Lee news and archive

Kontoor Brands Q3 revenues up, earnings increase by 10 percent

For the third quarter, Kontoor Brands, Inc. with a portfolio led by Wrangler and Lee brands, reported revenue of 655 million dollars, up 8 percent or 7 percent constant currency. The company’s gross margin decreased 200 basis points to 41.5 percent, EBITDA was 91 million dollars and EBITDA margin of 13.9 percent decreased 200 basis points....

Report

Wrangler, Lee parent Kontoor Brands appoints new CFO

Kontoor Brands, the owner of denim labels Wrangler and Lee, has appointed a new chief financial officer (CFO) as Rustin Welton steps down after four years. Effective August 31, Welton will be succeeded by Joe Alkire, who will also take on the role of executive vice president. In his new role, Alkire will have responsibility for the enterprise...

ReportFeatured

Kontoor Brands Q2 revenues flat but maintains outlook

Second quarter revenue at Kontoor Brands was 616 million dollars, flat compared to the same period in the prior year. The company said in a release that revenue increases, primarily driven by strength in DTC and international, were tempered by decreases in U.S. wholesale. “We delivered second quarter results largely consistent with our...

Fashion |In Pictures

Lee launches collection with Be@rbrick

Denim brand Lee has launched teamed up with Medicom Toys, the creator of the Be@rbrick dolls, to launch a capsule collection that celebrates its mascot, Buddy Lee. The Lee x Be@rbrick collection features apparel and figurines capturing the playful attitude embodied by Buddy. The collaboration includes three T-shirts featuring patches or...

ManagementFeatured

Kontoor Brands Q1 sales improve by 2 percent

Kontoor Brands, Inc. reported first quarter revenue of 667 million dollars, a 2 percent or 1 percent decrease in constant currency. Revenue increases, the company said, primarily driven by strength in domestic wholesale and DTC, were more than offset by decreases in international wholesale, primarily driven by the continued impacts of...

Fashion |In Pictures

Lee launches ‘Dragon Ball Z’ apparel collection

Denim brand Lee has released an apparel collaboration with the animated TV series ‘Dragon Ball Z’ as a homage to the late ‘90s and Y2K culture. The collaboration takes a nostalgic look back at style from the early days of ‘Dragon Ball Z’ with a collection featuring women’s, men’s and unisex styles. The Lee x Dragon Ball Z collection is available...

ManagementFeatured

Kontoor Brands revenues increase but China lockdowns weigh on results

For the fourth quarter, Kontoor Brands reported revenue of 732 million dollars, a 7 percent or 9 percent increase in constant currency over the same period in the prior year. The company said, revenue increases were primarily driven by strength in domestic wholesale and digital, somewhat offset by decreases in international with the continued...

RetailFeatured

Lee and Wrangler open a joint denim store

Lee and Wrangler, owned by Kontoor Brands, have teamed up to open their first joint denim store in Berlin as part of its continued strategic expansion in Europe. The dual-branded retail concept has been designed to offer consumers “the ultimate denim experience,” explains Lee and Wrangler, with an immersive curated retail environment that “...

ManagementFeatured

Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook

Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year. In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier. That growth was primarily driven by the company's US business, which saw a 40...

Report

Kontoor Brands appoints new COOs to Lee and Wrangler brands

Kontoor Brands has announced the appointment of two new chief operating officers for its Wrangler and Lee brands. Chris Waldeck, who is currently executive vice president and global brand president of Lee, has taken on the additional role as chief operating officer of the brand, and will assume responsibility for Kontoor’s international markets...

Retail

Lee Jeans opens first virtual store

Lee Jeans has opened its first virtual store to offer brand-fans and shoppers the opportunity to shop its Europe flagship in Antwerp and explore the brand’s ‘For A World That Works’ (FWTW) sustainability platform. The virtual store allows consumers to navigate an interactive three-dimensional retail space, browsing items in a store setting...

Fashion

Kontoor Brands releases 2020 sustainability report

Kontoor Brands has released its 2020 sustainability report. The company, whose portfolio boasts the brands Wrangler and Lee, has been committed to advancing its sustainability agenda, with this being its second report in the two years since it became a publicly traded organisation. The report details the brand’s progress in regards to its...