VF Corp. announced that it has entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group (ABG) LLC.
Category: Apparel
L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017
L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.
Hibbett Looks To Build On Q4 Momentum In 2018
Hibbett Sports’ earnings fell, as expected, in the fourth quarter due to the promotional marketplace. But results were better-than-expected coming into the quarter due to an acceleration in its e-commerce business and strength in sportswear and overall footwear offerings.
L.L. Bean Forgoes Bonuses After Challenging Year
With sales coming in slightly down in 2017, L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring.
Golf and Nike Swim Drive Perry Elllis’ Q4 Growth
Perry Ellis International reported sales its Golf segment grew 20 percent in the fourth quarter ended February 3 while Nike Swim saw healthy gains.
Columbia Sportswear And Major League Soccer Announce New Relationship
Columbia Sportswear and Major League Soccer announced a new collaboration featuring co-branded outerwear and apparel for men, women and children.
Arnold Palmer Group Partners With Fanatics To EnhanceMerchandise Experience At Arnold Palmer Invitational
The Arnold Palmer Group announced it has entered into an agreement with Fanatics to manage the on-site and online merchandising operations for the Arnold Palmer Invitational.
Zumiez Misses Q4 Guidance On European Write-Offs
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent but came in below guidance due to write-offs for its European operations.
Aisle Talk, Week of March 12
Top headlines from the active lifestyle industry you may have missed this week.
Nike’s Trevor Edwards Resigns Amid Workplace Complaints
Nike President Trevor Edwards has resigned from his position following an internal probe of inappropriate workplace behavior. Mark Parker announced that he plans to stay on as chairman, president and CEO beyond 2020.
Perry Ellis Sees Double-Digit Growth In Q4
Perry Ellis International Inc. reported adjusted pre-tax income rose 37 percent in the fourth quarter as sales grew 11.3 percent.
Hibbett Sports Q4 Comps Expand 1.6 Percent
Hibbett Sports Inc., in line with updated guidance, reported fourth-quarter earnings slumped 19.8 percent while comps grew 1.6 percent.
Zumiez’s Q4 Earnings Climb 18.2 Percent
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent on a 16.9 percent climb in sales.
Nike’s SNKRS App Launches In Japan
Nike Inc said that on March 20, the Nike SNKRS app will become available in Japan, offering NikePlus members there increased access to covetable sneakers, as well as content that celebrates local sneaker culture.
New Balance Renews Pact With FC Porto
FC Porto and New Balance reached an agreement for the renewal of the contract binding them.
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