Amer Sports issued its annual report review for 2018 that showed Arc’teryx’s sales grew 11 percent last year to drive growth across Softgoods, a strategic growth priority for the company.
Category: Apparel
Under Armour CEO’s Relationship With MSNBC Anchor Draws Scrutiny
The Wall Street Journal reported that Kevin Plank, Under Armour’s CEO, has been scrutinized by his board of directors for his personal relationship with MSNBC anchor Stephanie Ruhle and its impact on the company.
Lids Sports Group Acquisition Secures Financing
PNC Bank, N.A. announced the closing of a $140 million senior secured credit facility to support Maryland-based Ames Watson, LLC’s acquisition of Lids Sports Group (LSG). PNC Bank, N.A., served as administrative agent.
Trade Talks Showing Some Positive Signals
Facing a March 1 deadline before tariffs on some $200 billion in Chinese imports rise, Chinese and U.S. negotiators held high level talks Thursday and Friday in Washington D.C. The discussions come amid signs of progress on resolving some issues in the seven-month trade dispute.
Under Armour Extends Partnership With Virginia Military Institute
Virginia Military Institute has extended its athletics apparel and footwear partnership with Under Armour. The agreement, which runs through 2022 with a two-year renewal option, continues the partnership that began in 2014.
Asics Appoints Director Of Run Specialty Sales
Asics North America appointed Kevin McHale as its new director of run specialty sales. In this role, McHale will manage the run specialty business. Asics also said it is unveiling a newly created Technical Representatives Program to provide rep coverage across the country.
Zion Williamson Injury Puts Spotlight On Nike And College Hoops
A shoe malfunction that injured college basketball’s biggest star in the most-hyped game of the year sent Nike into full damage control mode and drove more debates on the risks of college athletics.
Report: U.S. And China Trade Talks Making Significant Progress
The U.S. and China have made the most significant progress to date in their trade talks, outlining commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade, Reuters reported.
Point 3 Secures Investment From Baron Davis
Baron Davis, the former NBA star, recently made an investment in Point 3 Basketball, the specialist in basketball uniforms and socks, and has become its creative director.
Gildan Activewear’s Profits Jump In Q4
Gildan Activewear reported adjusted earnings rose 31.5 percent in the fourth quarter. Revenues jumped 13.6 percent, led by a 22.3 percent increase in activewear sales.
PVH To Acquire Australian Partner
PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited, its long term partner in Australia.
Foot Locker To Ramp Up Capital Spending In 2019
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2019, compared to the approximately $200 million in 2018. The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives.
USA Gymnastics Appoints President
USA Gymnastics announced that Li Li Leung has been appointed president and chief executive officer . Leung most recently served as a VP at the National Basketball Association (NBA), where she has been responsible for managing key partner relationships.
Pony Reaches New Licensing Agreement With One Step Up
Iconix Brand Group Inc. has signed a new agreement with One Step Up to be the exclusive apparel and footwear licensee for the Pony brand in North America.
Colorado Store To Close After Nike/Kaepernick Boycott
A Colorado sports apparel and memorabilia store is closing following its move to stop selling Nike product as a protest against the brand’s embrace of Colin Kaepernick.
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