SGB Update Apparel
Clemson, Nike Announce New 10-Year Deal
Clemson Athletics and Nike reached an agreement for a 10-year, $58 million extension to their all-sport partnership.
Nike Declines To Renew Jameis Winston’s Contract
Nike has opted not to renew the company’s endorsement contract with Tampa Bay Buccaneers quarterback Jameis Winston, ESPN reported.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
Filson To Open Store In Boston
Filson will open the company’s first store in Boston in the Seaport District. The new 3,177-square-foot store at 52 Seaport Blvd. will open on August 16.
NRF Calls Tariffs “Doubling Down” On Harm To U.S. Consumers And Workers
NRF President and CEO Matthew Shay said, “Tariffs are an unacceptable gamble with the U.S. economy and the stakes continue to rise with no end in sight.”
Audax Private Equity Acquires Revolution Dancewear
Audax Private Equity partnered with management to acquire Revolution Dancewear, a leading global supplier of dance recital costumes, competition costumes, footwear and dancewear.
Mitre Replaces Nike As FA Cup Ball Supplier
The English Football Association has entered into a partnership with British football equipment manufacturer Mitre. Mitre replaces Nike.
Respect Your Universe Opens First U.S. Store
RYU Apparel Inc., creator of urban athletic apparel, announced the opening of the company’s first U.S. retail store and the debut of ‘Your Universe’ campaign.
Unifi Elects Board Member
Unifi Inc. announced the election of Eva Zlotnicka to the Board of Directors.
Unifi Delivers 6 Percent Revenue Gain In June Quarter
Unifi Inc.’s earnings climbed 11.7 percent in the fiscal fourth quarter ended June 24 as sales grew 5.9 percent. Adjusted earnings were down due to higher raw material costs.
Gildan Activewear Raises Outlook On Improving Q2
Gildan Activewear reported an earnings gain of 1.2 percent in the second quarter as a 6.8 percent sales gain and expense controls offset lower gross margins. The company slightly raised its outlook for sales and earnings for the year.
Alta Gracia Acquired By Seasoned Team
Alta Gracia, a certified Living Wage apparel company, announced the company’s recent acquisition by Atlanta-based investment group AG Triada, along with lead investor TripleStone Partners. Alta Gracia designs and manufactures athletic lifestyle products licensed for collegiate and professional sports.
REI To Open Grand Rapids Store
In spring 2019, outdoor co-op REI will open a new store in Grand Rapids, MI, the state’s second-largest city. With close proximity to the Grand River, Lake Michigan and the Huron-Manistee National Forests, Grand Rapids is Western Michigan’s hub for outdoor recreation.
Champion To Exit Target
Hanesbrands said Champion sales grew 18 percent in the second quarter to drive a 4 percent sales increase. But the company announced that Champion and Target Corporation will not renew their contract for an exclusive line of C9 by Champion activewear apparel when the current contract expires at the end of January 2020.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
