REI To Open Store In Columbia, SC

REI Co-op is adding its second location in South Carolina in spring 2020 with a store in Columbia’s BullStreet District. The new 20,000-square-foot space will join the co-op’s existing location in Greenville, which opened in 2011.

Fitbit Replaces Auditors

Fitbit Inc has dismissed auditor PricewaterhouseCoopers LLP after a review of its fees and appointed Grant Thornton LLP, according to a regulatory filing.

Nike Fined Over Antitrust Violations

The European Union fined Nike $14 million for violating antitrust rules for allegedly preventing many of its licensees from selling soccer team merchandise across European borders.

Avenatti Arrested For Attempting To Extort Nike

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.