SGB Footwear

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.

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.

Yue Yuen Issues Profit Warning

Yue Yuen Industrial Ltd. said it expects to record a decrease of around 20 percent to 25 percent in profit for the three months ended March 31. 

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.

Implus Acquires Winter Traction Brand Stabil

Implus, a Durham, NC-based provider of athletic, fitness and outdoor accessories, has acquired 32 North Corp., dba Stabil, the maker of Stabilicers, Stat-A-Rest and Stabil Turf performance footwear traction products made in the U.S. and Canada. Terms were not disclosed.

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.