SGB Update Apparel
Descente’s Q1 Revenues Slide 4.2 Percent
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent.
G-Form Appoints Glen Giovanucci As CEO
G-Form LLC, a leading sports protective gear brand, announced that Glen “Gava” Giovanucci will become chief executive officer of the company at the end of August. Giovanucci will be taking on this leadership role following a highly successful track record of driving significant growth across a diverse set of sporting goods brands. “I look forward […]
Unifi’s Q4 Profits Drop
Unifi Inc. reported sales and pre-tax profitability declined in the fourth quarter ended June 30 that were in-line with expectations. The fabric supplier showed sequential quarter improvement on profitability and cash flows, and forecast volume and revenue growth and significant improvement in profitability for fiscal 2020.
Nike Signs Deal With The University Of Alaska Fairbanks
Nike signed a five-year deal to outfit the athletic teams of the University of Alaska Fairbanks. BSN Sports will supply the merchandise as part of the initiative.
Super Heroic To Develop Nerf Apparel And Footwear Line
Hasbro Inc. and Super Heroic Inc., the kids sneaker brand, announced a licensing agreement to bring Nerf-branded kids’ apparel and footwear to market this August. The line will be available at select Foot Locker and Kids Foot Locker stores.
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.
