Senior Hanesbrands’ executives remain mum on whether the company will retain or eventually divest the Champion business, but they confirm the brand will likely reach its low-water sales point in Q2.

The outdoor product group maintained its full year adjusted sales outlook of 7% to 9% growth but moved its adjusted operating income percentage target up slightly to 16.0% to 16.5% after reporting strong Q1 results.

Net loss attributable to Solo Brands Inc. was $3,402,000 against last year’s profit of $924,000 on sales that were down 3% to $85,324,000 from $88,207,000 for the first quarter, as lower direct-to-consumer e-commerce traffic was partially offset by wholesale growth.

Canadian Tire’s sports banners posted 8% lower sales of C$387.7 million ($287.2 mm) in the first quarter, down from C$420.8 million, including a 6.5% same store sales decline.

The red ink gushed at the recycled and synthetic yarn maker in the fiscal third quarter ended Mar. 31 to $10,295,000 against a loss of $5,184,000 on 5% lower revenues of $148,996,000, down from $156,738,000.

Xtep will divest its wholly owned subsidiary KP Global Investment, which owns the K-Swiss and Palladium brands, to the controlling shareholder Ding family at a transaction valued at $151 million, as it aims to focus on its core Xtep, Saucony and Merrell brands.

Weyco said that revenues at its Bogs outdoor and boot brand declined by nearly half in Q1 to $6,659,000 from $12,820,000, as retailers remain overstocked with the outdoor footwear category.