SGB Update Apparel
Under Armour’s Q1 Tops Wall Street’s Targets
Under Armour Inc. reported break-even results in the first quarter, exceeding Wall Street’s expectation. Sales also came in slightly ahead of expectations. Sales in North America were flat while international growth was 27 percent. The company maintained its guidance for the year.
VF Corp. Completes Sale Of Nautica
VF Corporation announced that the company has completed the sale of the Nautica brand business to Authentic Brands Group, LLC (ABG).
HanesBrands’ Q1 Tops Guidance
HanesBrands reported adjusted earnings in the first quarter declined 10 percent in part due to raw material inflation but earnings topped guidance. Sales grew 7 percent on robust growth internationally and high-single-digit growth for Champion domestically.
L.L.Bean To Open Store In Hilldale
L.L.Bean plans to open the company’s second Wisconsin store May 11 with giveaways and an outdoor party.
Nike Appoints New GM Of Global Categories
Nike Inc. announced that Amy Montagne has become the new VP, GM of global categories. Nike also confirmed that Kellie Leonard has become its first-ever chief diversity and inclusion officer.
Teamwork Athletic Apparel Appoints New National Sales Director
Teamwork Athletic Apparel, the maker of licensed apparel and team uniforms, hired Jeff James as national sales director.
Ex-Adidas Team Director Pleads Guilty In NCAA Bribery Case
The former director of an Adidas-sponsored travel basketball team, Thomas “T.J.” Gassnola, pled guilty to federal wire fraud charges and agreed to cooperate with prosecutors in the government’s NCAA basketball bribery case, according to court documents made public Friday.
Perry Ellis To Redeem $50 Million In Notes
Perry Ellis International Inc. said the company notified U.S. Bank National Association of intent to redeem the remaining $50 million of the company’s outstanding 7.875 percent senior subordinated notes due in 2019.
Amer Sports Acquires Peak Performance
Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group.
Nike Named Official Partner Of Berlin 2018 European Athletics Championships
Nike signed on as the Official Partner of the Berlin 2018 European Athletics Championships.
’47 Opens Store In Petco Park
’47, the fan apparel specialist, announced the opening of the company’s first official team store in Petco Park – home to the San Diego Padres.
Perry Ellis Extends Deadline For Board Nomination
Perry Ellis International announced the board of directors has extended the window in which the company must receive proper written notice of the nomination of a director candidate in connection with its 2018 annual meeting of shareholders to May 18, 2018.
Columbia Sportswear Net Income Soars 25 Percent In Q1
Columbia Sportswear Co. reported that net income grew 25 percent to $45.1 million on 12 percent revenue surge in the first quarter, beating analysts’ estimates. First-quarter net income was $45.1 million, or 64 cents per share, compared with first quarter 2017 net income of $36 million, or 51 cents per share. Analysts expected the company to earn 58 cents per share in the quarter.
Patagonia Invests In NuMat Technologies
NuMat Technologies, an advanced materials startup focused on programmable nanomaterials, has received an investment from Tin Shed Ventures, Patagonia’s strategic investment arm.
Adidas Signs Wyoming
Adidas reached an agreement to become the official athletic footwear, apparel and accessory for the University of Wyoming.
