The Apparel Impact Institute (AII), a collaboration of brands, manufacturers and industry stakeholders that have come together to select, fund and scale high-impact projects that dramatically and measurably improve the sustainability outcomes of the apparel and footwear industry, announced Lewis Perkins as the institute’s inaugural president. Perkins, 47, was most recently president of the Cradle to Cradle Products Innovation Institute.
Category: Apparel
The Buckle’s Comps Expand In July
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the four-week period ended August 4 increased 2.3 percent.
Adidas U.S. Momentum Continues
Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Hibbett Sports Partners With Jermaine “Funnymaine” Johnson
Hibbett Sporting Goods Inc. announced a partnership with comedian Jermaine “Funnymaine” Johnson, aka “The Bama fan on the couch,” as the exclusive Funnymaine Collection licensed apparel in-store retail partner.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Duluth Holdings Launches New E-Commerce Platform
Duluth Holdings Inc., dba, Duluth Trading Co., a lifestyle brand of men’s and women’s casual wear, workwear and accessories, has implemented a new e-commerce platform aimed to enhance customers’ digital shopping experience.
5.11 Opens Retail Store In St. Louis, MO
Tactical apparel and gear maker 5.11 has opened a brick-and-mortar retail store in St. Louis, MO, the brand’s 39th U.S. retail store opening and 30th store opening in the past 18 months. St. Louis provides another building block to 5.11’s 2018 retail expansion goal of 50 company-owned retail stores.
Adidas Q2 Earnings Top Estimates On China And U.S. Growth
Powered by double-digit growth in China and the Americas, Adidas reported second-quarter earnings topped analyst expectations and confirmed the company’s outlook for the year. Reebok’s sales were again down and a charge was taken against the brand due to an accounting correction.
Canadian Tire’s Q2 Sales Miss Plan
Canadian Tire’s sales came in lower than expected in the second quarter due to a cold April. FGL Sports, the parent of Sport Chek, saw comps decline 3 percent.
Adidas To Sponsor Thomas University
Adidas has struck a deal to partner with Thomas University, based in Thomasville, GA, for the next three years.
Canada Goose Sees Q1 Revenues Climb 59 Percent
Canada Goose Inc., as expected, reported a loss in the first quarter ended June 30, but sales grew 58.5 percent.
Zumiez Raises Q2 Guidance On Strong July Sales
Zumiez Inc. announced that total net sales for the four-week period ended August 4 increased 23 percent to $83 million, compared to $67.5 million for the four-week period ended July 29, 2017.
Gaiam, And1 & Avia Boost Sequential Brands Group’s Q2
Sequential Brands Group Inc.’s active brands of Gaiam, And1 and Avia again drove growth for the parent company in the second quarter, and their performance in brick-and-mortar stores highlighted not only growing market share but resiliency in the channel.
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
Sequential Brands Group Hits Q2 Income Target, Beats On Revenue
Sequential Brands Group Inc. reported net income for the second quarter ended June 30 of $7.2 million, or 11 cents per diluted share. Under the company’s previous ASC 605 revenue reporting standard, however, non-GAAP net income for the second quarter 2018 would have been $7.8 million or 12 cents per diluted share, flat compared to second quarter 2017 but hitting the Wall Street target.
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