Kontoor Brands news and archive

Kontoor Brands reports strong Q1, raises FY21 forecast

Kontoor Brands, Inc. reported revenue increase to 652 million dollars, up 29 percent on a reported basis and 27 percent in constant currency for the first quarter. Compared to adjusted revenue in the first quarter of 2019, reported revenue increased 3 percent. “The strong performance in the quarter was broad-based, as evidenced by improving...

Business

Kontoor Brands appoints executive vice president of global supply chain

Wrangler and Lee Jeans owner Kontoor Brands has named Karen Smith as its executive vice president of supply chain, effective May 1. In her new role, Smith will be responsible for all aspects of supply chain management including global operations, global manufacturing and sourcing, product quality and stewardship, distribution and logistics and...

Fashion

Kontoor Brands expands water-saving Indigood program

US fashion company Kontoor Brands has announced the expansion of its Indigood program, an initiative that targets water savings during fabric construction. The company first debuted its Indigood program in 2019 with the launch of a foam-dyed denim collection by its Wrangler brand. It has now expanded the program “to include any water savings...

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Business

Kontoor Brands: Revenue and earnings increase in Q4

For the fourth quarter, Kontoor Brands, Inc. said revenue increased 1 percent to 661 million dollars on a reported basis and remained flat in constant currency. The company said, revenue increases were primarily driven by strength in digital, including own.com and digital wholesale, as well as improved performance across the Wrangler U.S....

Retail

Wrangler announces its first launch in China via Tmall

Kontoor Brands has launched its Wranger label in China for the first time, through a new partnership with Alibaba's Tmall e-commerce platform. Wrangler's product lines are now available for purchase via Tmall. The company has had its sights set on expanding to Chinese retail for over a year; in a press release, Kontoor said that it has...

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Business

Kontoor Brands revenues drop by 9 percent, expects recovery in Q4

For the third quarter, Kontoor Brands, Inc., having Wrangler and Lee under its portfolio, reported revenue decrease of 9 percent to 583 million dollars, on a reported and constant currency basis. The company said in a statement that revenue declines during the quarter were primarily driven by Covid-19 impacts, offset in part by increases in...

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Business

Kontoor Brands Q1 revenues hit by Covid-19

Kontoor Brands is the latest company to reveal the impact Covid-19 has had on its first quarter results. The company, whose portfolio includes brands Wrangler and Lee, saw revenue drop 22 percent to 504 million dollars year-on-year as stores were forced to close and shoppers advised to stay indoors. US revenue decreased by 16 percent on a...

Fashion

Kontoor Brands to produce protective gowns in response to Covid-19 pandemic

Lifestyle and apparel company Kontoor Brands has begun producing protective gear to help those in hospitals and on the frontline of the Covid-19 pandemic. The company, whose portfolio includes brands Wrangler and Lee, has started producing around 50,000 Level 1 patient gowns and 10,000 disposable isolation gowns for clinicians at North...

Fashion

Lee Jeans launches fully biodegradable denim capsule collection

Lee Jeans has launched a capsule collection of denim pieces that can be composted when they are no longer wanted. The aptly named Back to Nature collection comprises four items: For men, the brand’s classic Rider jacket and Rider jeans in a rigid ecru denim. For women, an elongated and belted version of the Rider Jacket and wide-leg jeans in...

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Business

Kontoor Brands turnover and profit fall in Q4 and FY19

Kontoor Brands, Inc. said fourth quarter revenue decreased to 653 million dollars, a 10 percent decline on a reported and constant currency basis, while revenue declined 8 percent compared to fourth quarter 2018 adjusted revenue. EBITDA on a reported basis was 65 million dollars, while adjusted EBITDA was 93 million dollars, up 1 percent. EBITDA...

Fashion

Kontoor Brands announces zero-waste at North America distribution centers

The denim industry is continuing to work towards circularity and sustainability. Kontoor Brands, the global lifestyle apparel company that owns iconic denim labels Wrangler and Lee has achieved zero-waste designation for all of the distribution centers it owns in North America. This new designation means that at least 95 percent of the waste...

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Fashion |INTERVIEW

Wrangler creative director: “Under Kontoor we can increase investments like never before”

With a history dating back to 1897, Wrangler’s past achievements are well known: in 1996, one out of every five pairs of jeans sold in the United States was a Wrangler. The brand has also secured a spot among the best selling denim brands in the world. But what does the future hold for the American label, now that it is under a new parent...