VF Corp. looks to secure a dominant position in the fast-growing natural fiber category while Icebreaker believes it’s found a partner to help it become a $1 billion brand.
Category: Apparel
Gildan Activewear’s Top-Line In Q3 Impacted By Sock Slowdown
The overall sock business was down in the quarter due to weak demand in the sock category, particularly for higher-margin sock brands in department stores, national chains, and sporting goods.
Newell’s Play Segment Sees Strong Earnings Uptick
On a conference call with analysts, Michael Polk, Newell’s CEO, highlighted mid-single-digit growth from the Fishing and Team Sports segments although the improved earnings largely reflects the absence of year-ago inventory writeoffs post-acquisition.
Moody’s Downgrades Under Armour’s Debt Ratings
Moody’s Investors Service downgraded Under Armour, Inc.’s senior unsecured ratings to Baa3 from Baa2. The outlook is negative.
Asics U.S. Sales Slump In Nine Months
Asics reported sales in the Americas region decreased 5.6 percent, or 7.5 percent on a currency-neutral basis, in the nine months through September 30. The decline was attributed to weak sales in the U.S.
Skechers Brings Out Limited-Edition Meb Shoe For Final Race
To celebrate Meb Keflezighi’s final race, Skechers is introducing a limited edition 36 pairs of his racing shoe will be available for sale at the TCS New York City Marathon expo.
VF Agrees To Acquire Icebreaker
VF Corporation signed a definitive purchase agreement to acquire Icebreaker, the Merino-wool specialist based in Auckland, New Zealand. Terms were not disclosed.
Adidas Campaign Celebrates Women Runners
Adidas unveiled its new women’s running film, titled Fearless AF, that spotlights six powerful female Adidas ambassadors – Karlie Kloss, Kathrine Switzer, Mary Keitany, Robin Arzon, Jessie Zapo and Jen Rhines – with the confidence and creativity to change the rules of sport.
Aventura Clothing Acquires Knitwear Brand Icelandic Design
Aventura Clothing acquired Icelandic Design and its subsidiary brands, Wooly Bully and Newari Accessories.
Champion’s Sales Climb Double Digits In Q3
Asked if the Champion brand is feeling pressure from the promotions being employed by Nike and Under Armour to reduce inventories in the U.S. market, Gerald Evans, HanesBrand’s CEO, said the core Champion business “was up 20 percent in our sporting goods and department store mid tiers. We now have the TSA bankruptcy behind us and we saw nice growth in our Sports License Apparel business as well.”
2XU Partners With Life Time
The partnership names 2XU as the official compression apparel brand of Life Time, delivering performance apparel to their members, staff and trainers in-club and online.
Downlite Appoints VP Quality Assurance And Compliance
In its ongoing effort to ensure continued leadership in international quality assurance, product integrity and quality compliance, Downlite has appointed Clive Wilkie as vice president, quality assurance & compliance.
Newell’s Play Segment Shows Modest Q3 Growth
Newell Brands Inc. reported that its Play segment, formerly K2’s Outdoor Solutions segment, generated net sales of $611 million in the third quarter, a 2.4 percent increase compared with $597 million in the prior year. Core sales grew 2.3 percent, reflecting growth in all three businesses with strong increases in Team Sports and Fishing.
Gildan Activewear Lifts Full-Year EPS Guidance On Above-Plan Q3
Gildan Activewear raised its earnings guidance for the year due to better-than-expected third-quarter earnings but slightly lowered its sales outlook due to slowing growth in its Branded Apparel segment.
Deckers Brands Mails Letter To Stockholders Highlighting Merits Of Board’s Strategy
Deckers Brands announced that its Board of Directors has sent a letter to stockholders in connection with Deckers’ upcoming 2017 Annual Meeting of Stockholders to be held on December 14, 2017. The board offered its full support of the Deckers’ management team.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal