Gap To Ramp Up Athleta Expansion

Gap Inc. said expects Athleta’s sales to exceed $1 billion in net sales in the next few years as it shifts its growth focus away from its flagship Gap chain and Banana Republic toward Athleta and Old Navy.

Nike Sets More Layoffs

After laying off 255 employees in Oregon in July, Nike Inc. told the state it is scheduled to lay off an additional 490 by the end of September.

Newell Brands Cuts Outlook On Harvey Impact

Newell Brands announced that it is updating its 2017 normalized earnings per share guidance for the anticipated effects of Hurricane Harvey on its U.S. manufactured resin businesses, including increasing inflationary pressure through the third quarter.

Unifi Appoints CFO

Unifi Inc. appointed Jeffrey C. Ackerman as executive vice president and chief financial officer, effective immediately.