Apex Global Brands news and archive

Apex Global Brands to merge with Galaxy Universal

Apex Global Brands Inc. has entered into a merger agreement with Galaxy Universal LLC, which is expected to occur in the second quarter of 2021. The company said, under the terms of the agreement, Galaxy Universal will acquire all of the outstanding shares of Apex for 2 dollars per share in cash. “After conducting an extensive analysis of our...

Business

Apex Global Brands Q3 revenues decrease 17 percent

Apex Global Brands revenues were 4.1 million dollars in the third quarter, a decrease of 17 percent reflecting the non-renewal of certain licenses and the decrease in sales of licensees’ products stemming from the Covid-19 pandemic. For the first nine months, revenues totalled 12.5 million dollars, a decrease of 20 percent from 15.5 million...

Business

Apex Global Brands reports 22 percent drop in Q2 sales

Apex Global Brands’ revenues for the second quarter were 4.4 million dollars, a decrease of 22 percent. The decline in revenues, the company said in a statement, reflects the non-renewal of certain Cherokee brand licenses and the decrease in sales of licensees’ products related to Covid-19 shelter-in-place orders. For the first six months,...

Fashion

Hi-Tec Sports to launch performance apparel with built-in face mask

Apex Global Brands' subsidiary Hi-Tec Sports will be launching a new patent pending ‘Venture Series’ of performance apparel in collaboration with Tharanco Lifestyles. The initial range, which will include built-in face masks, will launch nationally this fall and be available to purchase on Hi-Tec’s website, as well as at retailers throughout...

Fashion

Apex Global Brands' Q1 sales decline 20 percent

For its first quarter, Apex Global Brands reported revenues of 4 million dollars, a decrease of 20 percent from 5.1 million dollars in the first quarter of the prior year. The decline in first quarter revenues, the company said in a statement, reflects the non-renewal of Apex’s Cherokee license in Japan and the decrease in sales by the company’s...

Business

Apex Global Brands swings to Q4 loss of 1.1 million dollars

Apex Global Brands reported revenues of 5.5 million dollars for the fourth quarter, a decrease of 10 percent, while full year revenues totalled 21 million dollars, a decrease of 14 percent from the prior year. Net loss was 1.1 million dollars for the fourth quarter or a loss of 21 cents per diluted share, compared to net income of 0.2 million...

BusinessFeatured

Apex Global Brands reports Q3 loss; revenues drop 16 percent

Apex Global Brands, for its third quarter of fiscal 2020, reported revenues of 4.9 million dollars, a decrease of 16 percent compared to the same quarter in the prior year. On a year-to-date basis, revenues were 15.5 million dollars for the first nine months, a decrease of 15 percent reflecting decreases in royalties from the company’s Cherokee,...