SGB Update Apparel
VF Corp’s Former CFO Joins Tapestry
Tapestry Inc., the parent of Coach, Kate Spade and Stuart Weitzman., has hired Scott Roe as chief financial officer, effective June 1, 2021. Roe was formerly VF’s CFO.
CODI Sees Q1 Revenues Expand 38 Percent
Compass Diversified (CODI) reported net sales rose 38.4 percent for the first quarter ended March 31 and raised its earnings guidance for the year. The company said it was helped by last year’s acquisition of Marucci and BOA.
Columbia Sportswear Hikes 2021 Outlook On Robust Q1 Results
Columbia Sportswear Company raised its guidance for the year after reporting first-quarter sales and earnings arrived well above Wall Street’s targets and seeing healthy early Spring 2021 sell-through and Fall 2021 orders. The first-quarter gains were led by direct-to-consumer e-commerce business, which grew 35 percent year-over-year.
HanesBrands Names Chief Financial Officer
HanesBrands announced that Michael Dastugue has been named chief financial officer. Most recently, Dastugue was executive vice president and chief financial officer at Walmart U.S.
L.L.Bean To Open Seven Stores In 2021
Following its strongest fiscal year in nearly a decade, L.L.Bean announced it will open seven new retail stores across the U.S. and Canada in 2021. These include three stores in the U.S. and four in Canada.
Academy Sports’ Debt Ratings Outlook Raised To Positive
Moody’s Investors Service changed its outlook for Academy, Ltd. to positive from stable. The change in outlook to positive from stable reflects Academy’s outperformance relative to expectations since the IPO, and the potential for the company to maintain solid credit metrics as demand in the sporting goods category moderates.
Unifi Announces Strong Third Quarter Results
Unifi Inc. reported earnings on an adjusted basis improved 17 percent on strong improvement in margins and a sales gain of 4.6 percent.
Adidas Signs Football Deal With Boston College
Adidas entered a three-year partnership to become the official athletic footwear, apparel and accessory brand of Boston College’s football program through the 2023 season. The deal comes after Boston College on April 13 announced a lucrative deal with New Balance to outfit its non-football teams.
Dillard’s Amends And Extends Revolving Credit Facility
Dillard’s Inc. announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the company’s liquidity needs.
Blizzard-Tecnica Names Principal Sales Rep For Colorado And New Mexico
Blizzard-Tecnica announced it had appointed Charlie Hepburn to cover Colorado and New Mexico as its principal sales rep effective May 1, with Jamie Urbana as an associate rep to service retailers in the territory
Puma’s Sales Jump In First Quarter
Puma reported earnings tripled in the first quarter as sales expanded 25.8 percent on a currency-neutral basis. On a currency-neutral basis, the gains were led by the Americas, climbing 38.5 percent and led by North America. Asia/Pacific revenues grew 28.8 percent, led by China, while EMEA gained 14.0 percent.
VF Corp. Enters Into Agreement To Sell Occupational Portion Of Work Segment
VF Corp announced that it has entered into a definitive agreement to sell the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC.
Cotopaxi Bolsters Team With Strategic Hires
Cotopaxi announced four hires, including Cindy Grönberg Moldin, vice president of brand, Landon John, director of retail, Skylar Stice, director of operations, and Carie Behe, GTM marketing manager.
Adidas To Move Basketball Unit To Los Angeles
Adidas has merged its lifestyle and performance units within basketball and is moving basketball operations from Portland, OR to Los Angeles. The moves are expected to better position the brand for growth in the basketball category.
Delta Apparel Forms Strategic Partnership With Autoscale.ai
Delta Apparel Inc. announced a strategic partnership with Dallas-based Autoscale.ai to integrate its technology that automates the product design, marketplace listings and advertising management for online retail.
