Atlanta Journal-Constitution’s Post

Former Xile managing director Paul Mullen tells Drapers about running the Scottish menswear indie under the ownership of JD Sports Fashion and Frasers Group, before he was made redundant in April and all three of the stores were closed – and why he is now launching his own premium menswear brand. Read his full comment by registering for FREE below. #comment #menswear #Xile #indie #independent #fashionnews #retailnews

Former Xile managing director Paul Mullen tells Drapers about running the Scottish menswear indie under the ownership of JD Sports and Frasers Group, before he was made redundant in April and all three of the stores were closed – and why he is now launching his own premium menswear brand. Read his full comment by registering for FREE below. #comment #menswear #Xile #indie #independent #fashionnews #retailnews

[Debt-Saddled Hanesbrands Might Sell Champion] A “for sale” sign might be coming to Champion. Hanesbrands Inc. on Tuesday said it’s eyeing a “broad range of alternatives” for the activewear brand, after activist investor Barington Capital urged the North Carolina apparel company to shave down its $3.6 billion debt bill last month. Though it might end up keeping Champion, the Hanesbrands board is mulling a sale or “other strategic transaction” focused on driving value for shareholders, the company said in a statement. According to Hanesbrands chairman Ronald L. Nelson, Champion could benefit from ownership separate from the innerwear specialist, which built an empire on close-to-skin garments from Hanes, Bali, Playtex and Maidenform. CEO Steve Bratspies said Hanesbrands is working to “drive accelerated growth and profitability” while streamlining the business and priming the company for “long-term success.” News of a potential Champion sale comes as Hanesbrands closes its lone remaining U.S. cut-and-sew facility this month. It ran into trouble last year when it wound up with too much inventory like much of the apparel industry. Many retail partners cut innerwear replenishment orders this year, and Champion sales fell short of expectations, leaving the highly leveraged company in a financial pressure cooker. Hanesbrands got started on cutting costs last month when it relocated of a few hundred U.S. jobs offshore after January layoffs. Two years ago, the company announced a plan to shore up finances and streamline its global supply chain. Barington Capital chairman James Mitarotonda in August turned up the heat, telling Nelson to get Hanesbrands back to creating shareholder value. “In order to reverse Hanesbrands’ rapidly declining share price, we believe the company must immediately focus on cash generation and debt reduction while also considering new management and directors to implement these performance enhancing initiatives,” Mitarotonda wrote in a letter to Nelson. Hanesbrands fired back at Barington, stating that the board has the “right mix of expertise and diversity” and that the company’s Full Potential Plan will “unlock significant opportunities.” The plan projected Champion becoming a $3 billion global brand by 2024, and outlined a goal to double the company’s market share with millennial and Gen Z consumers. … She continued, “This partnership creates a significant opportunity to leverage G-III’s expertise in the outerwear category and their diversified distribution network, which will enable us to extend our offerings and support the brand’s lifestyle proposition.” Source: Sourcing Journal https://lnkd.in/gdqjCzMS

This month Drapers exclusively revealed that Frasers Group acquired five-store premium menswear independent JOHN ANTHONY for an undisclosed sum. Here, Drapers looks back at how Frasers Group continues its land grab in the premium branded market, and considers what it means for competitors, customers and brands. Read more here. #FrasersGroup #independent #retailnews #fashionnews

Superdry's future might be looking up as talks of a potential takeover of the fashion brand have emerged. After facing challenges in recent years, this news comes as a potential rescue for the once thriving company. With the right strategic leadership and support, Superdry could remain a strong player in sportswear. 🛍️📈 As the discussions unfold, it will be interesting to see how this potential takeover will unfold and what it means for the future of Superdry. It's a reminder that in the ever-changing landscape of fashion, opportunities for growth and transformation are always on the horizon.⭐👚💖 #FashionIndustry #Superdry #BusinessRevival Superdry boss holds talks over takeover of fashion firm - TheIndustry.fashion

NEWS WE’VE FOLLOWED THIS WEEK: The Federal Reserve left it’s rate the same & left in place plans to cut interest rates later this year. US consumer footwear spending rose 0.2% in Jan’24 vs LY – slower than other areas of consumer spending. Per the National Retail Federation (NRF), retail sales are forecast to grow by 3.5% in 2024 and the retail industry supported 26% of total US employment. M&A AND FINANCING NEWS Wonder (food delivery) raised $700M from current shareholders. BEAUTYNOVA (haircare platform backed by Bluegem Capital) sold a majority stake to PAI Partners. PupBox (subscription box backed by Petco) was acquired by FabFitFun. Skin & Out (natural acne care) raised €1.5M from Caudalie’s founders Mathilde and Bertrand Thomas. Signature Brands (Betty Crocker brand owner, among others) raised a $75M revolving credit line from Wingspire Capital. Cyklar (body care) was acquired by The Center. Frasers Group (British retailer) placed Cavern and Base Childrenswear into administration. Nuo SpA and The World-Wide Investment Company (Pao family) invested in Subdued. Joann (craft retailer) filed for Chapter 11 bankruptcy protection. Ted Baker (lifestyle brand backed by ABG) filed to appoint bankruptcy administrators. PUBLIC COMPANY NEWS Gildan is considering several potential buyers interested in a friendly takeover. Topgolf issues a statement denying potential sale rumors. eBay announced the launch of a consignment service to sell secondhand luxury fashion. Unilever announced it will spin off its’ ice cream business, including Ben & Jerry’s. Kering announced a profit warning due to a steeper-than-expected downturn in Gucci sales, particularly in Asia-Pacific. The following public companies announced earnings this week: Caleres, Citi Trends, J. Jill, KMD Brands, Ollie’s Bargain Outlet, Signet Jewelers. EVENTS In 3 weeks Allan Ellinger, MMG Advisors, Inc.’s Senior Managing Partner and Founder, will be honored at the American Image Awards with the American Apparel & Footwear Association (AAFA)’s Trail Blazer award. To learn more about Allan's work in the industry click here: https://lnkd.in/gM8nyF2 BEFORE YOU GO On March 19, Spring officially sprung. The NCAA March Madness tournament starts this weekend – over the course of the tournament, 67 total basketball games will be played.

A different perspective: One of the greatest challenges for retail in Wisconsin is a lack of vacancy. The acquisition of Rogan's Shoes by Shoe Carnival, Inc. will create opportunity for others. Consider how the many submarkets where both shoe retailers have storefronts. You can be certain that they will consolidate, eventually - making a storefront available to another business. The departure might be good news for the current landlord(s), who are likely to find a replacement tenant at a higher rent.

Packaging plays a crucial role in shaping brand perception, especially in the competitive world of wholesale fashion jewelry. The way a product is presented can significantly impact how it is perceived by customers and can influence their decision to purchase. In the wholesale fashion jewelry industry, packaging serves as a vital touchpoint between the brand and the customer, conveying not just the product but also the brand's values and identity. First impressions matter, and packaging is often the first physical interaction a customer has with a product. Well-designed packaging can create a sense of luxury and exclusivity, enhancing the perceived value of the jewelry inside. On the other hand, poorly designed or cheap-looking packaging can detract from the perceived value of even the most exquisite pieces. Packaging also plays a role in communicating the brand's commitment to sustainability and ethical practices. Eco-friendly packaging materials and designs can appeal to environmentally conscious consumers and enhance the brand's reputation as a responsible corporate citizen. In conclusion, packaging is a powerful tool for shaping brand perception in the wholesale fashion jewelry industry. By investing in thoughtful and well-designed packaging, brands can create a positive and memorable experience for their customers, ultimately leading to increased sales and brand loyalty. #wholesalebusiness #wholesaleprice #wholesaledistribution #wholesaledistributor #liquidation #liquidations #wholesale #wholesaler #retailbusiness #retailer #retail #resale #resellers #resellercommunity #reseller #reselling #productsourcing #closeout #overstock https://lnkd.in/eeNne4AB