SGB Update Apparel

Lululemon Provides Update On China Operations

Lululemon Athletica Inc. said that following guidance from local authorities, the majority of Lululemon’s 38 stores in China have been closed for a period of time since February 3, 2020, with some now operating on a reduced schedule. The company’s online business has continued to operate.

BSN Sports Acquires Longstreth’s Team Apparel, Lacrosse And Softball Businesses

BSN Sports, a division of Varsity Brands, announced the acquisition of certain team sports businesses from Longstreth Sporting Goods, based in Spring City, PA. Specifically, BSN Sports has acquired Longstreth’s lacrosse and softball team sports businesses, as well as exclusive rights to supply uniform or team apparel and footwear to Longstreth’s field hockey team customers.

Gildan Activewear’s Revenues Decline 11 Percent In Q4

Gildan Activewear reported earnings on an adjusted basis were down 6.2 percent in the fourth quarter. Sales fell 11.3 percent as activewear sales were hurt by lower imprintables volumes in North America.

REI Ranks As Top Employer

REI Co-op was again recognized as a top employer, ranking 60 on Fortune’s 100 Best Companies to Work For list.

Foot Locker Announces 2020 Capital Allocation Plans

Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2020, compared to the approximately $187 million spent in 2019.

authorized two capital allocation initiatives which provide for both a meaningfully-enhanced dividend and sustained investment in the organic growth of its business.

Puma’s Q4 Revenues Climb 21 Percent

Puma reported earnings jumped 55.0 percent in the fourth quarter on a  30.6 percent revenue gain. All regions and all product divisions were up by double digits. Puma warned, however, that the coronavirus outbreak has been impacting 2020 results.

Golf Rounds Played Climb In December

Golf rounds played for December 2019 rose 8.3 percent nationally compared to a year ago, according to Golf Datatech. For the year, gold rounds played grew 1.5 percent.

Pop Warner Launches Its Own Uniform Brand

Pop Warner Little Scholars Inc., the nation’s premier youth football organization, is introducing its own brand of custom-designed tackle football, flag football and cheerleading uniforms. Pop Warner’s decision to create its own uniform brand is in response to local team administrators around the nation who wanted a simpler, more cost-effective and reliable alternative to ordering uniforms.

Anta Sports Sees Coronavirus Outbreak Impacting First-Half Results

Anta Sports Products expects the coronavirus outbreak will impact its financial performance in the first half of 2020 but is aiming for a recovery in the second half, the Chinese company said in a stock exchange filing. Roughly 40 percent of the company’s stores in mainland China have re-opened.

Moody’s Assigns A3 Ratings To VF’s Proposed Euro Notes

Moody’s Investors Service assigned A3 ratings to V.F. Corporation’s proposed senior unsecured Euro notes. The stable outlook reflects Moody’s expectation that the company will maintain its strong position in the global apparel industry and sustain longer term positive trends in revenue growth while continuing to generate healthy operating margins.