Gildan Activewear Trims FY Guidance on Currency Headwinds

While revenues grew double-digits, Gildan Activewear Inc.’s first-quarter earnings fell on previously-announced price reductions. The company also slightly narrowed its EPS guidance range for the year to reflect further foreign currency devaluation.

Sport Chek’s Hot Streak Continues in Q1

FGL Sports saw same-store sales climb 8.6 percent in the first quarter, led by an 8.7 percent romp by its flagship Sport Chek chain, according to the quarterly report of its parent, Canadian Tire Inc…

Department Stores See Soft Q1

Impacted by the harsh winter weather that extended into many parts of the country into February and March, delays related to a West Coast port dispute, and general softness in consumer spending, several department stores last week reported disappointing f

Late NHL Player Montador Suffered from CTE

Former NHL player Steve Montador had “widespread presence” of Chronic Traumatic Encephalopathy (CTE) at the time of his death three months ago, according to a brain study released Tuesday by his estate's law firm. The news follows a judge's ruli

Macy’s Q1 Earnings Dip

Macy’s, Inc. reported first-quarter earnings slid 13.8 percent. Same-store sales dipped 0.1 percent, lower than planned due to delays caused by the West Coast port slowdown, extreme winter weather and lower international tourist spending…

Champion Relaunches Website

HanesBrands partnered with Elevate Studios to relaunch the the Champion athletic website by “introducing fresh content that speaks to the long-standing heritage of the brand and its cutting-edge technology and on-trend fabric innovations.”…

Democrats Yield in Senate Trade Deal

Senate leaders reached an agreement Wednesday to revive a bill that would provide fast-track trade-negotiation powers to President Barack Obama, one day after Democrats blocked the measure…

Kering Appoints CEO of Action Sports Brands

Kering, the parent of Puma, Volcom, Cobra, Electric and Tretorn, appointed Todd Hymel to the newly created position of CEO of Action Sports Brands, effective July 1. He will be based in Costa Mesa, CA…