HanesBrands Posts Positive Q1 Results
"We are off to a very good start and tracking to our plan to deliver another year of double-digit EPS growth," said Hanes Chairman and CEO Richard A. Noll. "We remain focused on our previously announced sales initiatives, reaping acquisition synergies, expanding margins and developing growth plans for our pending acquisition of Champion Europe."
The company reported 2.8% growth in its activewear segment, which contains its promotional product apparel business. Growth in that segment was fueled by the $21 million in sales reported by Knights Apparel, a licensed collegiate apparel company that Hanes purchased last year. In an earnings call, Noll said the company's activewear business would have been up double-digits if not for the bankruptcy of sporting goods retailer Sports Authority.
Hanes continued actions this quarter in anticipation of reducing inventory in the second half of 2016, which the company expects to account for $20 million in inventory-related costs this year. The supplier also reported that its U.S. online sales increased by 15% compared to the first quarter of 2015, and now represents 8% of the company's overall domestic sales.
The 2016 first-quarter results reaffirmed the company's full-year guidance, which includes expected net sales of $5.8 to $5.9 billion and growth of 1%-3%. The predictions do not include the company's planned acquisition of Champion Europe, which is expected to close mid-year.
BIC Grows Revenue in First Quarter
InnerWorkings Announces Q1 Earnings Increase
PCNA.com Offers New Invoice Feature
"The biggest feedback we get from customers is that they want to be able to do as much as they can online to avoid waiting on a customer service line," said Stacey Stewart, director of customer support, in a statement. "This new feature will allow customers to simply log in to find their invoice when they need it."
Invoices for orders placed after April 1 for Leed's (asi/66887), Bullet (asi/42424) and Trimark US (asi/92121) are available to view and print in the Order History section of a distributor's account at www.pcna.com.
BrandCharger Registers Trademark in U.S.
In a statement, Vice President Ethan Ung said, "We are in talks with several top 10 suppliers in North America for partnerships. Expanding our sales and support infrastructure across North America and our trademark registration is just the first step."
For more information, visit www.brandcharger.com.
Obituary: William "Bill" Gassett, Hub Pen
Redwood Classics Apparel Introduces Video Series
Fashion Revolution is a not-for-profit entity based in the United Kingdom that is dedicated to educating consumers about apparel manufacturing, celebrating industry leaders focused on a more sustainable future and lobbying for improvement in the global garment industry.
"When Fashion Revolution made a call to action to join its global movement for change, we didn't think twice," said Kathy Cheng, founder of Redwood Classics Apparel, in a statement. "These brief snapshots feature the people responsible for bringing Canadian-made apparel to the international fashion stage. We are hopeful that our colleagues, friends, clients and industry partners will join us by helping to spread the word."
View the videos at http://redwoodclassics.net/meet-the-makers.
FASTSIGNS Recognized for Franchise Excellence
"We are truly honored to receive this award from the Canadian Franchise Association and proud to be recognized as a leading sign, graphic and visual communication franchise system in Canada," said CEO Catherine Monson in a statement. "We are continuing to grow at an aggressive rate, and understand that having highly satisfied, successful franchisees is key to FASTSIGNS International's future growth in Canada and around the globe." The company was also honored as a recipient of the Franchisees' Choice designation for the fourth consecutive year.
Winners were selected via a peer-driven survey of almost 60 CFA member franchise systems. Participating systems were assessed on their performance franchisee relations, leadership, business planning, marketing, training and support, ongoing operations and communications.
"The CFA Awards of Excellence in Franchising truly set a benchmark for franchisors in Canada, and we are pleased to recognize FASTSIGNS for their commitment to excellence in franchising," said Lorraine McLachlan, CFA president and CEO, in a statement. "A solid relationship between franchisor and franchisee is vital to the system's success, and FASTSIGNS International's results show that they offer outstanding support to their franchisees."
For more information and a full list of winners, visit www.awardsprogram.ca.
Chocolate Inn Appoints New VP National Accounts for Canada
In a statement, David Miller, president of Chocolate Inn/Taylor & Grant said, "We are extremely excited to add Danielle to our team. Danielle's creativity and attention to service make her a great fit."
In her new position, Dawson will be responsible for developing and generating sales in the Canadian market. "I look forward to my future with Chocolate Inn/Taylor & Grant," she said. "By offering my perspective into the Canadian promotional product marketplace, I hope to continue building authentic partnerships with our distributors."
Contact Danielle Dawson at firstname.lastname@example.org.
WASIP/Redi-Medic Hires GTA Sales Representative
"We are pleased to welcome Leslie to the WASIP team as her years of experience and solid reputation with our key promotional partners are a natural fit," said James Brindley, director of sales for Redi-Medic, in a statement. "We are confident that Leslie will help us grow sales in the promotional market."
Contact Leslie Ashby at email@example.com.
Debco Welcomes Susan Roitman as Account Manager
"At Debco, we hire a mindset above all else," said Alex Morin, executive vice president of Sales & Marketing, in a statement. "Susan's mindset matches our customer-centric philosophy to a ‘T'. She comes from an outstanding company culture at Superex and brings an incredible array of tools to her new department. We're so grateful to have her on our team and know that she will make an immediate and positive impact both with her customers and with our staff."
Contact Susan Roitman at firstname.lastname@example.org.
SEE 4- AND 5-STAR SUPPLIERS AT THE ASI ROADSHOW
As an added member bonus, distributors can escort their clients on the show floor. This is the perfect opportunity to source new products for current and future projects with your suppliers and your clients. To protect your clients' information, they will be given a yellow lanyard and a generic badge that will say "Escorted End-Buyer" with no other information. This will ensure suppliers know who they are speaking with and other distributors won't see any of their information.
REGISTER NOW FOR ACES IN ONTARIO
ASI Canada Elite Suites (ACES), a new 2-day networking event exclusively for the Canadian market, is coming to the Embassy Suites Hotel Niagara Falls Fallsview in Niagara Falls, ON, September 19-21, 2016. Each participating supplier will be given a private suite for hosting pre-set 20-minute networking sessions with high-sales-volume Canadian distributors. This is the perfect way for suppliers to strengthen their client bases across Canada.
For more information, contact Ryan David, ASI Canada senior account executive, at email@example.com or (800) 546-1425.
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