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Apparel Business News


Foot Locker's Q1 Earnings Climb 13.6 Percent
Foot Locker Inc. reported first-quarter earnings jumped 13.6 percent to $184 million, or $1.29 a share. Results easily topped Wall Street's consensus estimate of $1.23 a share. Same-store sales jumped 7.9 percent. Richard Johnson, president and CEO, noted that the period marked "the most profitable quarter in our history" and saw "strong performances across our channels, geographies, banners, and categories."...(5/22/2015)

Hibbet Reports February Weather Trimmed Fiscal First Quarter Sales Growth
Hibbett Sports Inc. reported net sales increased 3.0 percent to $269.8 million for the fiscal first quarter ended May 2, or just shy of Wall Street consensus estimates of $274.1 million. The retailer, which operates 1,001 sporting goods stores primarily out of malls and strip centers in small and mid-sized towns in the South, Midwest and Mid-Atlantic states, said comparable store sales decreased 0.9 percent due primarily to unfavorable weather in February...(5/22/2015)

Karmaloop Acquired in Bankruptcy Auction
Karmaloop, Inc., a 15-year-old online retailer specializing in streetwear, action sports and music-inspired clothing, announced that Comvest Partners, of West Palm Beach, and CapX Partners, Chicago, are acquiring all of Karmaloop's businesses, including Karmaloop.com, PLNDR, Kazbah and Karmaloop Europe and investing significant growth capital into the business...(5/22/2015)

West Coast ILWU Workers Approve New Contract
West Coast Longshore workers overwhelmingly voted to ratify a tentative contract agreement reached in February with employers represented by the Pacific Maritime Association (PMA)...(5/22/2015)

Berghaus Joines Bluesign
Berghaus, the British maker of outdoor gear, has joined the international Bluesign sustainability system as part of an ongoing efforts to eliminate harmful substances from the firm’s supply chain...(5/22/2015)

Senate Approves Fast-Track Authority
President Barack Obama on Thursday moved closer to delivering a landmark trade deal that would cut the cost of some imported footwear when the U.S. Senate voted 62-38 to move forward with a bill that would grant the president fast-track authority he needs to consummate the 12-nation Trans-Pacific Partnership trade talks...(5/21/2015)

Ross Stores Profit Rises on Higher Sales
Ross Stores, Inc. reported earnings per share of $1.37 for the first quarter ended May 2, 2015, up from $1.15 in the prior year. Net earnings grew to $282 million...(5/21/2015)

Cold Pruf Base Layer Names Director of Marketing
ColdPruf Base Layer, a brand of Indera Mills and manufacturers of performance base layers, has hired Ian Connor as director of marketing...(5/21/2015)



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