Adidas’ Supply Chain Problems Stunt North America’s Momentum
Adidas warned investors it will miss its 2019 growth target because supply chain bottlenecks in the first half of the year are making it difficult to meet demand. The growth is particularly expected to slow in North America, where it has doubled its business in the last three years to take market share from rival Nike
OC Sports Appoints New National Sales Manager
OC Sports, the headwear specialist and holder of the exclusive replica license with MLB and MiLB. promoted Brad Reagan to national sales manager following Joe Rubertino’s retirement.
Adidas, USA Volleyball Launch 2019 Adidas Volleyball Experience
Adidas, USA Volleyball and Next College Student Athlete (NCSA) announced the first-ever Adidas Volleyball Experience. The event is free and open to current high school women’s volleyball players.
The North Face To Sponsor Mountainfilm
Mountainfilm, the documentary film festival held every Memorial Day weekend in Telluride, CO, announced The North Face as its new presenting sponsor.
Adidas Sees Supply Chain Constraints Slowing Growth In First Half
Adidas said it expects supply-chain bottlenecks in North America to slow its growth to between 3 percent and 4 percent in the first half of 2019 before accelerating in the second half. The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America.
Dick’s Traffic Doldrums Continue
Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year.
Report: Modell’s Hires Restructuring Adviser
Modell’s Sporting Goods has retained Berkeley Research Group as its financial adviser to explore restructuring options, including a possible bankruptcy, according to a report from the Wall Street Journal.
Dick’s Sees Return To Positive Comps In Second Quarter
Dick’s Sporting Goods reported fourth-quarter earnings exceeded Wall Street’s targets. Overall earnings and sales fell in the quarter due to a calendar shift. For the full year, the leading U.S. sporting goods chain predicted consolidated same store sales to be approximately flat to an increase of 2 percent, with positive consolidated same store sales beginning in the second quarter.
Nike Partners With UEFA Women’s Football
Nike has reinforced its commitment to the growth of women’s football by agreeing a landmark partnership with UEFA. The three-year deal sees Nike become an official partner of UEFA Women’s Football and the match ball supplier for UEFA Women’s competitions.
Adidas Partners With Dick’s On Tango League Tournament
Adidas Soccer partnered with Dick’s Sporting Goods to further expand the Adidas Tango Qualifying soccer tournament to five new U.S. cities.
Wall Street: Nike’s Share Gains On Adidas Seen Accelerating
With quarterly results soon arriving from both firms, two reports from Stifel and Cowen arrived finding Nike’s growth accelerating largely at the expense of Adidas.
Adidas To Pay Equal Bonuses For Women’s Soccer World Cup Winners
Adidas said it plans to give the same bonus to any of its sponsored players on the Women’s World Cup-winning soccer team as their male counterparts. The announcement follows news that the U.S. women’s national soccer team is suing their federation with allegations of gender discrimination, where all 28 members of the squad were named as plaintiffs in federal court.
Bass Pro Shuttering Facilities In Sidney, Oshkosh In Nebraska
Bass Pro Shops announced it will be closing a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE. A total of 162 jobs will be affected.
Preliminary Results See Amer Sports’ Shareholders Favoring Anta Sports Merger
Amer Sports Corp. in a statement that its shareholders had provided overwhelming support for its merger with a consortium led by China’s Anta Sports.
Oiselle And Summit to Soul Form Partnership
Oiselle, the maker of women’s running and athletic apparel based in Seattle, has formed a partnership with Summit to Soul, a DC-based specialty retailer serving women athletes.
