S&P Strips Under Armour Of Investment-Grade Rating
S&P wrote, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12% range, which results in leverage slightly below 3.0x.”
Allied Feather & Down Teams Up With POW
The producer of down and feather insulation will donate 1 percent of the total sales from its HyperDry water-resistant down to POW, starting immediately.
BSN Sports Acquires Team Division Of Erie Sport Store
ESS, serving team and retail customers since 1951, is a leading distributor of team apparel and equipment in the Lake Erie region.
Dick’s To Open Second New York City Store
Dick’s Sporting Goods is planning to open a new location in Forest Hills in March.
2017 SIMA Awards Nominees Announced
In its fourteenth year, the SIMA Awards is the only awards program that gives the surf industry the opportunity to recognize their peers for their outstanding contributions to the industry.
Shawne Merriman Sues Under Armour For Trademark Infringement
Former NFL star and current businessman Shawne Merriman and his company, Lights Out Holdings, LLC, sued Under Armour for trademark infringement over the use of the “Lights Out” name.
Ugg Sponsors the 2017 Santa Barbara International Film Festival
Ugg will welcome over 90,000 people to its hometown of Santa Barbara, California this week as the presenting sponsor of the 32nd annual Santa Barbara International Film Festival (SBIFF).
Luke’s Locker Looks To Rebound In Bankruptcy Court
The company plans to reorganize in the near term around three locations in the Dallas/Fort Worth area. Company president Matt Lucas vowed to reestablish the Luke’s Locker franchise to support the North Texas running community.
Nike And Brooks Pace Luke’s Locker’s Unsecured Creditors List
Brooks, Nike, Asics and Saucony were among those left with the largest unpaid bills in the bankruptcy case of Luke’s Locker.
Luke’s Locker Lands In Bankruptcy Court
Luke’s Locker, the run specialty chain based in Plano, TX, has filed for bankruptcy, blaming heightened online competition. The filing comes less than a week after it closed five of its eight stores.
Puma Signs Seven New Jamaica Athletes
All seven will compete in the upcoming World Championships in London, which will also include Usain Bolt.
Titans of Mavericks Files For Bankruptcy
The surfing event organizer and lifestyle brand is seeking a buyer.
Golf Rounds Tumble In December
Golf rounds played were down 11.5 percent in December with the biggest declines coming from East North Central, Mid-Atlantic, New England and West North Central.
New Balance And John Hancock Partner Around Residences
New Balance and John Hancock Financial have joined together to develop The Residences at Boston Landing, a 17-story, 295-unit luxury apartment high-rise currently under construction near the New Balance global headquarters.
Converse Updates Essentials Collection
New for spring 2017 is a short-sleeve crewneck and shorts for men. In addition, the brand is offering new seasonal colorways for both men and women.
