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May 22, 2024


VF Corp. Expects Improvement after Annus Horribilis

Finishing his first fiscal year as VF CEO, Bracken Darrell said the company’s turnaround is proceeding pretty much as he expected it would, working through the reset of Vans, the U.S. business and cost cutting in preparation for a return to growth.

Topsports Returned to Growth Last Year

Net income attributable to shareholders increased 20% to RMB 2,211.3 million ($312.2 mm) in the fiscal year ended Feb. 29, up from RMB 1,836.6 million, as revenues at China’s biggest sportswear retailer grew 7% to RMB 28,933.2 million ($4,084.3 mm) over RMB 27,073.2 million.

Delta Apparel CEO is Out, Future Uncertain

Delta Apparel chairman and CEO, Robert Humphreys has resigned from his post at the request of its board’s independent directors, according to an SEC filing, the latest of several moves that seem to point in the direction of a sale or reorganization.

Sun Choe is Leaving Lululemon

Choe has been LULU’s chief product officer since 2018, and is credited with overseeing the design choices that have broadened the brand’s appeal in recent years, including its entry into footwear.

Sierra Contributes to TJX Q1 Gains

The outdoor banner ended the fiscal first quarter with 97 stores along with its e-commerce platform, up two from the end of the year.

Imperial Acquires Pukka

The headwear, apparel and accessories maker has inked an agreement to acquire OH-based premium custom headwear company, Pukka, Inc., for undisclosed terms.

NRI Expanding into Europe, U.K.

The third-party logistics provider, which distributes dozens of outdoor and sporting goods brands in the U.S. and Canada, will expand into Europe and the United Kingdom.

Bass Pro and Mack’s Prairie Form Partnership

Bass Pro announced a “union” with 80-year old Mack’s Prairie Wings in a press release, though it was not clear if the 125,000-sq.-ft. waterfowl mecca had been acquired.

SFIA Elevates Kerman and Hoffman

The Sports & Fitness Industry Association promoted Alex Kerman to senior director of research and business operations from director, and Chandler Hoffman, who previously served as manager of business development, to director of membership and technology.

Etcetera: Insite, Topgolf, Fanatics, VF Corp., Asics

 
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