“We think Champion is doing really well,” said HanesBrands’ CEO Gerald W. Evans Jr. on a conference call with analysts. “It’s got a lot of upside to it from a global standpoint.”
Category: Apparel
LVHM Luxury Venture Partners With Stadium Goods
LVHM Luxury Ventures has formed a “partnership” with Stadium Goods, the New York City-based sneaker consignment giant.
Newell Brands Confirms Receipt Of Starboard Value’s Director Nominations
Newell Brands confirmed that it has received notice from Starboard Value and Opportunity Master Fund Ltd. of its intention to nominate 10 candidates to stand for election to the Newell Brands Board of Directors at the company’s 2018 Annual Meeting of Shareholders.
Kevin Garnett Returns To AND1 As Global Ambassador
Sequential Brands Group Inc. announced a multi-year partnership with NBA legend Kevin Garnett as the creative director and global brand ambassador for AND1, the iconic basketball brand which began in 1993.
Fitness And Outdoor Drive Amer Sports’ Q4 Growth
Amer Sports reported revenues on a currency-neutral basis grew 9.0 percent in the fourth quarter, led by a 14 percent gain by its Fitness segment and an 11 percent climb by its Outdoor segment. The Ball Sports’ segment inched up 1 percent and has been impacted by a “challenging U.S. wholesale market.”
Columbia Sportswear’s Q4 Revenues Climb 8 Percent
Columbia Sportswear reported earnings excluding a massive tax charge and restructuring costs rose 9.2 percent on an 8 percent revenue gain. U.S. net sales increased 8 percent to $492.6 million, reflecting growth in DTC and benefits from a shift in the timing of shipments of Fall 2017 advance wholesale orders from the third quarter to the fourth quarter.
Mizuno’s America’s Q3 Sales Dip 9.3 Percent
Mizuno Corp. reported sales in Americas continued to decline in the third quarter and nine months ended December 31 as the focus remains on improving profitability in the region.
Canada Goose Blasts Past Street Targets In Q3
Driven by oversized growth in its direct-to-consumer (DTC) channel and its ability to drive premium pricing, Canada Goose Holdings Inc. reported third-quarter results that easily eclipsed Wall Street’s consensus estimates.
Canada Goose Names CFO And EVP
Canada Goose Holdings Inc. announced that Jonathan Sinclair will succeed John Black as chief financial officer and executive vice president. He is expected to join the company toward the middle of the year.
L.L. Bean To Tap Blockchain Technology To Help Track Its Products
L.L. Bean says it will start sewing in sensors inside its products to track how customers use the items in a pilot test, according to the Wall Street Journal. This information would be fed into a blockchain and then anonymized for later use.
The Buckle’s Comps Inch Up 0.2 Percent In January
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended February 3, 2018 increased 0.2 percent from comparable store net sales for the 5-week period ended February 4, 2017.
Dick’s Announces Grand Opening Of Four Stores In February
Stores will open in Evansville, IN; Baxter, MN; Santa Maria, CA; and Warwick, RI.
GOAT Acquires Flight Club
GOAT, the world’s leading digital sneaker marketplace, announced a merger with sneaker consignment pioneer Flight Club. The merger brings together two leading brands in the sneaker space. Along with the merger, GOAT and Flight Club announced a new funding round of $60 million led by Index Ventures.
Canada Goose’s Sales Jump 27 Percent In Q3
Canada Goose Holdings Inc. reported profits in the third quarter ended December 31 climbed 60.9 percent as sales grew 27.2 percent.
HanesBrands Revenues Climb 4 Percent in Q4
HanesBrands reported fourth-quarter net sales increased 4 percent to $1.645 billion. Organic sales, which exclude acquisitions under a year old, increased 2 percent in constant currency in the fourth quarter, the second consecutive quarter of organic growth. Champion sales were up 15 percent.
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