SGB Update Apparel
SportChek’s Comps Climb 19 Percent In First Quarter
Canadian Tire Corp. reported SportChek’s retail sales increased 10.0 percent in the first quarter and comparable sales were up 18.7 percent over the same period.
Asics Sees Q1 Sales Climb 25 Percent
Asics Corporation reported sales rose 24.8 percent in the first quarter. Sales in the North America region rose 20.1 percent on e-commerce gains and the region returned to profitability.
Mizuno Fiscal Year Revenues Decline 11 Percent
Mizuno Corp. reported sales were down 11.4 percent in its fiscal year ended March 31. Sales in the Americas region fell 6.4 percent but profitability improved.
Adidas Supervisory Board Extends Appointment Of Martin Shankland
Adidas’ Supervisory Board extended the appointment of Executive Board member Martin Shankland, responsible for Global Operations, by five years
beyond 2022 until 2027.
Backcountry Appoints VP Of Owned Brands
Backcountry welcomed former Nike executive Lynsey Lambert to lead strategy and growth as VP of owned brands. Lambert was most recently senior director brand merchandising, global footwear, Nike.
Fanatics Partners With The Phoenix Suns
Fanatics reached a long-term partnership to operate online and mobile commerce at shop.suns.com for the Phoenix Suns. Fanatics will also run its retail experiences at Phoenix Suns Arena for the Suns, WNBA’s Phoenix Mercury and other events hosted at the venue following the conclusion of the current NBA season.
Schoeller Textil Welcomes Two New Sales Directors For North America
Schoeller Textil AG announced that Megan Fulton and Jack McPheron have joined its North America team as sales directors, covering the Western U.S. and parts of Canada.
Sequential Brands Secures Further Waivers From Lenders
Sequential Brands was granted a waiver that extends existing defaults on its credit agreement until June 7, according to a filing with the Securities & Exchange Commission.
Nike Partners With Howard Payne University Through BSN Sports
The Howard Payne University athletic department entered into a five-year sponsorship and product supply agreement with Nike through BSN Sports to be its official apparel, footwear and uniform provider for athletics.
JD Sports Acquires Manchester-Based Menswear Retailer
JD Sports has acquired Oi Polloi, an independent men’s fashion boutique located in Manchester.
REI To Open In Tallahassee And Palm Beach Garden
REI Co-op, with five stores in Florida, will open new locations in Spring 2022 in Tallahassee and Palm Beach Gardens, Florida.
Champion Aiming To Become $3 Billion Brand By 2024
HanesBrands Inc. unveiled Full Potential, a three-year growth plan designed to drive approximately $1.2 billion in incremental revenue and expand operating margins to 14.3 percent by 2024. The plan calls for Champion to become a $3 billion global brand by 2024, up from projected 2021 sales of approximately $2 billion.
HanesBrands Sees 25 Percent Q1 Revenue Gain
HanesBrands Inc. announced results for the first quarter of 2021, with continued sales momentum across the company’s global innerwear and activewear businesses driving strong adjusted operating profit and cash flow. Champion sales increased 34 percent over prior year and revenue from the company’s other activewear brands increased 16 percent.
Everlane Appoints Global Creative Director
Everlane appointed Shu Hung as global creative director. She previously worked for Uniqlo and Nike.
Clarus’ Q1 Revenues Climb 41 Percent
Clarus Corporation reported sales in the first quarter Increase 41 percent year-over-year. Black Diamond sales were up 13 percent while Sierra sales were up 203 percent, or 94 percent excluding Barnes.
