SGB Update Apparel
Anta Sports Revenue Up 44 Percent In First Half Of 2018
Anta Sports Products Ltd. reported that revenue increased 44.1 percent to RMB1.94 billion for the six months ended June 30, 2018. Profit attributable to equity shareholders increased 34 percent to RMB1.94 billion, while basic earnings per share increased 29.4 percent increase to RMB72.44 cents.
Colorado ‘Thrilled’ To Welcome VF Corp.’s New Global Headquarters
As part of VF Corp.’s decision to separate into two publicly traded companies, the corporation will move VF’s headquarters to the Denver metro area, a move lauded by Colorado’s Office of Economic Development and International Trade.
NRF Upgrades 2018 Economic Forecast But Says Tariffs Remain Threat
The National Retail Federation on Monday increased the federation’s retail sales forecast for 2018, saying sales are expected to grow more than previously predicted thanks to tax reform and other positive economic inputs, but warning that tariffs threaten to dampen consumer confidence.
Stance To Open First Store In Southern California
Socks brand Stance announced that the company will open the company’s first Southern California retail location in the Irvine Spectrum Center on August 18.
VF Corp. To Split Into Two Independent, Publicly Traded Companies
Apparel, footwear and accessories giant VF Corp. announced Monday morning that the company’s board of directors intends to separate the company into two independent, publicly traded companies: VF Corp., an apparel and footwear company that will move the company’s headquarters to Denver and a yet-to-be named company (NewCo) that will hold VF’s jeans and outlet businesses.
Nike Sued For ‘Devaluing And Demeaning’ Women
Nike Inc. is the target of a class-action lawsuit by women claiming discrimination against the global footwear and apparel giant. Cahill et al v. Nike Inc. was filed Thursday in the U.S. District Court, District of Oregon. The suit doesn’t ask for specific damages, but instead for Nike to implement fair pay practices throughout the organization.
Apparel Impact Institute Appoints Lewis Perkins As President
The Apparel Impact Institute (AII), a collaboration of brands, manufacturers and industry stakeholders that have come together to select, fund and scale high-impact projects that dramatically and measurably improve the sustainability outcomes of the apparel and footwear industry, announced Lewis Perkins as the institute’s inaugural president. Perkins, 47, was most recently president of the Cradle to Cradle Products Innovation Institute.
The Buckle’s Comps Expand In July
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the four-week period ended August 4 increased 2.3 percent.
Hibbett Sports Partners With Jermaine “Funnymaine” Johnson
Hibbett Sporting Goods Inc. announced a partnership with comedian Jermaine “Funnymaine” Johnson, aka “The Bama fan on the couch,” as the exclusive Funnymaine Collection licensed apparel in-store retail partner.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Duluth Holdings Launches New E-Commerce Platform
Duluth Holdings Inc., dba, Duluth Trading Co., a lifestyle brand of men’s and women’s casual wear, workwear and accessories, has implemented a new e-commerce platform aimed to enhance customers’ digital shopping experience.
5.11 Opens Retail Store In St. Louis, MO
Tactical apparel and gear maker 5.11 has opened a brick-and-mortar retail store in St. Louis, MO, the brand’s 39th U.S. retail store opening and 30th store opening in the past 18 months. St. Louis provides another building block to 5.11’s 2018 retail expansion goal of 50 company-owned retail stores.
Adidas Q2 Earnings Top Estimates On China And U.S. Growth
Powered by double-digit growth in China and the Americas, Adidas reported second-quarter earnings topped analyst expectations and confirmed the company’s outlook for the year. Reebok’s sales were again down and a charge was taken against the brand due to an accounting correction.
Canadian Tire’s Q2 Sales Miss Plan
Canadian Tire’s sales came in lower than expected in the second quarter due to a cold April. FGL Sports, the parent of Sport Chek, saw comps decline 3 percent.
Adidas To Sponsor Thomas University
Adidas has struck a deal to partner with Thomas University, based in Thomasville, GA, for the next three years.
