Attorney Michael Avenatti was arrested Monday on federal charges of attempting to extort millions of dollars from Nike Inc. with threats of bad publicity last week right before the footwear and apparel giant reported third-quarter earnings and the NCAA basketball tournament began.
Author: SGB Media
Lululemon To Sponsor Toronto 10K And Edmonton 10K
For the third year in a row, Canada Running Series is partnering with Lululemon for the Lululemon Toronto 10K, to be held on Saturday, June 15, 2019.
Winnebago Q2 Profits Dip 2.2 Percent
Winnebago Industries reported a slight decline in earnings in the second quarter ended February 23 as sales retreated 7.6 percent.
Yue Yuen’s Earnings Sink In 2018
Yue Yuen Industrial (Holdings) Ltd. reported earnings declined 40.3 percent in the year ended December 31 to $307.1 million. Revenues were down 6.3 percent to $9.7 billion.
Li Ning’s Profits Improve In 2018
Li Ning reported earnings in 2018 rose 39 percent on an 18 percent revenue gain.
RECALL: Alpha Guardian Gun Safes
Alpha Guardian is recalling about 1,250 Stack-On Sentinel gun safes because a bolt malfunction can cause the safe to open without the use of a key or combination, allowing access to any firearms stored inside, posing an injury hazard.
PXG Signs LPGA Winner Celine Boutier
PXG has signed LPGA Tour winner Celine Boutier to its ambassador roster.
Oakley Signs Patrick Mahomes
Patrick Mahomes II, MVP quarterback, has become the first ever football player to sign on as an ambassador for Oakley.
MEC To Open Relocated Flagship In Toronto
MEC, Canada’s leading outdoor retailer, confirmed its relocated Toronto flagship store will open April 13, 2019.
Amazon Reports Roundup
A number of retail studies arrived over the last few weeks on retail’s disruptor, Amazon, including the e-commerce giant’s break-through in apparel, expanding dominance in product search, private-label shortfalls, trust credibility, digital advertising pushes and more.
Nike Sees No Slowdown In Momentum
Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street’s targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started.
Hibbett Shares Pop On Strong Q4, Store Closings, CEO Announcement
Shares of Hibbett Sports Inc. jumped $3.66, or 20.3 percent, to $21.70 at market close Friday after the company earlier in the day reported a strong fourth quarter but also announced the closing of 95 stores and the planned retirement of Jeff Rosenthal, president, CEO and self-described “sneaker dude.”
Caleres Counting On Q4 ‘Herculean’ Efforts To Pay Off In 2019
Caleres’ fourth-quarter performance was stymied by costs related to a pair of acquisitions and the transition of two distribution centers, but those “Herculean” efforts have positioned the company well for the second half of 2019, CEO Diane Sullivan said on Thursday’s earnings call with analysts.
Aisle Talk Week Of March 18
Top headlines from the active lifestyle industry you may have missed this week, including a breakdown of which brands have the most March Madness sponsorships.
Champion Opens Store In Philadelphia
Champion Athleticwear opened its first store in Philadelphia and its fifth U.S. specialty retail store with other locations in Los Angeles, New York, Boston and Chicago.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal