Delta Apparel ramps up production but H&M leads the activewear recovery

Cons. Discr. - Apparel 374 Cons. Discr. - Retailing 311 Coronavirus 430 Earnings 491 Quote Watch 261 U.S. 4633

Delta Apparel announced 8% year over year sales growth in the three months to Sept. 30 as a result of “our team’s ability to ramp-up manufacturing quicker than we originally expected” according to CEO Robert Humphreys. U.S. seaborne imports linked to the activewear maker jumped 290% higher in Q3’20 compared to Q2’20, though shipments were still down by 25.0% year over year due to a slump in imports of sweaters. Consumers may be expecting to venture outside less this winter. A sector-wide increase in U.S. imports of activewear has been led by fast fashion retailers including Hennes & Maur...

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