Ex-Adidas Team Director Pleads Guilty In NCAA Bribery Case

The former director of an Adidas-sponsored travel basketball team, Thomas “T.J.” Gassnola, pled guilty to federal wire fraud charges and agreed to cooperate with prosecutors in the government’s NCAA basketball bribery case, according to court documents made public Friday.

Perry Ellis To Redeem $50 Million In Notes

Perry Ellis International Inc. said the company notified U.S. Bank National Association of intent to redeem the remaining $50 million of the company’s outstanding 7.875 percent senior subordinated notes due in 2019.

’47 Opens Store In Petco Park

’47, the fan apparel specialist, announced the opening of the company’s first official team store in Petco Park – home to the San Diego Padres.

Columbia’s Strong Q1 Sparks $10M Investment Plan

An impressive first-quarter performance not only increased Columbia Sportswear Co.’s sales expectations for 2018 but also bolstered plans for the company to invest $10 million in e-commerce and other capabilities in the second half of the year.

Perry Ellis Extends Deadline For Board Nomination

Perry Ellis International announced the board of directors has extended the window in which the company must receive proper written notice of the nomination of a director candidate in connection with its 2018 annual meeting of shareholders to May 18, 2018.

Columbia Sportswear Net Income Soars 25 Percent In Q1

Columbia Sportswear Co. reported that net income grew 25 percent to $45.1 million on 12 percent revenue surge in the first quarter, beating analysts’ estimates. First-quarter net income was $45.1 million, or 64 cents per share, compared with first quarter 2017 net income of $36 million, or 51 cents per share. Analysts expected the company to earn 58 cents per share in the quarter.

Patagonia Invests In NuMat Technologies

NuMat Technologies, an advanced materials startup focused on programmable nanomaterials, has received an investment from Tin Shed Ventures, Patagonia’s strategic investment arm. 

Adidas Signs Wyoming

Adidas reached an agreement to become the official athletic footwear, apparel and accessory for the University of Wyoming.

Amer Sports Q1 Earnings Pick Up

Amer Sports reported operating earnings before charges rose 14 percent in the first quarter as higher gross margins and robust profitability gains in its Outdoor segment helped offset currency headwinds.