OUT OF THE BRONX: Everlast Worldwide is closing its Bronx factory and laying off 100 people as a result. The company will fold those operations into its existing Moberly, Mo., sporting goods manufacturing facility.
As part of the relocation and consolidation, the company will incur a nonrecurring restructuring charge in the fourth quarter against income from operations of about $1.7 million.
The company expects to save $2.8 million annually from the relocation and restructuring, said George Horowitz, chairman and chief executive officer of Everlast Worldwide.
“We’re in a highly competitive industry where few sporting goods brands own and operate manufacturing facilities in North America,” he said. “In order to remain competitive, we need to focus our resources on the most cost-efficient manufacturing and supply-chain processes, while enhancing our sales and marketing efforts in support of our retail customer relationships.”
ON BOARD AT RUSSELL: Russell Corp. has named Julio A. Barea senior vice president of the company and ceo for the domestic activewear business. Barea is based at company headquarters in Atlanta and reports to Jonathan R. Letzler, president and chief operating officer.
FORE BOBBY JONES: Hickey Freeman Co., the Hartmarx Corp. subsidiary, will open a 1,300-square-foot Bobby Jones store in Atlanta on Nov. 22. Women’s and men’s sportswear and outerwear will be sold in the new space. This marks the third Bobby Jones freestanding store.
Jones was a legendary golfer who grew up in Atlanta and is well known in that area, noted Paulette Garafalo, group president and chief operating officer of Hickey Freeman.