In Q1 2022, the Italian eyewear group recorded net sales of €282.6 million, up by 8.4% at constant rates. Gross income was on the rise too, up by 23%, as were gross margin, at 55%, and adjusted EBITDA, at 11.3%.
The American Apparel & Footwear Association has a new leadership. Sarah Clarke, head of supply chain at PVH Corp., has taken over for a two-year term as chair of the US industry association based in Washington, DC.
Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain.