September 20, 2018
The layoffs amount to about 3% of its global workforce and will add $10 million in severance costs to the $190 to $210 million cost of the company’s previously announced restructuring plan.
Ads promoting stricter gun control have aired 102,636 times, 22 times more than the 4,491 that were shown four years ago, according to an analysis by the Wall Street Journal of data from Kantar Media.
Having no doubt noticed Lululemon’s booming men’s business that has grown from a tiny base to 22% of revenues in the past few years, GPS is launching Hill City, a men’s technical apparel brand.
The former Badger Sportswear will add the San Marcos, CA-based on-demand apparel manufacturing company to its portfolio which includes Badger Sport as well as Alleson Athletic and Garb Athletics that were acquired in Q4 last year.
Gregory Mountain Products sales jumped 10% in the first half to $29.1 million from $26.5 million, while the less technical and more lifestyle oriented High Sierra gained 2% to $45.0 million from $44.0 million.
Outdoor recreation accounted for 2.2% of GDP in 2016, according to a just-released Bureau of Economic Analysis report, and grew 1.7% from 2015, outpacing the 1.6% growth from the overall economy.