January 10, 2017
GIL’s winning bid was $88 million for American Apparel’s brand and assets, but there’s no indication it will maintain any of the company’s U.S. manufacturing capacity.
Coming off of a Holiday sales performance that finished at the top end of its guidance despite a tough environment, LULU promised investors at ICR that it would continue to deliver strong gross margin gains at least through the first half of 2017 and incremental gross margin gains after that as it benefits from scale in buying, less occupancy deleverage from its international expansion and leverage of its product development costs.
GCO gave some color to the Holiday comps at its retail banners it reported yesterday, in a presentation to the ICR investors’ conference.
SPWH mapped out its growth strategy to open profitable stores in markets that can’t support a Cabela’s or Bass Pro or Gander Mountain, in a presentation at the ICR conference.
The president of TNF since 2011 and long-time VF Corp. veteran is resigning from the company and will be replaced by Scott Baxter on an interim basis.
The flip flop sandal maker was sold to the private equity firm by husband and wife owners Nellie and Sheng Yen Lin who acquired Flojos in 1996.
The company appointed Patagonia Footwear and Merrell veteran Andrew Mills as its new sales manager, replacing Jonathan McFarland, who moves to the operations manager role.