Net income at the Japanese retailer plummeted 83% to ¥52 million ($0.4 mm) in the fiscal first quarter ended Nov. 30, from ¥298 million last year on revenues that inched down 1% to ¥13,475 million ($93.3 mm) from ¥13,557 million, driven by the rapid depreciation of the yen and higher costs.

Seeking to head off a looming proxy challenge from institutional investors who back ousted CEO Glenn Chamandy, Gildan’s board accelerated the appointment of his replacement, Vince Tyra, who will now take the helm on Jan. 15 instead of Feb. 12.

Under Dog continues to boost its leadership team, appointing Yassine Saidi as chief product officer and elevating Kara Trent to president of the Americas.

The international sneaker and streetwear retailer has elevated Dennis Schröder to CEO, succeeding founder Sven Voth, who will remain with the company for two years.