Former Adidas executive James Gatto was sentenced to nine months in prison Tuesday for his role in the widespread college basketball recruiting scandal that has tainted two dozen schools. Co-defendants Merl Code, an Adidas consultant, and basketball middleman Christian Dawkins, each received six months.
Category: Apparel
Nike Set To Become First Major Sponsor Of Los Angeles 2028
Nike is close to completing a deal to become the the first major sponsor of the 2028 Olympic and Paralympic Games in Los Angeles, according to the Sports Business Journal.
Kohl’s Seeing Share Gains In Active, Adding Nike Plus-Sizes
Kohl’s Corp said it continued to see strong momentum across its Active categories in the fourth quarter. The retailer also said that its test of expanded Active areas will be extended to 160 stores and Nike plus-size offerings will arrive this spring.
Patagonia Hires Former General Counsel Of EPA
Patagonia said is has hired Avi Garbow, the Environmental Protection Agency’s longest-serving general counsel, as environmental advocie to “ensure we are doing everything we can to protect our planet.”
Utah Cycle Shop Acquired By Robert DeMartini
Park City Bike Demos has been acquired by Robert DeMartini, the former CEO of New Balance who are recently appointed CEO of USA Cycling.
Skateboarding Legend Andy Macdonald Partners With Extract Labs
CBD manufacturer Extract Labs and professional skateboarder Andy Macdonald will be partnering in 2019 to spread knowledge about the benefits of CBD to the action sports community.
Lindsey Vonn Joins Under Armour’s Project Rock
Lindsey Vonn, a long-time Under Armour athlete who recently retired from competitive skiing, will join Team Project Rock alongside fellow Under Armour athlete, Dwayne “The Rock” Johnson, as a global ambassador for the Project Rock collection.
Belle Intl Hires Underwriters For IPO For Sportswear Unit
Belle International, the Chinese footwear retailer, has hired Bank of America Merrell Lynch to help prepare for a Hong Kong listing of its sportswear business this year, sources told Reuters.
Target’s Q4 Comps Climb 5.3 Percent
Target Corp. reported fourth-quarter earnings rose 12.5 percent on an adjusted basis and exceeded Wall Street’s expectations. Fourth quarter comps grew 5.3 percent on traffic growth of 4.5 percent.
Kohl’s Q4 Tops Wall Street’s Targets
Kohl’s Inc. reported better-than-expected earnings and revenue in the fourth quarter and provided an upbeat outlook for 2019. Earnings on an adjusted basis rose 17 percent on lower operating expenses and a 1 percent same-store gain.
Academy Sports To Open New Stores In Terrell and Frisco, Texas
Academy Sports + Outdoors announced that it will be opening new stores in Terrell, TX, and Frisco, TX, this year.
Four Questions: Matt Highby, President, Highby Outdoors
In early February, a number of former Cabela’s employees, led by Matt Highby, officially launched Highby Outdoors, an e-commerce site focusing on hunting and outdoor gear. SGB talked to Highby about what inspired the concept.
Berkshire Hathaway Sees 4.6 Percent Gain in Apparel/Footwear Sales in 2018
Berkshire Hathaway reported apparel and footwear revenues increased 4.6 percent in 2018 to $4.3 billion, primarily due to increased sales volume at Brooks Sports and Garan.
U.S. And China Near Deal
The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs, according to multiple reports.
Bandier Secures $34M In Funding
New York City-based Bandier, the women’s activewear retailer, has raised $34.4 million in funding. The investors included C Ventures and Eurazeo Brands, which is taking a minority stake in Bandier. Adrienne Lazarus, who formerly led
Frye and Intermix, has been hired as CEO.
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