SGB Update Apparel
VF Corp. Targets 7-To-8 Percent Annual Growth
VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.
Nike’s Q1 Blows Past Estimates
Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.
YogaClub Attains Funding
YogaClub, a size-inclusive activewear subscription service for women based in El Segundo, CA, secured a credit facility of $2 million from Garden City, NY-based Craft Capital Management.
Ninja Nation Launches Global Franchise Program
Ninja Nation, a leading provider of obstacle course arenas, formally launched its global franchise program. In announcing ambitious growth plans, company leadership set a goal of creating One Million Heroes – children and adults bettering themselves physically and mentally through unique and ever-changing Ninja Nation obstacle courses.
Marshalls Launches Online Store
Marshalls unveiled its e-commerce website, Marshalls.com. The site brings the Marshalls shopping experience online, curating an ever-changing mix of merchandise at value prices.
Adidas America To Fund Cycle-Track Outside Portland Headquarters
Adidas America Inc is looking to spend $1 million for the construction of a cycle-track on the street outside their headquarters in the Overlook neighborhood of north Portland.
Nike Seeking Rejection Of Avenatti Subpoena Requests
Nike has asked a federal judge to reject a subpoena request from celebrity lawyer Michael Avenatti, according to the Portland Business Journal.
HanesBrands Partners With How2Recycle
Hanes has partnered with How2Recycle, a standardized labeling system that will help the company clearly communicate packaging recycling instructions on the nearly 500 million packages of product it sells in the United States and Canada.
OBIT: Patagonia’s Jennifer Ridgeway
Jennifer Ridgeway, considered the brand aesthetic originator of Patagonia, has passed away at the age of 69, according to Outside Magazine.
Asics Accelerates Climate Initiatives
Asics announced it is committing to set 1.5°C science-based emissions reduction targets aligned with a net-zero future by 2050, responding to what climate science indicates is needed to limit the worst impacts of climate change.
Levelwear Appoints National Sales Manager – Golf & Corporate Sales
Canadian apparel brand Levelwear announced that 40-year industry veteran Bob Else has accepted their vacant position of national sales manager – Golf and Corporate Sales.
HanesBrands Donates Underwear To Assist Hurricane Dorian Victims
HanesBrands announced that the company is donating $1 million of underwear to assist Hurricane Dorian victims in the Bahamas and coastal North Carolina.
J.C. Penney Preparing For Debt Discussions
J.C. Penney is preparing for discussions that could ease its debt burden ahead of the critical holiday shopping season, according to a report from Bloomberg.
Boardriders Launches Multi-Year Growth Agenda And Repositioning Of Key Executives
Boardriders, Inc., the owner of action sports brands including Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced that it is launching a multi-year growth agenda by investing in a range of strategic initiatives across seven major pillars, fueled by its substantial progress in integrating the Billabong acquisition onto the Boardriders platform. In parallel, the company is also repositioning a number of key executives.
Asics Partners With The Mouratoglou Academy
Asics has announced it will become the official tennis footwear and apparel partner of the prestigious Mouratoglou Academy, as part of a multi-year deal.
