All Champion articles – Page 2
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News briefsHanesBrands’ activewear operating profit slips by 54 percent in Q3
Operating profit for HanesBrands’ Activewear segment fell 54 percent to $24,853,000 from $53,491,000 for the period ended Sep. 30. Activewear sales tumbled 17 percent to $383,600,000 from $461,043,000 as the segment experienced declines across most channels and brands that were driven by ongoing category headwinds, soft consumer demand and excess ...
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News briefsWHP Global and Authentic reportedly interested in buying Champion
WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company HanesBrands, according to a report by CNBC. Sources also said, however, that a deal is not close to completion, and if HanesBrands ever moves forward, it will not select a buyer until 2024. WHP ...
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News briefsHanesBrands evaluates strategic options for its Champion brand, weighs potential sale
HanesBrands has announced that its board and executive team are assessing strategic options for the global Champion business, including “a potential sale or other strategic transaction,” the company said in a statement. That does not mean that the assessment process will result in any particular transaction or strategic outcome regarding ...
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News briefsHanesBrands and G-III announce licensing agreement for Champion, C9 Champion outerwear
HanesBrands and G-III Apparel Group have entered into a strategic, multi-year licensing agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, which includes exploring opportunities in Champion’s global network as a key partner. “G-III’s proven track record in category expansion ...
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ArticleChampion drags down Hanesbrands in Q2
Hanesbrands senior management described Champion’s European business as “holding ground” in a tough market with a challenged consumer, with Footwear performing well. However global sales are down and the company has announced measures to move forward the purpose of the brand and revised its FY23 outlook. Champion under pressure in ...
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ArticleActivist investor wants changes at Hanesbrands
Barington Capital Group, a New York hedge fund manager, fired off a five-page letter to Hanesbrands’ Chairman Ronald L. Nelson on Aug. 7 demanding significant changes at the apparel firm and parent of Champion. The activist investor, led by James Mitarotonda, wants the underwear and activewear company to create long-term ...
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News briefsInterim CFO of HanesBrands assumes permanent role
Source: HanesBrands Scott Lewis Champion’s parent company HanesBrands announced that Interim Chief Financial Officer Scott Lewis has been appointed Chief Financial Officer, effective immediately. Lewis will also continue in his role as Chief Accounting Officer, a position he has held since 2015. A 17-year veteran of HanesBrands ...
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AnalysisThe top sporting goods industry performers by sales and profit Q1 2023
Our 2023 Q1 Scorecard includes the revenue and profit development of 48 sporting goods companies, as well as the headlines and analysis
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ArticleSporting Goods 2022 – The top companies worldwide by sales and profit
Our updated 2022 Sporting Goods Scorecard brings you the industry winners, with revenue & profit development of 47 sporting goods companies.
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ArticleLong-term growth outlook for Champion is solid despite current challenges
Hanesbrands, the Champion parent, is excited about the long-term outlook for the activewear brand despite current brand challenges in the U.S. and China. Besides facing lower sell-in shipments in China in Q1, Champion’s business was negatively impacted in its home U.S. market by a slowdown in consumer spending and high ...
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ArticleHanesBrands launches global sustainability pledge for its employees
HanesBrands Inc, the owner of Champion, has released its 2022 Sustainability Summary Report, highlighting significant achievements in the areas of People, Planet and Product, and in creating more sustainable products. “HanesBrands continues to build on our leadership position in sustainability by improving the lives of people, protecting ...
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News briefsThe Athlete’s Foot appoints Beth Greenfield as lead merchandiser and buyer
Specialty footwear and lifestyle chain The Athlete’s Foot has announced industry veteran Beth Greenfield as its new lead merchandiser and buyer. Greenfield has over 25 years of experience in retail, buying and merchandising, working for brands like Champion, Puma, Footlocker, and Citi Trends. In her new role at The Athlete’s ...
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News briefsHanesBrands appoints president for Champion Europe
Source: Business Wire Lorenzo Moretti, new President of Champion Europe HanesBrands announced that Lorenzo Moretti has been appointed president of Champion Europe, effective July 2023. Moretti will lead Champion Europe’s direct-to-consumer business and build on the company’s strong position in wholesale channels. The focus is on growing ...
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ArticleHanesbrands shifts capital allocation strategy, shares plunge
Hanesbrands, the Champion parent, faced with numerous near-term challenges that are not expected to wane during H1, has lowered its guidance and eliminated its quarterly dividend, as it aims to accelerate debt reduction and shore up its balance sheet.
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News briefsHanesBrands raises Q4 outlook and announces CFO departure
HanesBrands, the parent company of Champion and other apparel brands, has announced that it expects fourth-quarter 2022 sales to be slightly above the top end of its outlook range. The company has also adjusted operating profit at the midpoint of the range. Its fourth-quarter investor conference is scheduled for Feb. ...
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ArticleHanesbrands’ activewear operating profit declines 30% on flat sales
Faced with an operating environment that is weighing on its near-term performance in both innerwear and activewear, Hanesbrands is taking numerous actions to revitalize an activewear segment that includes its Champion business. The company, anticipating “a challenging consumer environment” for a period of time, continues to reduce its SKU count, ...
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ArticleAnalysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
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News briefsCarhartt appoints Susan Hennike as chief brand officer
Source: Carhartt Susan Hennike The U.S. workwear brand Carhartt, family-owned and managed by the descendants of the company’s founder, Hamilton Carhartt, has hired Susan Hennike as its new chief brand officer. She is an apparel industry veteran with managing experience from Nike, Adidas International and a 12-year ...
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ArticleHanesbrands remains committed to Champion despite difficult quarter
Despite a challenging second quarter for the business, Hanesbrands continues to make global investments and possesses high aspirations for Champion activewear. Facing a difficult comparison, Champion, a significant part of the group’s activewear segment, posted a 25 percent sales decline. Overall, the group’s activewear segment suffered a 44 percent decline ...
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News briefsWolverine sells Champion footwear license to HanesBrands
Wolverine Worldwide has announced that its wholly-owned subsidiary Keds, LLC has sold the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc (its licensee for over 35 years) for $90 million in cash. As part of the agreement, Wolverine retains a perpetual license to continue using the ...
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