Tegra, a leading apparel manufacturing and supply chain provider, announced the acquisition of Fjord LLC, a leading manufacturer of on-field uniforms and gear for elite athletes.
Category: Apparel
Nordstrom Earnings Rise On 5.8 Percent Sales Growth
Nordstrom Inc. reported earnings of $87 million, or 51 cents per share, in the first quarter ended May 5, compared with $63 million, or 37 cents a share, in the same quarter in fiscal 2017.
Arc’teryx Brings Back Arc’teryx Climbing Academy
The popular outdoor event will be held in the rugged climbing mecca of Squamish, British Columbia, from July 19 – 22, 2018.
J.C. Penney Slashes Full-Year Guidance On Q1 Sales Miss
J.C. Penney’s first-quarter missed analysts’ expectations due to a cooler start to the spring season. The department store chain also cut the company’s full-year earnings outlook.
Dillard’s Q1 Earnings Improve
Dillard’s Inc. reported first-quarter earnings rose 21.4 percent on a 2 percent comp gain. Results exceeded Wall Street’s targets.
Boot Barn Tops Guidance On Double-Digit Comp Growth
Boosted by significant improvement in the retailer’s ladies business and the roll out a new performance-boot platform, Boot Barn reported same-store sales grew 12.1 percent in the fourth quarter ended March 31 while earnings came in well ahead of guidance.
Puma Officially Exits Kering
Kering said the company has completed the spinoff of Puma.
NSGA’s Sporting Goods Market Report Shows Retail Sales Reach $69.4 Billion
Consumer retail purchases of sporting goods equipment, athletic footwear and athletic apparel increased to $69.4 billion for the categories tracked by the National Sporting Goods Association (NSGA) in 2017, an increase of 1 percent versus 2016.
Tommie Copper Closes Credit Facility
Second Avenue Capital Partners, LLC, (SACP) announced the company has provided a senior secured credit facility to Tommie Copper, the maker of compression products. The credit facility will be used to fund working capital and additional growth opportunities.
Academy Sports Hires Ken Hicks As Chairman And CEO
Academy Sports + Outdoors announced that Ken C. Hicks, former CEO at Foot Locker Inc. has been appointed chairman and CEO. Departing CEO J.K. Symancyk is leaving the company to pursue another opportunity.
Report: Puma Targeting Trae Young For Basketball Relaunch
Puma is seeking to endorse Trae Young, expected to be a top-10 pick in the upcoming NBA Draft, as the face of the company’s return to basketball, according to a report from ESPN.
Patagonia CEO: Public Lands Stance Having ‘Positive Effect On Business’
Patagonia CEO Rose Marcario has again spoken out in defense of her company’s campaign against the current administration’s attack on public lands, telling the popular podcast Recode Decode the stance has had a “positive effect on business” and that Patagonia is poised to have its “best [sales] year ever.”
Finish Line Finds New Investor
Odey Asset Management, a London-based hedge fund, has acquired an 8.2 percent stake in The Finish Line, possibly complicating Finish Line’s merger with JD Sports Fashion.
Vineyard Vines Collaborates With Shark Week
Vineyard Vines, best known for the company’s whimsical neckties and smiling pink whale logo, announced an exclusive partnership with Discovery Channel’s annual TV event, Shark Week.
Gore Fabrics Joins Ellen MacArthur Foundation Initiative
W.L. Gore’s fabrics division announced that the company is participating in the Ellen MacArthur Foundation’s “Make Fashion Circular” initiative. Gore fabrics is joining forces with some 20 global brands in a commitment to develop new pathways for the textile industry informed by the principles of a circular economy.
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