While underlying earnings are benefiting from its “Elevation” efforts to upgrade its stores, Sports Direct reported that its U.S. business, consisting of Bob’s Stores and Eastern Mountain Sports, showed loss in its fiscal year ended April 29 and a number of other investments aren’t paying off.
Category: Apparel
Adidas Downgraded On Heightened Competition
Wells Fargo Securities downgraded shares of Adidas due to renewed growth in North America at Nike, continuing explosive growth at Vans and some lackluster results from the launch of new Adidas platforms.
Speedo USA Signs Caeleb Dressel
Speedo USA, a division of PVH Corp., announced that two-time Olympic gold medalist, seven-time FINA World Championships gold medalist and competitive swimming phenom Caeleb Dressel has joined Team Speedo USA, marking his first endorsement since becoming a professional swimmer earlier this year.
EMS/Bob’s Logs Loss For Sports Direct In Fiscal 2018
Sports Direct Inc. said Bob’s Stores and Eastern Mountain Sports, acquired in bankruptcy proceedings in May 2017, showed £9.2 million ($11.9 mm) in trading losses in the company’s fiscal year ended April 29.
Amazon Prime Day 2018 Manages Another Record
Amazon said that sales across its Prime Day event surpassed Cyber Monday, Black Friday and the previous Prime Day, when comparing 36-hour periods, making this once again the biggest shopping event in Amazon history.
HeiQ Partners With Concept III In North America
HeiQ Materials has announced a partnership with Concept III to strengthen the sales and support to the company’s brand partners in North America.
SFIA Webinar Stresses Urgency In Applying For Tariff Exclusions
On a webinar Wednesday, David Cohen, an international trade expert with Sandler, Travis & Rosenberg and Bill Sells, SVP government relations & public affairs at the SFIA, discussed the urgency for affected sporting goods companies to seek exclusions to avoid the latest round of tariffs on Chinese imports. The first deadline in the exclusion process is less than 10 days away.
Deloitte Finds More BTS Shoppers Decide To Purchase In-Store Than Online
This year’s Deloitte’s “2018 Back-to-College Survey” shows that mobile and online shopping is hitting a plateau amongst parents.
OT Sports To Sponsor Minor League Baseball
Beginning with the 2019 season, OT Sports will be an official on-field provider of home and road uniforms, including pants, for Minor League Baseball.
Perry Ellis Special Committee Reiterates Commitment To George Feldenkreis Transaction
The special committee of the Perry Ellis International Inc. board of directors, which is composed of the independent directors, reiterated the committee’s commitment to the George Feldenkreis transaction and the committee’s intention to recommend that all Perry Ellis shareholders vote for the Feldenkreis transaction.
Arc’Teryx Pays Tribute To Marc-Andre Leclerc
Arc’Teryx is paying tribute to athlete Marc-Andre Leclerc during the Arc’Teryx Climbing Academy by dedicating a night of speeches and events in his honor. The event is scheduled for opening night of the Climbing Academy this Thursday, July 19, in downtown Squamish, British Columbia.
The North Face To Celebrate Global Climbing Day
The North Face said the company is again partnering with dozens of climbing gyms and facilities worldwide to celebrate Global Climbing Day (August 18, 2018) and offering climbing opportunities in cities in the U.S., China, Europe, Canada and Mexico.
Did Adidas Or Nike Win The World Cup?
Sponsoring the two finalists at the World Cup was a sign to some observers that Nike had outperformed Adidas in driving brand awareness, and likely sales, from summer’s biggest sporting event. But both brands appear to have benefited.
GSI’s Scholarship Program Accepting Applications Now
The Global Surf Industries 2018 Life Is Better When You Surf Scholarship Program is now open for submissions for kids age 12-15 years old in the U.S.
Adriana Estrada Joins Surfrider Foundation’s Board Of Directors
The Surfrider Foundation, the nonprofit organization dedicated to the protection and enjoyment of ocean, waves and beaches, announced the addition of Adriana Estrada, a leader in brand and innovation strategy, to the organization’s board of directors.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal