Skechers Sues Adidas Over College Basketball Scandal

Skechers filed a lawsuit against Adidas over the allegations at the heart of the FBI’s investigation into college basketball. Skechers charges it was at an unfair disadvantage due to the alleged schemes whereby Adidas paid amateur players for their endorsements.

REI Partners With First Descents

REI and First Descents have partnered to provide outdoor experiences for young adults impacted by cancer beginning May 12. Programs launching in San Diego, Washington, D.C. and Portland, Oregon will be led by REI Outdoor School.

Buckle’s Comps Slide In April

The Buckle Inc. reported comparable store net sales, for stores open at least one year, for the four-week period ended May 5, 2018 decreased 3.4 percent from comparable store net sales for the four-week period ended May 6, 2017.

Mizuno Americas Sales Lag, Profitability Recovers

Mizuno Corp.’s sales slid 14.2 percent in the Americas region in its fiscal year ended March 31. But the decline was partly due to efforts to clean up inventories and reduce lower-margin sales that bolstered underlying profitability. Some sales recovery was predicted for the Americas region in the years ahead.

Canadian Tire Sees Earnings Dip In Q1 But Sales Improve

Canadian Tire Corporation, Limited  reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.

Canadian Tire Agrees To Acquire Helly Hansen

Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).