Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Brian Grevy, CEO of Gant, will return to take Liedtke’s position at the start of next year.
For the fifth time this Black Friday, REI will close all its stores, process no online payments and pay all 13,000 employees to #OptOutside with friends and family. But this year, the Co-Op is taking the initiative further and asking its employees and 18 million members to “Opt To Act” and join a nationwide clean-up effort,
The U.S. Government in a court filing implicated Academy Sports in the 2017 church shooting in Sutherland Springs, TX because the retailer sold the gun and high-capacity magazine to the shooter that he used during his rampage.
Ed Stack, Dick’s Sporting Good’s CEO, is “quietly” testing a Presidential bid as a third-party candidate, according to a report in Politico,.
Vista Outdoor Inc. named Chris Sword, formerly president of Pearl Izumi, as president of Bell/Giro.
Authentic Brands Group (ABG) emerged as the successful bidder for Barneys New York.
Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors had accepted a revised offer from a group of majority shareholders led by Executive Chairman Richard Baker, bringing the retailer a step closer to going private.
Asics Corp.’s investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
Voxel8, a start-up bringing 3-D printing to footwear and athletic apparel, announced a Series B funding led by DSM Venturing, the venture investment arm of DSM.
Acai Activewear, a U.K.-based clothing brand for the women’s outdoor wear market, raised £350,000 ($450,000) in funding. The round was led by Dow Schofield Watts Angels.
Cole Haan, acquired in 2013 by private equity firm Apax Partners from Nike Inc., confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed IPO of its common stock.
Bauer Hockey announced an agreement with STEP Skating to resolve the ongoing dispute regarding STEP Skating’s sale and manufacture of various models of replacement blades for the Bauer Tuuk Lightspeed Edge blade holder.
Dick’s Sporting Goods filed a lawsuit against Paul Gaffney, former chief technology officer, who joined Kohl’s in September. The lawsuit charges Gaffney owes the company half of the $1.5 million sign-on bonus he received due to his resigning less than two years after being hired.
U.S. Vice President Mike Pence took a jab at the NBA and Nike Inc. for kowtowing to China’s communist regime following the recent dust-up between the league and the nation.
The International Association of Athletics Federation (IAAF), the organizing body for various running-based competitions, launched a probe into the Nike Vaporfly after reported complaints about its use in competition.
Consumers say they will spend an average of $1,047.83 this holiday season, up 4 percent from the $1,007.24 they said they would spend last year, according to the annual survey released by the National Retail Federation.
Lem Helmets is expanding its U.S. operations with the recent addition of an East Coast warehouse and distribution facility.
Rossignol restructured its apparel and retail operations team in North America in order to more effectively support growth goals in the category and fuel initiatives in D2C and retail sales channels.
REI Co-op hired Kelley Hall as its new CFO. Hall was SVP, chief accounting officer, and treasurer at Nordstrom.
Three-time NBA champion, Stephen Curry signed an endorsement deal with Callaway Golf.
Varsity Brands announced that Steve Down joined the company’s Herff Jones business division as president.
Marker Dalbello Völkl (MDV) promoted Matt McKenna to the role of national race manager for the U.S.
Spy announced that Joe Freitag has returned to the Spy family in the newly created role of vice president of the brand.
Smartwool appointed Robin Hall to the newly created role of director of sustainability.
Michael Dowse, president of Wilson Sporting Goods Co., has been named CEO and executive director of the United States Tennis Association (USTA).
Gildan Activewear plans to invest $5 million to revamp and operate a new yarn spinning mill in Eden, NC. The new location will be the company’s fifth state-of-the-art yarn spinning mill in North Carolina
Fanatics and publisher Blizzard Entertainment announced an expanded agreement that will see Fanatics operate new mobile-friendly e-commerce platforms that will house Blizzard’s Gear Stores for gamers across the globe.
PrimaLoft partnered with environmental organization Parley for the Oceans.
Photo courtesy Adidas FutureCraft
