Adidas has discontinued its Digital Sports business unit, possibly impacting 74 jobs. The realignment will entail the company consolidating some of its apps to focus on Runtastic and its relaunched Adidas app.
Category: Apparel
Asics Opens Doors To First Flagship on Fifth Avenue In New York City
Asics America Corporation opened the doors to its first U.S. flagship store featuring two brands in the Asics family – Asics and Asics Tiger. The new store on the famed Fifth Avenue in New York City is designed to represent its storied heritage and its mantra and trademark, “Sound Mind, Sound Body” as well as unveil a new platform for the brand to reach a wider variety of consumers.
Asics Launches Fitness-Class App
Asics launched ASICS Studio, a mobile fitness app that offers unlimited access to on-demand workouts. The experience features trainer-led audio, curated playlists, and visual cues to help users keep their bodies moving and heads in the game–wherever and whenever they have time to work out.
Deckers Wins Fight Against Activist Investor
Triumphing from a 10-month fight against an activist shareholder, Deckers Brands said all its candidates had been elected to its board of directors at its 2017 Annual Meeting of Stockholders.
REI Co-op Names Three New Executive Leaders
REI announced three recent hires to lead its teams in legal, information technology and REI Co-op Brands: Wilma Wallace, Christine Putur and Chris Speyer.
Deutsche Bank Turns Bullish On Athletic Stocks
Deutsche Bank upgraded its stock ratings on both Lululemon and Finish Line while lifting its price targets on Nike, Under Armour, Foot Locker, Dick’s Sporting Goods, Hibbett Sports and Big 5 due to improving fundamentals for the athletic channel.
Morgan Stanley Raises Price Target On Dick’s Sporting Goods
Morgan Stanley raised its price target on Dick’s Sporting Goods to $30 from $28, believing the “company and stock are at a pivotal moment.”
Trump Sued By Patagonia, Coalition Over National Monuments Proclamation
A broad coalition of Native American, conservation, and historic preservation organizations, outdoor industry, scientists, and outdoor recreationists sued the Trump Administration to strike down what they claim is the the President’s “extreme overreach of authority in revoking the Bears Ears National Monument.”
City Sports Plots A Comeback
With its first store soon to reopen and an upcoming relaunch of its website, the new owners of City Sports are making progress toward its goal of reestablishing the athletic chain in urban centers.
Adidas Settles Forever 21 Lawsuit
Adidas reached a settlement with one of Forever 21 Inc.’s suppliers. The suit, filed in March, had charged Forever 21 with using the brand’s trademarked three-stripe design on its athletic apparel.
Decathlon Lands In San Francisco
Marking its return to U.S. retailing, Decathlon has opened a store in San Francisco on 735 Market Street in a former Golfsmith location.
Outdoor Retailer Announces Nominations For Inspiration Awards
Nominations are open for the eighth annual Inspiration Awards, presented by Adidas Outdoor, taking place January 25, 2018 at the Colorado Convention Center, as part of Outdoor Retailer + Snow Show in Denver, CO.
The Finish Line Youth Foundation Donates $373,070 In Q3
The Finish Line Youth Foundation announced its award of $123,070 in grants and $250,000 in donations for Special Olympics in the third quarter of 2017.
VF Named One Of America’s Most Just Companies
VF Corporation was named one of America’s Most JUST Companies, according to Forbes and JUST Capital, a nonprofit that ranks the U.S.’s largest publicly traded corporations on the issues Americans care about most.
Helly Hansen Partners With TowBoatUS
For the 2018 boating season, Helly Hanson is the official clothing provider of TowBoatUS captains and crew.
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