SGB Update Apparel
HanesBrands Q4 Adjusted Earnings Expands 13 Percent
HanesBrands, the parent of Champion, announced record operating cash flow for the fourth-quarter and full-year 2019 and strong diluted earnings per share growth.
Descente’s Sales Sink 8 Percent In Nine Months
Descente reported sales in the nine months ended December 31 slipped 8.0 percent to ¥92.9 billion ($845 mm).
Vans Opens First Community-Driven Retail Store In Downtown Los Angeles
Vans opened its first community-driven retail and event space in Downtown Los Angeles. The 11,500 sq. ft. space pays homage to Los Angeles’ skateboarding roots and art community.
Columbia Sportswear’s Q4 Impacted By Promotional Climate
Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street’s consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, “A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity.”
The Buckle’s January Comps Expand 7.4 percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 1, 2020 increased 7.4 percent.
Nike Announces Strategic Distributor Partnerships In Brazil, Argentina, Chile And Uruguay
Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. A one-time, non-recurring charge related to foreign exchange of approximately $425 million will be taken.
Mizuno Signs Ronda Rousey
Mizuno has signed Ronda Rousey as the newest addition to the Mizuno roster of athletes in North America. She had been with Reebok.
Georgia Gwinnett College Signs Deal With Nike, BSN Sports
Georgia Gwinnett College in Lawrenceville, GA signed a multi-year apparel partnership with Nike and BSN Sports for the college’s six intercollegiate teams.
L.L.Bean Announces Layoffs, Plans To Close Lewiston Call Center
L.L.Bean said it plans to layoff 200 employees companywide at the end of February and close its call center in Lewiston, ME in 2021.
Adidas Closes Numerous Stores In China
Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters.
Foot Locker Launches New Membership Program
Foot Locker Inc. announced the North America rollout of FLX, its new membership program unifying all Foot Locker, Inc. brands under one easy-to-use platform.
Nike Provides Update On Impact of Coronavirus In China
In the context of the evolving dynamics related to the coronavirus in China, Nike Inc. said it is prioritizing the health and safety of its store associates and partners, in cooperation with local authorities. Similar to others in the marketplace, approximately half of Nike-owned stores have been temporarily closed, with corresponding dynamics across its partner stores.
Oros Opens Pop-Up In Chicago
Oros, the outerwear start-up based in Portland, OR, has opened a pop-up in Chicago.
Dick’s To Make $5M Donation To Support Girls’ Soccer
Dick’s Sporting Goods announced its 2020 Women’s Initiative highlighted by The Dick’s Foundation’s $5 million grant to U.S. Soccer Foundation’s ‘United for Girls’ Initiative. The retailer has also become the Official Sporting Goods Retailer of USA Softball.
Kansas City Chiefs Merchandise Surges Following Win
According to Fanatics, sales of Super Bowl championship merchandise across the Fanatics network of sites are up more than 70 percent YOY following the Kansas City Chiefs win. The team is on pace to become the second best-selling Super Bowl champion sellers of all-time, trailing only the Philadelphia Eagles in 2018.
