June 11, 2018
With trade tensions escalating by the day, sneakers, athletic apparel and sports equipment continue to fly beneath the radar, but the unpredictability of U.S. policy leaves many executives wondering about the future.
GIL said a growing consumer preference for fashion basics apparel made from lighter-weight, softer, ringspun yarn and willingness to pay significantly higher prices there is its primary growth driver.
Crocs’ multi-year realignment in which it closed stores, converted unprofitable foreign markets to distributors and boosted margins by tightening distribution and inventory management has positioned it for long-term profitable growth, it told investors at the Stifel conference.
The two retailers will have a combined $1.5 billion in sales, including $400 million in e-commerce sales, according to a release from the company.
In yet another bold move to solidify its lead in licensed retailing, Fanatics will open 325 fan shops in JC Penney doors immediately and anticipates adding another 325 by Back-to-School.
Various sources have confirmed that the 20-time Grand Slam winner’s contract with the Eager Beavertons expired on Mar. 1.
Plaintiff’s attorneys will rake in $95 million of the $290 million judgment, plus $1.5 million in expenses, while the 16,000 retiree class members will share the rest, according to an amended final judgment issued by the U.S. District Court judge.
May sales at Yue Yuen increased 8.3% to $876,356,000 up from $809,460,000, and Pou Sheng retail sales gained 20.9% to $276,241,000 from $228,511,000.