A mostly positive first quarter that saw Under Armour Inc. beat analyst expectations on earnings and revenue has the company doubling down on the “loud brand, quiet company” strategy announced earlier this year.
Category: Apparel
Champion Shines Again For HanesBrands In Q1
HanesBrands Inc. said Champion’s sales outside of the mass channel in the U.S. catapulted over 50 percent in the first quarter, driven by strong consumer demand, space gains in the specialty channels and growth in the online channel.
SGB Executive Q&A: Hibbett Execs Discuss New App, Digital Strategy
Jeff Rosenthal and Bill Quinn of Hibbett Sporting Goods spoke with SGB Executive about how the company’s newly unveiled app fits into the retailer’s digital strategy and was designed to meet consumers’ shopping and buying demands.
Hibbett Sports Introduces New App & Chance To Win Free Sneakers For A Year
Retailer Hibbett Sporting Goods Inc., which operates more than 1,000 athletic apparel, footwear and equipment stores in small and mid-sized markets, today announced the launch of a new mobile app for iOS and Android.
Under Armour’s Q1 Tops Wall Street’s Targets
Under Armour Inc. reported break-even results in the first quarter, exceeding Wall Street’s expectation. Sales also came in slightly ahead of expectations. Sales in North America were flat while international growth was 27 percent. The company maintained its guidance for the year.
VF Corp. Completes Sale Of Nautica
VF Corporation announced that the company has completed the sale of the Nautica brand business to Authentic Brands Group, LLC (ABG).
HanesBrands’ Q1 Tops Guidance
HanesBrands reported adjusted earnings in the first quarter declined 10 percent in part due to raw material inflation but earnings topped guidance. Sales grew 7 percent on robust growth internationally and high-single-digit growth for Champion domestically.
L.L.Bean To Open Store In Hilldale
L.L.Bean plans to open the company’s second Wisconsin store May 11 with giveaways and an outdoor party.
Nike Appoints New GM Of Global Categories
Nike Inc. announced that Amy Montagne has become the new VP, GM of global categories. Nike also confirmed that Kellie Leonard has become its first-ever chief diversity and inclusion officer.
Teamwork Athletic Apparel Appoints New National Sales Director
Teamwork Athletic Apparel, the maker of licensed apparel and team uniforms, hired Jeff James as national sales director.
SGB Executive: Q&A with Matt O’Toole, President, Reebok
SGB Executive talked to Matt O’Toole, Reebok’s president, about the fitness-first brand’s headquarter’s move to the heart of Boston, the Muscle Up turnaround strategy, and untapped growth opportunities.
Ex-Adidas Team Director Pleads Guilty In NCAA Bribery Case
The former director of an Adidas-sponsored travel basketball team, Thomas “T.J.” Gassnola, pled guilty to federal wire fraud charges and agreed to cooperate with prosecutors in the government’s NCAA basketball bribery case, according to court documents made public Friday.
Perry Ellis To Redeem $50 Million In Notes
Perry Ellis International Inc. said the company notified U.S. Bank National Association of intent to redeem the remaining $50 million of the company’s outstanding 7.875 percent senior subordinated notes due in 2019.
Amer Sports Acquires Peak Performance
Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group.
Nike Named Official Partner Of Berlin 2018 European Athletics Championships
Nike signed on as the Official Partner of the Berlin 2018 European Athletics Championships.
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