SGB Update Apparel
Barneys New York Files For Bankruptcy Protection
Barneys New York filed for bankruptcy protection and announced plans to close 15 of its locations.
Trade War Escalates With Currency Manipulation Charges
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade, prompting the Trump administration to take the historic step of labeling China a currency manipulator.
The North Face Announces 2019 Explore Fund Grant Recipients
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
JCPenney Appoints EVP Of Stores
J.C. Penney Company Inc. announced that James (Jim) DePaul has been named executive vice president of stores, effective August 5, reporting directly to Jill Soltau, chief executive officer.
Wacoal International Acquires Lively
Wacoal International Corporation, parent company of Wacoal America, Inc. and CW-X, announced the acquisition of Intimates Online, Inc., best known as the brand Lively.
Nike Extends Deal With National Women’s Soccer League
Nike and the National Women’s Soccer League (NWSL) have agreed to an extended partnership through 2022 in which Nike remains the league’s exclusive partner of uniforms, apparel and equipment.
Asics North America Sees Sales Increase In Q2
The second quarter of 2019 for Asics North America (ANA), which includes the United States, Canada and Mexico, showed positive regional growth year-over-year and increased traffic to both online e-commerce and retail channels. This marks the second consecutive quarter of growth for Asics North America.
Columbia’s Tim Boyle Speaks Out Against Tariffs
In a statement, Tim Boyle, president and CEO of Columbia Sportswear Co., decried President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports. He said in part, “We’ve been fortunate to have a strong economy for the past decade. Let’s not tank the economy with the misguided conception that trade wars are fun.”
Augusta Sportswear Acquires Pacific Headwear
Augusta Sportswear, a leader in sports apparel, uniforms and accessories, announced that it has acquired Pacific Headwear, a privately held company based in Coburg, OR. The terms of the agreement were not announced.
Trump Says U.S. Will Impose 10 Percent Tariffs On Another $300 Billion Of Chinese Goods
Industry and retail trade organizations reacted quickly to criticize President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports, taking effect on Sept. 1, 2019. These tariffs will target “List 4” products – products including footwear and apparel that have not previously been subject to tariff increases.
Gildan Activewear Returns To Growth In Q2
Gildan Activewear Inc. reported earnings on an adjusted basis grew 3.1 percent in the second quarter as sales increasd 5 percent. The guidance was reaffirmed for the year.
Dick’s Launches DSG Brand
Dick’s Sporting Goods announced the launch of DSG, its newest athletic gear and apparel line that offers athletes an expanded assortment of styles and sizes for women, men and youth.
HanesBrands Submits Data For 2019 CDP Climate Change Report
HanesBrands has voluntarily disclosed its carbon emissions and related information for the CDP 2019 Climate Change Report for the 10th year. The disclosure shows progress toward the company’s 2020 goals for use of renewable energy, total energy use and carbon emissions.
Nike And Jordan To Outfit Basketball Africa League
The Basketball Africa League (BAL) announced Nike and Jordan Brand will be the exclusive outfitter of the new professional league featuring 12 club teams from across Africa and scheduled to begin play in March 2020.
HanesBrands’ Q2 Boosted By Double-Digit Activewear Growth
HanesBrands delivered strong Q2 results at the high end of guidance for net sales, operating profit and EPS. Total sales were up 3 percent, led by gains of more than 50 percent at the Champion brand.
