Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Author: SGB Media
Amazon Veteran Takes The Reins As Onx CEO
After a 19-year career at e-commerce giant Amazon, Laura Orvidas has started a new venture as the CEO role at OnXmaps, Inc., provider of the Onx Hunt mobile app and a leader in mobile mapping technology for outdoor adventurers.
Hibbett Sports Partners With Jermaine “Funnymaine” Johnson
Hibbett Sporting Goods Inc. announced a partnership with comedian Jermaine “Funnymaine” Johnson, aka “The Bama fan on the couch,” as the exclusive Funnymaine Collection licensed apparel in-store retail partner.
Footaction Launches ‘No One Way’ Campaign
The brand appointed four creative directors to support the company’s fall campaign. The partners include rapper/model/designer Sheck Wes, designer/music artist/podcaster Theo Martins, photographer Cary Fagan and creative collective LVRN.
USA Dawgs Sold To PE Firm
Optimal Investment Group (OIG), a private equity firm based in Sherman Oaks, CA, announced today that the firm has acquired the assets of USA Dawgs Inc., a Nevada-based branded footwear distributor.
Pure Project Joins The Conservation Alliance
The Conservation Alliance welcomes San Diego-based craft beer producer Pure Project as the alliance’s newest member. In joining The Conservation Alliance, the brewing company is helping to protect public lands for future generations.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Outdoor Retailer Wraps Up Successful First Summer Market In Denver
Outdoor Retailer, the largest U.S. tradeshow and premier business event for the outdoor industry, wrapped up a successful first Outdoor Retailer Summer Market in Denver.
Darn Tough Vermont Names Brooke Kaplan Director Of Marketing
Darn Tough Vermont, a manufacturer of outdoor and lifestyle socks, has appointed Brooke Kaplan as director of marketing.
Oofos Partners With Special Olympics New Jersey
Recovery footwear company Oofos has partnered with Special Olympics New Jersey (SONJ) in 2018 for a second year supporting Healthy Athletes as part of the SONJ State Games and Special Olympics USA Games for individuals with intellectual disabilities.
Report: 5 Charged For Counterfeiting $70 Million Worth Of Air Jordans
Authorities have charged five people with trafficking more than $70 million in counterfeit Nike Air Jordan sneakers, according to a report in the North Jersey Record.
Family Trust of Garmin Executive Chairman Adopts Stock Disposition Plan
Garmin Ltd. on Thursday announced that a family trust, of which Min H. Kao, the company’s co-founder and executive chairman, is a co-trustee, has established a pre-arranged trading plan to sell a portion of the trust’s shares in the company over a designated period.
SFIA Announces Six Start-Up Challenge Finalists For 2018 Competition
Six finalists have been selected by the Sports & Fitness Industry Association (SFIA) to present their start-up company at the 2018 SFIA Start-Up Challenge. Due to the interest and quality of this year’s applicant pool, SFIA has expanded the competition to recognize six, rather than five, finalists.
Duluth Holdings Launches New E-Commerce Platform
Duluth Holdings Inc., dba, Duluth Trading Co., a lifestyle brand of men’s and women’s casual wear, workwear and accessories, has implemented a new e-commerce platform aimed to enhance customers’ digital shopping experience.
5.11 Opens Retail Store In St. Louis, MO
Tactical apparel and gear maker 5.11 has opened a brick-and-mortar retail store in St. Louis, MO, the brand’s 39th U.S. retail store opening and 30th store opening in the past 18 months. St. Louis provides another building block to 5.11’s 2018 retail expansion goal of 50 company-owned retail stores.
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