SGB Update Apparel
Under Armour Swings to Profit, Boosts 2019 Outlook
Under Armour Inc reported stronger-than-expected first quarter earnings while boosting its full-year earnings guidance, as solid overseas demand offset a fall in North American sales.
Champion Drives HanesBrands’ Q1 Gains
HanesBrands Inc. reported net sales in the first quarter increased 8 percent on strength of 10 percent constant-currency organic growth, including global Champion constant-currency sales growth of 75 percent.
Gildan Activewear’s Q1 Earnings Plunge
Gildan Activewear reported net earnings dropped 66.6 percent in the first quarter on a decline of 3.6 percent in revenues. The company said results were in line with expectations and it maintained its adjusted earnings guidance for the year.
Modell’s Appoints CFO
Modell’s Sporting Goods has officially hired David Stern to the role of executive vice president and chief financial officer. Stern will play an intricate role in strategic planning and growth opportunities for Modell’s while overseeing the finance and information technology departments.
Adidas Partners With Little League Baseball And Softball
Little League Baseball & Softball and Adidas announced a multi-year partnership in which the Portland, OR-based company will be Official Sponsor & Supplier of uniform, footwear & coaches apparel. Adidas replaces Russell Athletic.
Cotopaxi Announces New VP Of Design
Cotopaxi, a Certified B Corp that creates outdoor products and events, named industry veteran Evie Moe as new VP of design.
Foot Locker Partners With Champion On Esports Initiative
Foot Locker Inc. announced a collaboration with Champion Athleticwear and five top tier esports teams.
Puma Hires New SVP, Wholesale, North America
Puma appointed John Miller as senior vice president, wholesale for Puma North America.
Unifi Lowers Full-Year Guidance On Import Pressures
Unifi Inc. reported a net loss in the third quarter ended March 31 and reduced its earnings guidance for the year. The yarns specialist said it’s being hurt by foreign currency headwinds and pricing pressures from increased imports of polyester textured yarn from China and India.
PVH To Make Nike-Branded Underwear
PVH Corp. entered into a licensing agreement with Nike Inc. for the design, sourcing, marketing and worldwide distribution of Nike-branded men’s underwear.
USA Swimming Hires Chief Commercial Officer
USA Swimming, the national governing body for the sport of swimming in the U.S., hired Shana Ferguson, a former Under Armour executive, as its new chief commercial officer (CCO).
Fabletics To Open 12 Stores In 2019
Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013, announced its New York City debut with the opening of a pop-up shop in SoHo. The pop-up space kicked off the brand’s 2019 retail expansion which will include 12 new permanent retail stores throughout the U.S.
Academy Sports Opens Store in Ardmore, OK
Academy Sports + Outdoor opened its first store in Ardmore, OK, representing its 13th store in Oklahoma.
Report: Modell’s Re-Secures Vendor Support
A report that ran Sunday in the Wall Street Journal shows that Modell’s Sporting Goods has regained shipments from the wide majority of its vendor base following concerns over the sporting goods retailer’s hiring of a restructuring firm.
RYU Announces Three New Appointments To Executive Team
RYU Apparel Inc., creator of urban athletic apparel, announced the appointments of Ryan Lindholm as SVP of marketing and innovation, Danielle Hinan as director of brand and Bethany Young as creative product design director.
