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Apparel Business Update


The Latest News...

Bass Pro Exploring Financial Options
Bass Pro Shops has hired Moelis & Co. to explore alternatives to raise funds, according to a report in the Wall Street Journal. Sources told the journal one possibility may be a sale of a minority stake...(9/19/2014)

Patagonia to Close NYC Stores During People's Climate March
Patagonia will close all four of its stores in New York City until 3 p.m. Sunday to support the People's Climate March, President and CEO Rose Marcario announced on a company blog...(9/19/2014)

U.S. OUTDOOR Act Introduced in House and Senate
Outdoor Industry Association applauded a group of sponsors for introducing the U.S. OUTDOOR Act in both houses of Congress for the third time since 2009. Developed in close consultation with the outdoor industry, the U.S. textile industry, and congressional representatives, the bipartisan legislation is designed to lower costs for outdoor industry businesses, prevent rising retail prices for consumers and spur innovation by U.S. companies...(9/18/2014)

Under Armour Launches Major MapMyFitness App Portfolio Upgrade For iOS 8
The Under Armour Connected Fitness Team unveiled major app upgrades for iOS 8. The updates are packed with the latest health and fitness features including all-day activity tracking...(9/18/2014)

Shopko Expands Active Wear Assortments
Shopko is significantly expanding its exclusive offering of Energy Zone active wear as part of a broader expansion of its active apparel offering, which already features products from Nike, Puma, Adidas and other brands...(9/18/2014)

Hammer Strength Apparel Launches Partnership with USHL Teams
Hammer Strength Apparel, a new line of performance wear from DryWear Apparel, LLC, is showing its support to the game of hockey by forging partnerships with the United States Hockey League (USHL) Lincoln Stars and Chicago Steel hockey teams, and sponsoring a local elite conditioning camp...(9/18/2014)

VF Corp. Lays Out Timberland's Five-Year Growth Plan
VF Corp. executives laid out their plans to grow Timberland's revenues by $1.4 billion during the next five years to reach $3.1 billion by the end of 2019. Growth in the Americas region will account for nearly half of the anticipated $1.4 billion in total revenue growth, representing an annual growth rate of 14 percent for the region. This U.S. led growth is expected to be balanced across both wholesale and direct-to-consumer channels...(9/17/2014)

Lafuma Group Returns to the Black in the First Half
Lafuma Group of France returned to the black in the first half of 2014, according to Calida Group, which acquired control of the outdoor and action sports apparel company last year. Thanks to the acquisition, Calida reported consolidated sales more than doubled year-on-year to CHF197.4 million ($221 mm), while the operating result (EBIT) and net result were also much higher...(9/17/2014)

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