Outdoor companies working on sustainability: OIA report

2018/08 19 17:08

Courtesy: Outdoor Industry Association Outdoor companies, regardless of size, are implementing sustainability practices realising their role in environmental and community stewardship, according to the first-ever State of Sustainability in the Outdoor Industry report which found that 75 per cent of participating companies had at least one employee who was responsible for sustainability efforts. The report […]

Decker Brands sales climb 19.5% in Q1FY19

2018/08 08 13:08

Courtesy: Deckers The net sales of Deckers Brands in the first quarter of fiscal 2019 has increased 19.5 per cent to $250.6 million compared to $209.7 million for the same period last year. On a constant currency basis, net sales increased 17.6 per cent. For the reported period, the gross margin was 45.9 per cent […]

Iconix Brand ties up with Sports Direct

2018/08 08 13:08

Courtesy: Iconix Brands Iconix Brand Group has entered into collaboration with Sports Direct International. The two have signed a cooperation agreement in this connection, pursuant to which Sports Direct has the right to appoint two members of the company's board of directors. Justin Barnes, of IBSL Consultancy, has been appointed to the board with immediate […]

Square Capital to give eBay’s sellers access to funds

2018/08 08 13:08

Courtesy: Ebay EBay and Square Capital have come together to provide eBay’s sellers in the US access to funds. While many small businesses struggle for financing, Square Capital will give eligible eBay sellers a simple, seamless, and transparent funding experience. Select eBay customers will begin getting invitations to apply for loan through Square Capital later […]

HanesBrands sales climb 4% in Q2FY18

2018/08 08 13:08

Courtesy: HanesBrands For the second quarter of fiscal 2018, HanesBrands has reported net sales growth of 4 per cent to $1.72 billion versus a guidance range of $1.7 billion to $1.725 billion. Organic sales in constant currency, excluding acquisition contributions, increased slightly. Gaap operating profit was posted at $220 million and adjusted operating profit at […]

US suspends duty-free status of Rwandan apparel under AGOA

2018/08 08 13:08

Courtesy: Unsplash US President Donald Trump recently issued a proclamation suspending application of duty-free treatment for all apparel items from Rwanda under the African Growth and Opportunity Act (AGOA). Rwanda, however, remains eligible for non-apparel benefits under AGOA. “We regret this outcome and hope it is temporary,” said Deputy US Trade Representative (USTR) CJ Mahoney. […]

Levi Strauss unveils new climate action strategy

2018/08 08 13:08

Courtesy: Levi Strauss Levi Strauss has announced a new climate action strategy, which sets aggressive targets for reducing carbon emissions across its owned-and-operated facilities and global supply chain by 2025. This includes using 100 per cent renewable electricity in company-owned facilities. Levi Strauss & Co. a global leader in jeanswear, headquartered in the US. While […]

DuPont Sorona joins hands with bluesign

2018/08 08 13:08

Courtesy: Dupont Sorona DuPont Industrial Biosciences’ bio-based, high-performance polymer Sorona has joined hands with bluesign, that unites the textile supply chain to reduce impact on people and the environment, ensure responsible use of resources, and guarantee the highest consumer safety. Sorona is a versatile polymer comprising 37 per cent renewable plant-based ingredients. DuPont Sorona uses […]