded fashion apparel and a global apparel supply chain solution provider, reported sales for the second quarter ended June 30 of $88.5 million, an increase of 11 percent from $79.8 million in the second quarter of 2017.
Anta Sports Revenue Up 44 Percent In First Half Of 2018
Anta Sports Products Ltd. reported that revenue increased 44.1 percent to RMB1.94 billion for the six months ended June 30, 2018. Profit attributable to equity shareholders increased 34 percent to RMB1.94 billion, while basic earnings per share increased 29.4 percent increase to RMB72.44 cents.
VF Corp. Shares Slip After Spinoff, Relocation Announcement
VF Corp. shares fell 3.6 percent Monday after the company announced spinoff and relocation plans. While investors asked “Why now?” about the move, analyst reaction was mostly positive as VF can now target more growth—both organically and acquisitively—in the outdoor and active lifestyle space.
Colorado ‘Thrilled’ To Welcome VF Corp.’s New Global Headquarters
As part of VF Corp.’s decision to separate into two publicly traded companies, the corporation will move VF’s headquarters to the Denver metro area, a move lauded by Colorado’s Office of Economic Development and International Trade.
NRF Upgrades 2018 Economic Forecast But Says Tariffs Remain Threat
The National Retail Federation on Monday increased the federation’s retail sales forecast for 2018, saying sales are expected to grow more than previously predicted thanks to tax reform and other positive economic inputs, but warning that tariffs threaten to dampen consumer confidence.
Stance To Open First Store In Southern California
Socks brand Stance announced that the company will open the company’s first Southern California retail location in the Irvine Spectrum Center on August 18.
VF Corp. To Split Into Two Independent, Publicly Traded Companies
Apparel, footwear and accessories giant VF Corp. announced Monday morning that the company’s board of directors intends to separate the company into two independent, publicly traded companies: VF Corp., an apparel and footwear company that will move the company’s headquarters to Denver and a yet-to-be named company (NewCo) that will hold VF’s jeans and outlet businesses.
Canada Goose Posts Loss As Expansion Into China Progresses
Canada Goose Inc.’s smallest quarter might have yielded a loss for the apparel maker but revenue soared 58.5 percent in Q1, providing tailwinds ahead of one of the company’s most ambitious 2018 initiatives—expansion into China.
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Nike Sued For ‘Devaluing And Demeaning’ Women
Nike Inc. is the target of a class-action lawsuit by women claiming discrimination against the global footwear and apparel giant. Cahill et al v. Nike Inc. was filed Thursday in the U.S. District Court, District of Oregon. The suit doesn’t ask for specific damages, but instead for Nike to implement fair pay practices throughout the organization.
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