SGB Update Apparel
Olympia Sports Selects Agent To Conduct Closing Sale For 76 Stores
Olympia Sports, the Maine based athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive agent to conduct “Store Closing” sales in 76 stores. Olympia, which was recently acquired by sports retailer JackRabbit, will continue to operate its remaining 75 stores under the Olympia Sports’ banner.
Gildan Activewear Slashes Guidance On Q3 Shortfall
Gildan Activewear Inc. lowered its sales and earnings guidance for the year due to weakness in the imprintables channel and lower sock sales in the third quarter.
HanesBrands Sees 25 Percent Q3 Growth For Champion
Hanesbrands reported sales increased 1 percent to $1.87 billion in the third quarter, highlighted by 25 percent growth for Champion.
Hibbett Sports Launches Same-Day Delivery In Four Regional Markets
Hibbett Sporting Goods Inc. announced same-day delivery via Shipt as the latest enhancement to the www.Hibbett.com shopping experience.
Anta Partners With IOC
The International Olympic Committee (IOC) announced that Anta has become its official sportswear uniform supplier until the end of 2022 at a signing ceremony at the Olympic Museum in Lausanne, Switzerland.
Amazon Seen With Pricing Lead Heading Into The Holiday
Amazon is charging into the holiday shopping season with a strong appeal to consumer wallets, beating other U.S. online retailers on price by 20 percent, on average, across key product categories, according to Profitero’s latest study. Overall, Amazon prices were found to be 20 percent cheaper on average than other online retailers.
Unifi Q1 Revenues Dip 0.9 Percent
Unifi Inc. reported a 0.9 percent slide in sales in the first quarter ended September 30, in line with expectations. A 16 percent volume hike helped offset lower prices. Expense controls improved profitability.
New Balance Partners With Figs
New Balance launched its first capsule collection with medical apparel company Figs that will mark the brand’s first foray into medical apparel design.
Duluth Trading Creates First-Ever Museum Of Man Area And Underwear Shop
Duluth Trading Co. will bring its underwear expertise to life through “The Museum of Man Area and Underwear Shop,” a new concept store designed to showcase the array of Duluth Trading’s underwear styles. The store celebrates its grand opening at Mall of America in Bloomington, MN, on November 7, 2019.
Headsweats Expands Team With Three Hires
Headsweats has rounded out its team with the addition of Katey Martus, Dorothy Pacheco and Megan Scharf. Pacheco joins as a senior account manager, Martus joins as an account manager, and Scharf comes on board as the social media and community manager.
VF Misses Wall Street’s Targets In Q2
VF Corp. reported earnings per share on an adjusted basis in its fiscal second quarter rose 6 percent but came in below Wall Street expectations. The company reiterated its guidance for the year. Among major brands on a currency-neutral basis, Vans again led the way, up 16 percent; followed by The North Face, up 10 percent; and Timberland, 1 percent. Dickies was was down 3 percent.
Puma Lifts 2019 Outlook As Q3 Profit And Revenues Climb
Puma raised its earnings guidance for the year as strong third-quarter earnings and overall momentum is expected to offset the negative impact from new tariffs in the fourth quarter in the U.S. Q3 sales grew 17.0 percent on a currency-neutral basis, led by a 28.5 percent gain in the Asia/Pacific region and a 17.9 percent climb in the Americas region.
Asics Takes Equity Stake In Dreamers Fund
Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
REI To Close On Black Friday For Fifth Straight Year
For the fifth time this Black Friday, REI Co-op will close all its stores, process no online payments and pay all 13,000 employees to #OptOutside with friends and family. But this year, under the leadership of a new CEO and facing a global environmental crisis, the co-op is going a step further: asking its 13,000 employees and 18 million members to join in the fight for life outdoors – and life on this planet.
Gildan Steps Up U.S. Production With $5 Million North Carolina Yarn Mill
Gildan Activewear plans to invest $5 million to revamp and operate a new yarn spinning mill in Eden, NC. The new location will be the company’s fifth state-of-the-art yarn spinning mill in North Carolina.
