Apparel | Page 816 | SGB Media Online

Lululemon Drops Suits Against Under Armour

October 31, 2017 SGB Update

Lululemon has dropped its lawsuit charging Under Armour with infringing on patents on its sports bras designs over its Energy Bra.

Under Armour’s Shares Crash On Slashed Outlook

October 31, 2017 SGB Executive

Shares of Under Armour fell $3.89, or 23.7 percent, to $12.52, on Tuesday after the company significantly reduced its outlook for the year due to further erosion in its U.S. business and indicated the weakness would likely continue in 2018. Sales in the second quarter also fell short of Wall Street’s targets as sales declined for the first time since the company went public in 2005.

Adidas Signs Southern Miss

October 31, 2017 SGB Update

Adidas signed the University of Southern Mississippi (Southern Miss). The new eight-year apparel deal through the 2024-25 season replaces the university’s contract with Russell Athletic.

Big 5’s Earnings Drop On Firearms And Broader Retail Weakness

October 31, 2017 SGB Update

Big 5 Sporting Goods reported third-quarter earnings declined 26.8 percent but arrived at the high end of guidance. The retailer continues to be impacted by reduced demand for firearms and had already warned it would face challenges cycling some of the benefit from competitor store closures that occurred last year.

New Balance Unveils ‘All Roads Lead to NYC’ Campaign

October 31, 2017 SGB Update

New Balance unveiled its All Roads Lead to NYC campaign to mark its first year as the footwear/apparel sponsor of the TCS NYC Marathon. The campaign also includes the opening of a Run Club pop-up in the West Village, NYC VictoryPose locations installed throughout the city, and four Run Concierge spots offering runners opportunities for customization and gifts.

Adidas Reveals David Beckham Capsule Collection

October 31, 2017 SGB Update

The collection celebrates the over two-decades of partnership between Beckham and Adidas, including a remastered version of the Predator Accelerator, the ‘cleat of a generation’.

Adidas Golf Signs Nation’s Top Collegiate Golfer

October 31, 2017 SGB Update

Sam Burns was the 2017 Division I recipient of the Jack Nicklaus National Player of the Year award, which is given to the nation’s best collegiate golfer.

Amarillo’s Buck’s Sporting Goods To Close Store

October 31, 2017 SGB Update

Buck’s Sporting Goods in Amarillo, TX, is closing its store.

Invista Agrees To Sell Apparel & Advanced Textiles Business

October 31, 2017 SGB Update

Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding to sell Invista’s Apparel & Advanced Textiles business, one of Invista’s four major business units.

Under Armour Again Cuts Guidance On North American Weakness

October 31, 2017 SGB Update

Under Armour slashed its sales and profit outlook for the year due to “lower North American demand and operational challenges.” Sales in the second quarter also fell short of Wall Street’s targets.

Wall Street Reacts: Nike 2017 Investor Day

October 30, 2017 SGB Executive

Wall Street generally applauded Nike’s plans to ramp up its commitment to innovation and build digital connections spelled out at its Investor Day event last week, but a few were looking for greater insights into near-term trends, especially visibility into when the North America region may recover.