Peter Ruppe, SVP of footwear at Under Armour, is leaving the company, according to a report in the Wall Street Journal.
Category: Apparel
Nau Announces Departure Of Co-Founder Mark Galbraith
Portland-based apparel brand Nau announced the departure of Co-founder and General Manager Mark Galbraith, who will be pursuing a new opportunity.
Shiekh Shoes Seeks Financing
Shiekh Shoes is seeking financing to avoid a bankruptcy filing, according to a report in Reuters. Owner Shiekh Ellahi blamed the urban chain’s struggles on online competition.
Maurice Sporting Goods Files For Bankruptcy, Pursues Sale
Maurice Sporting Goods Inc., one of North America’s largest distributors of outdoor sporting goods, announced that it has reached a definitive agreement to sell its assets to Middleton Partners. To facilitate the transaction, Maurice and its subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Academy Sports To Sponsor Texas Bowl
Academy Sports + Outdoors has signed a three-year deal to become the title sponsor the Texas Bowl, a collegiate postseason showdown between teams from the Big 12 and the Southeastern conferences.
Runner’s Roost In Orchard Park Sold
Runner’s Roost, based in Orchard Park, NY, has been sold to longtime employee Michelle Fox.
IOC Launches Olympic Brand Campaign ‘Become The Light’
The International Olympic Committee (IOC) launched a new integrated brand campaign, “Become The Light”, that aims to promote the Olympic values of excellence, friendship and respect.
Adidas ‘Would Have Problem’ If FIFA Broke Law
Adidas, a primary sponsor of FIFA, “would have a problem” with the global soccer body if it was found to have broken the law by a U.S. investigation into bribery, Kasper Rorsted, Adidas CEO, told the German newspaper, Bild am Sonntag
Brazil’s Centauro Files For IPO
Grupo SBF SA, owner of Brazilian sporting goods chain Centauro, has requested authorization from securities industry regulator CVM for an initial public offering.
RYU Apparel’s Sales Double In Q3
RYU Apparel Inc., the urban athletic brand based in Vancouver, reported sales of $745,226 in the third quarter ended September 30, up from $331,700 during the same period in 2016.
The North Face Endurance Challenge Championships Hosts Thousands In San Francisco
Thousands of runners competed in The North Face Endurance Challenge Championships starting in Sausalito and ending in picturesque Crissy Field in the San Francisco Bay Area this past weekend. In its eleventh year, the race boasts a $30,000 prize purse for top finishers.
Hibbett Sports Hikes Outlook After Q3 Beat
Hibbett Sports lifted its outlook for the year after reporting that underlying sales trends significantly improved in the third quarter. Comps were down 1.3 percent versus an 11.7 percent tumble in the second quarter with notable improvement in footwear, apparel and team equipment.
Foot Locker’s Shares Skyrocket On Hopeful Forecast
Shares of Foot Locker Inc. vaulted $8.97, or 28.2 percent, to $40.82 on Friday after the sneaker powerhouse reported third-quarter earnings that topped Wall Street’s targets and indicated that results for the full year may exceed guidance. Foot Locker officials also outlined a number of steps it’s taking to revive top-line growth.
Aisle Talk, Week Of November 13
Top headlines from the active lifestyle industry you may have missed this week.
Athleta “On Fire” In Q3
“Simply put, Athleta is on fire,” said Art Peck, president and CEO, Gap Inc. “Top and bottom line momentum continues. We’re seeing exceptional growth outpacing the industry with operating margin expansion.”
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