HanesBrands CEO Gerald Evans Jr cites Alternative Apparel's attractive business model, very strong and differentiated brand, and highly talented team of employees as drivers for the acquisition, noting that the acquisition also "diversifies our sales mix as we emphasize growth across all channels."
It’s no coincidence that such mergers are increasing at the same time as the economic and structural clout of mega retailers is also spreading throughout the retail industry and supply chain. Consolidation is one of the key strategies that brands are using to respond to and/or push back against the pressures imposed on them by the likes of Amazon and Walmart.
Aptos, Inc., has entered into a definitive agreement to acquire TXT Retail, the global provider of end-to-end merchandise lifecycle management solutions for the apparel, luxury, specialty and general retail sectors.
The merged company has a significant geographic reach with nearly 240 stores covering 19 states and the District of Columbia, spanning the East Coast from New York to Florida, the Midwest, the Southeastern U.S. and Texas.
QVC, Inc. president and CEO Mike George announced plans for a new organizational structure and senior executive team for the QVC Group, to be effective once Liberty Interactive Corporation completes its previously announced acquisition of HSN, Inc., which is expected later this year.