The FDRA (Footwear Distributors & Retailers Of America) said the potential for additional tariffs on $200 billion in Chinese goods will likely “negatively impact all Americans of every walk of life.”
Author: sportsoneauthor
Varsity Brands To Be Acquired By Bain Capital
Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity, the private investment firm. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014.
Nike Drops Apparel Line After US Naval Academy Dispute
Nike pulled an apparel collection line done in collaboration with Los Angeles-based Undefeated after being accused of copying the US Naval Academy’s coat of arms.
Study Touts Social And Financial Benefits Of Regular Exercise
Aside from the more common goals that people try to achieve by working out, such as weight loss and building muscle, the findings from Freeletics, the fitness app, show fitness is key for general self-development and leading a goal-oriented life.
Iconix’s CEO Exits Amid Proxy Battle
Iconix Brands Group said John Haugh has resigned as CEO, president and a board member. The exit comes 17 days after Sports Direct said the company planned to nominate four members to Iconix’ board after vexing about the loss of major direct-to-consumer license agreements for Starter, Danskin, Ocean Pacific and Mossimo.
Puma Leaps Back Into Basketball
Marking its return to basketball in a big way, Puma announced the signing of Deandre Ayton, widely expected to be the number-one pick in Thursday’s NBA Draft, to an multi-year endorsement deal. Puma also honored basketball legend Walt “Clyde” Frazier with a lifetime contract and hired Jay Z as creative director to help guide basketball marketing.
American Sportfishing Association Elects Board Members For 2018
Four members of the American Sportfishing Association (ASA) were elected to fill two at-large seats and two regional seats on the board of directors. Their terms begin October 1 and they each will serve three-year terms. ASA is the trade association that represents the recreational fishing industry.
Retail Report Roundup – June 18
Studies arrived last week on the growth of customization in footwear and apparel, omnichannel order tracking, online-ad spam, mobile pay, the important of brand’s values and retailers paying off hackers.
AP Report: New Hampshire Must OK Vail’s Acquisition Of Mount Sunapee
The Associated Press reported Sunday that the New Hampshire attorney general, Gordon MacDonald, told the governor a state department must sign off on Vail Resorts Inc.’s proposed takeover of the Mount Sunapee Resort ski area.
NRI Distribution Names Jason Brooks GM, NRI East
NRI Distribution has hired Jason Brooks as general manager, NRI East. Brooks will be based in Montreal and lead NRI’s East Coast operations.
Bridgestone Golf Appoints Dan Murphy President & CEO
Bridgestone Golf, a manufacturer of golf balls, clubs and accessories, has appointed Dan Murphy as president and CEO.
Gearhead Outfitters To Open In Tulsa, OK
Gearhead Outfitters has opened the company’s 11th store at Utica Square in Tulsa, OK.
JD Sports And Finish Line Complete Merger
The Finish Line Inc. and JD Sports Fashion Plc announced that they have completed their merger.
Untuckit Announces Drew Brees As New Investor
Untuckit, the apparel brand, announced the company’s newest investor, Drew Brees, the quarterback of the New Orleans Saints and entrepreneur.
CrossFit Sues Reebok For Breach Of Contract
CrossFit Inc. filed a lawsuit against its exclusive licensing partner Reebok. The dispute stems from a change Reebok made in how it calculates royalties
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